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AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, after-market products and auction services. The Company also arranges financing and insurance for vehicles purchased by its customers through third-party finance and insurance sources. Its segments include Canadian Operations and U.S. Operations. It operates 83 franchised dealerships, comprising of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States of America. It sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Acura, and Honda brands.


TSX:ACQ - Post by User

Bullboard Posts
Comment by TimeScapeon Mar 21, 2014 11:26am
193 Views
Post# 22351441

RE:Valuation...

RE:Valuation...Yes, about 30 times last year's earnings, but look at the growth. Most measurement are growing at around 30-35%. eps was up 33% for Q4, 50% for the year. They just increased their growth expectations for the next 24 months, and said even that higher growth could be exceeded if they can sign a multi-location dealership or two. Dividend had gone up every quarter for 13 quarters in a row. Investors will pay up for that kind of outstanding performance and growth. Sure, the stock isn't cheap, but what really good stock is cheap in a strong bull market. I've sold some on the way up since my average cost is about $5 a share, but still have about 2/3 of initial investment. Might sell some more if it hits $60. Or $65 :)
Bullboard Posts