Rocky Mountain’s 1Q Profits Rise 52%; CEO Resigns

On May 10, Rocky Mountain Dealerships reported that its revenues for the 3 months ended March 31, 2011 grew by 31% and profits by 52%. At the same time, the company announced that its CEO, Brian Taschuk, has left the company for personal reasons.

The company also restated its strategy to slow acquisitions and focus on integrating acquisitions with the intent of increasing gross margin and bringing down SG&A to effectively “harvest returns for shareholders.”

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