Car dealership business APE has struggled to meet strong demand due to dire supply issues from a number of car makers – computer chips are an integral issue here. We like this business and its quality is reflected by how well its performed during the recent tough conditions. We can see fresh highs for APE into 2022 but the demand side of the curve will need to be monitored carefully as interest rates start to rise.
MM is bullish APE around $14
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