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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 Jan 28, 2018 11:49pm
121 Views
Post# 27452104

So this got beat up as the price of crude....

So this got beat up as the price of crude....Continued to trade lower for the last few years.....the price of crude is now in an uptrend and should continue to climb leading up to Saudi aramco ipo...If this companies success was so dependent on the price of crude before than why has it been stagnant in 2018 as crude prices have risen???
Company dealership ownership is more diversified geographically....minimum wages have risen in Ontario and Alberta......which may result in more car sales....
https://www.retailcouncil.org/sites/default/files/documents/MinimumWageMapJAN_EN.pdf
and finally as the marijuana boom gets underway the auto sector could be a winner from mjns success...
Isn't it time this get back to old highs???
Bullboard Posts