{"version":"1.0.0","episode":{"title":"The End of the M&A Lottery – Why Earnings Quality Now Outweighs the Multiple | George Karolis, President of The Presidio Group","url":"http://getcarcurious.com/episodes/the-end-of-the-m-a-lottery-why-earnings-quality-now-outweighs-the-multiple-george-karolis-president-of-the-presidio-group","audioUrl":"https://chrt.fm/track/C6AG88/traffic.megaphone.fm/CREUR1065499936.mp3","description":"Today I’m joined by George Karolis, President of The Presidio Group.\n\nGeorge breaks down the tension between record-high blue sky multiples and the rising cost of capital, offering a rare look at who is buying, who is selling, and why the \"big get bigger\" trend is accelerating.\n\n\n\nVisit @ ⁠https://thepresidiogroup.com/v2ud⁠ to download the data discussed in today’s episode. \n\nThis episode is brought to you by:\n\n\n1. Amazon Autos - Sell vehicles to online shoppers who can now buy or lease at Amazon Autos. Upload your inventory of new, used, and certified pre-owned vehicles to our online marketplace, where purchase-ready customers can browse, purchase online, then pick up at a local dealership. Learn more @ https://sell.amazon.com/programs/autos \n\n\n\n2. fullthrottle.ai - fullthrottle.ai® is a next-generation AdTech powerhouse. The Automotive DSP™ is built specifically for the auto industry, combining advanced programmatic targeting, real-time bidding, and analytics tailored to drive dealership and OEM performance. With fullthrottle.ai®, marketers can reach the right car shoppers at the right moment and optimize toward real business outcomes like test drives, leads, or sales. https://www.fullthrottle.ai/  bridges the gap between auto media buying and results-driven marketing. \n\n\n3.  The Presidio Group -  The Presidio Group is one of the longest standing investment banks entirely focused on the auto retail sector in the United States and was founded in 1998 with the simple mission to relentlessly put the interests of its clients first. During their careers, the professionals at Presidio have collectively closed more than 300 transactions for over $20.0 billion. The Presidio Group, based in Denver and Atlanta, publishes Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends, a leading source of information about the automotive retail landscape. 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We see Honda stable and strong at number three...","canonicalId":"brand:toyota","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Toyota is a leading automotive manufacturer known for its reliability and strong resale value. It consistently ranks high in customer satisfaction and dealer desirability surveys.","simplifiedExplanation":"Toyota is a car company that makes popular vehicles known for being dependable and lasting a long time."}},{"startTime":411.0,"endTime":411.5,"type":"brand","title":"Lexus","url":"/glossary/lexus","quote":"...of course, Toyota and Lexus leading the pack. We see Honda stable and strong at number three...","canonicalId":"brand:lexus","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Lexus is the luxury division of Toyota, recognized for its high-quality vehicles and customer service. 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Ford just jumped in, I think. So they're jumping on? They jumped up some. They've waded through some of the noise they had with their EV issues...","canonicalId":"brand:ford","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Ford is an American automotive manufacturer known for producing a wide range of vehicles, including trucks, SUVs, and cars. Recently, they have been focusing on electric vehicles (EVs) and have faced some challenges in production and dealer relations.","simplifiedExplanation":"Ford is a popular car brand in the United States that makes many different types of vehicles. They are currently working on electric cars but have had some issues with production and how dealers feel about them."}},{"startTime":688.0,"endTime":689.0,"type":"company","title":"Amazon Autos","url":"/glossary/amazon-autos","quote":"This episode is brought to you by Amazon Autos. 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They've got, you know, they've had tariff issues...","canonicalId":"brand:audi","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Audi is a luxury automotive brand known for its performance and technology. Recently, the brand has faced challenges related to tariffs and inventory issues, impacting its market position.","simplifiedExplanation":"Audi is a car brand that makes luxury vehicles. Right now, they are having some problems with tariffs and how many cars they have available to sell."}},{"startTime":1523.4,"endTime":1523.4,"type":"brand","title":"Porsche","url":"/glossary/porsche","quote":"...Porsche is not as hot as it used to be. That's also a tariff and production related issue that we're seeing.","canonicalId":"brand:porsche","priority":0.9,"confidence":0.9,"source":"hybrid-fuzzy+gpt-4o-mini","data":{"explanation":"Porsche is a renowned sports car manufacturer known for high-performance vehicles. 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