--- title: Friday Fast Five - 4/19/2024 description: We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Capital research analysts list the five most interesting things they discovered that week. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday. image: https://blog.hodgescapital.com/hubfs/Hodges-FridayFastFive.jpg --- [![Hodges-Logo-1](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Logo-1.png?width=215&height=98&name=Hodges-Logo-1.png "Hodges-Logo-1")](https://www.hodgescapital.com/) [![Connect With Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6) ** ** [![](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Logo-1.png?width=521&height=237&name=Hodges-Logo-1.png)](https://blog.hodgescapital.com/) [![Connect With Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6) ** ** **Menu** ** ** ![Outside 1-1-2](https://blog.hodgescapital.com/hs-fs/hubfs/Outside%201-1-2.jpeg?width=4106&name=Outside%201-1-2.jpeg "Outside 1-1-2") # Hodges Friday Fast Five *"In the investment business, you go to school every day, but never graduate." - Don Hodges*   # Friday Fast Five - 4/19/2024 by [Hodges Investment Team](https://blog.hodgescapital.com/capital-fast-five/author/hodges-investment-team), on April 19, 2024 Five interesting things that Hodges Capital research analysts discovered this week... **#1 ****PARIS 2024: **The Olympic Torch was lit on April 16th, 2024, and the opening ceremony of the Paris Olympics is 100 days away. According to the Associated Press, the torch was lit at the birthplace of the sporting competition in Ancient Olympia, Greece. A relay of torchbearers will carry the flame along a 5,000-kilometer (3,100-mile) route through Greece until handing it over to the Paris Games organizers in Athens on April 26th. The French capital will officially open the games on July 26th. **#2**** ****THE MIGRATION CONTINUES: **The US Census Bureau released the 2023 population numbers and Dallas-Fort Worth reported the strongest growth among the 10 largest metro areas at 1.9% or 152,600 new residents. Houston and Atlanta were number two and three. New York lost 65,500 residents, while Los Angeles lost 71,000.     **#3 ****ALL CASH BUYERS: **In January 2024, all cash buyers accounted for 32% of home sales. The last time the share of all cash buyers was this high was in June 2014. Data collected from the National Association of Realtors shows that all-cash buyers only represent 19% of homes purchased for primary residence but 56% for vacation homes. **#4 ****EAT MOR CHIKIN: **According to an article in the Franchise Times, Chick-fil-A reported 2023 systemwide revenues of $21.6 billion, up 14.9% y/y. Revenue at Chick-fil-A has grown by $10 billion in five years. The sales per restaurant averaged $9.37 million in 2023, up 8%. The highest-performing store generated $19 million, while the lowest was $2.7 million. **#5 ****DEALER PROFITS: **According to a report by Haig Partners, profits per auto dealership declined by 23% in 2023. Gross margin per new vehicle retailed fell 27.1% to $3,354. Despite the decline, the average dealership’s net pretax profit last year is still more than 2.5X what it was in 2018. ** ** ** **      *HCM is an Investment Advisory Firm registered with the Securities and Exchange Commission (“SEC”), is a wholly owned subsidiary of Hodges Capital Holdings and serves as investment advisor to the Hodges Funds. HCM is affiliated with First Dallas Securities, Inc, a broker-dealer, and investment advisor registered with the SEC.* *This discussion is not intended to be a forecast of future events and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security or is a substitute for personalized investment advice from your individual advisor. HCM does not provide tax or legal advice. Consult your tax or legal advisor for any related questions.* *All information referenced herein is from sources believed to be reliable and is provided as general market commentary and does not constitute investment advice. This material was created for informational purposes only and the opinions expressed are solely those of HCM. HCM shall not in any way be liable for claims and makes no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information. The data and information are provided as of the date referenced and are subject to change without notice.* ### Hodges Friday Fast Five We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Capital research analysts list the five most interesting things they discovered that week. 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