UGLY DUCKLING CORPORATION
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
Three Months Ended Three Months Ended
September 30, 1997 September 30, 1996
---------------------- --------------------
Fully Fully
Primary Diluted Primary Diluted
---------- ---------- --------- ---------
Net earnings (loss) $ (1,828) $ (1,828) $ 1,967 1,967
Preferred dividends - - (250) (250)
Net earnings (loss) available to common shares $ (1,828) $ (1,828) $ 1,717 1,717
========== ========== ========= =========
Earnings (loss) per share $ (0.10) $ (0.10) $ 0.19 $ 0.19
========== ========== ========= =========
Weighted average common shares outstanding 18,455 18,455 8,633 8,633
Common equivalent shares outstanding 545 545 456 572
using the treasury stock method
Weighted average common and common
equivalent shares outstanding 19,000 19,000 9,089 9,205
========== ========== ========= =========
Nine Months Ended Nine Months Ended
September 30, 1997 September 30, 1996
---------------------- --------------------
Fully Fully
Primary Diluted Primary Diluted
---------- ---------- --------- ---------
Net earnings $ 5,745 $ 5,745 $ 4,115 4,115
Preferred dividends - - (817) (817)
Net earnings available to common shares $ 5,745 $ 5,745 3,298 3,298
========== ========== ========= =========
Earnings per share $ 0.32 $ 0.32 $ 0.47 $ 0.46
========== ========== ========= =========
Weighted average common shares 17,600 17,600 6,659 6,658
outstanding
Common equivalent shares outstanding 600 600 407 572
using the treasury stock method
Weighted average common and common
equivalent shares outstanding 18,200 18,200 7,066 7,230
========== ========== ========= =========
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-27
<SEQUENCE>6
<TEXT>
<ARTICLE>5
<LEGEND>
This financial data schedule on form 10-Q for the quarter ended September 30,
1997 contains summary financial information which is incorporated by reference
from the 1997 quarterly report and extracted from the Condensed
Consolidated Balance Sheets, Condensed Consolidated Statements of Operations,
and Condensed Consolidated Statements of Cash Flows, and is qualified in
its entirety by reference to the financial statement within the report on
form 10-Q filing.
Any item provided in the schedule, in accordance with the rules governing the
schedule, will not be subject to liability under the federal securities laws,
except to the extent that the financial statements and other information from
which the data were extracted violate the federal securities laws. Also,
pursuant to item 601(c)(1)(iv) of Regulation S-K promulgated by the Securities
and Exchange Commission (SEC), the schedule shall not be deemed filed for
purposes of Section 11 of the Securities Act of 1933, Section 18 of the
Exchange Act of 1934 and Section 323 of the Trust Indenture Act, or otherwise
be subject to the liabilities of such sections, nor shall it be deemed a part
of any registration statement to which it relates.
<CIK> 0001012704
<NAME> UGLY DUCKLING CORP
<MULTIPLIER> 1,000
<PERIOD-TYPE> 3-MOS 9-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996
<PERIOD-END> SEP-30-1997 SEP-30-1997
<CASH> 4,401 4,401
<SECURITIES> 41,947 41,947
<RECEIVABLES> 42,677 42,677
<ALLOWANCES> 6,331 6,331
<INVENTORY> 20,936 20,936
<CURRENT-ASSETS> 0<F1> 0<F1>
<PP&E> 42,669 42,669
<DEPRECIATION> (4,777) (4,777)
<TOTAL-ASSETS> 271,285 271,285
<CURRENT-LIABILITIES> 0<F1> 0<F1>
<BONDS> 0 0
<PREFERRED-MANDATORY> 0 0
<PREFERRED> 0 0
<COMMON> 171,943 171,943
<OTHER-SE> 5,452 5,452
<TOTAL-LIABILITY-AND-EQUITY> 271,285 271,285
<SALES> 33,530 79,543
<TOTAL-REVENUES> 45,204 120,209
<CGS> 18,537 42,537
<TOTAL-COSTS> 0 0
<OTHER-EXPENSES> 21,517 49,628
<LOSS-PROVISION> 6,538 15,367
<INTEREST-EXPENSE> 1,578 2,914
<INCOME-PRETAX> (2,966) 9,763
<INCOME-TAX> (1,138) 4,018
<INCOME-CONTINUING> (1,828) 5,745
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> (1,828) 5,745
<EPS-PRIMARY> (.10) .32
<EPS-DILUTED> (.10) .32
<FN>
<F1>UNCLASSIFIED BALANCE SHEET
</FN>