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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
Post by Jackroyon Dec 08, 2015 10:54am
122 Views
Post# 24364897

$20.00

$20.00I think this stock hits 20.00 and at that price I think it "starts" to be an interesting story; but it is not just the stock price ...... I want to see the next couple of quarters.  I have a buddy that works at their cross town dealership - main dealership for Chrysler.  He indicated they have 3 2014 full loads Ram trucks.  Thats aweful - 2 years old already.  Who would buy that unless the deal was so good you could not afford not too.  The minute you buy these trucks, they are 2 years old with low milage.... So go to kijiji and look at what a two year old truck with 20,000 KM is worth and that would be the top anyone would pay.  Unfortunately, that is a huge loss to crosstown.  How many other vehicles do they have in this situation.  I was told they have around 300 vehicles sold, but really on day leases.  So..... those will come back to haunt them.

Tricks of the industry
Bullboard Posts