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AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. It offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services. Its segments include Canadian Operations and U.S. Operations. It operates over 85 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States. 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, Honda and Porsche branded vehicles. Its Canadian Operations segment operates three used vehicle dealerships and one used vehicle auction business supporting the Used Digital Division, 13 RightRide division locations, and 11 stand-alone collision centers within its group of 28 collision centers.


TSX:ACQ - Post by User

Bullboard Posts
Post by Joeknowsjackon Nov 28, 2017 8:05am
141 Views
Post# 27044476

Can't get over how poorly this trades...

Can't get over how poorly this trades...One would think Buying and selling cars is a very good business to be in.  According to monthly stats Canadians continue to buy new vehicles at greater numbers than prior years so why isn't  the  largest public auto seller in Canada valued higher?..
Auto Canada continues to deliver on all fronts as it grows it portfolio....one would think as minimum wages go up in January the auto sector could see another boost to sales...
Oil has been another so called  reason as to Acq's troubles but oil is nearly trading at 2 year highs and should continue to trade at the levels if not higher going forward leading up to big  Saudi aramco oil ipo in 2018.
This company should be a net gainer in 2018...stock traded over $50 few years back..
Good  times have returned with almost 70 dealerships under its belt and borrowing rates near record lows...
Stock should be trading at least 30% higher....thoughts??
Bullboard Posts