Covington Cycle City
How we got $3.0M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Likely to sell
- In business 26 years (since 2000)
- Founder still runs it after 26 years
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Covington Cycle City this business | $22.5M | — |
| Independent Auto Sales, LLC Woodward | $45.0M | 0.1 mi |
| CM Brothers Auto Sales LLC Woodward | $22.5M | 0.2 mi |
| G/T Auto Sales Used Cars Woodward | $22.5M | 0.9 mi |
| Split Rock Auto Sales Woodward | $1.4M | 1.1 mi |
| Five Star Industrial Equipment Llc - 5 Star Forklift Woodward | $22.5M | 1.2 mi |
| WOODWARD AUTO-MART LLC Woodward · 9 employees | $9.9M | 1.4 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $3.0M |
| Multiple for this size and industry | 3× |
| Value range | $347K – $6.7M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Automobile dealers businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (4%). Treat these as a rough guide.
| Revenue range | $3.3M – $42.2M |
| EBITDA range | $145K – $1.9M |
| Industry (NAICS) | Automobile dealers (4411) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Covington Cycle City
Covington Cycle City is a car dealers company in Woodward, Oklahoma, in business since 2000. It is owned by Jerry Covington (Founder). Its estimated annual revenue is about $22.5M, with roughly $987K of EBITDA. Its estimated business value is $3.0M (likely range $347K–$6.7M).
Common questions
- Who owns Covington Cycle City?
- Covington Cycle City is owned by Jerry Covington (Founder), according to public sources such as the company's website or filings.
- How much revenue does Covington Cycle City make?
- SeeBITDA estimates Covington Cycle City's annual revenue at about $22.5M (likely between $3.3M and $42.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covington Cycle City worth?
- About $3.0M, roughly 3× its estimated EBITDA of $987K, typical for a car dealers company its size. Likely range: $347K–$6.7M.
- When was Covington Cycle City founded?
- Covington Cycle City has been in business since 2000.
- Is Covington Cycle City for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 26 years (since 2000); founder still runs it after 26 years.