I am hearing that GameStop is doing really well.
Publicly traded auto dealer groups are an interesting stock to watch. They all took a nose dive at the beginning of the pandemic but have rally back after managing to post good numbers in 2020. Now, investors are starting to pummel this sector ahead of the release of 2020 results in February. It is a very tricky business because franchise laws and the manufacturers limit the ability of these groups to grow through big mergers. And there are fewer and fewer independent dealers left to buy up. But the pandemic has ignited a potential game changer for the industry. There has been big growth in purely online sales. Younger car buyers are now getting comfortable buying online. If online buying takes off in a big way, auto dealers will double profits as they will not need to pay sales commissions and can reduce their retail footprint, which is also a huge expense. So, look for a pretty big sell off in this sector over the next few months and then buy and hold on the bottom. If online sales really take off, the publicly trade groups will see huge returns over the next few years.