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AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

Consumer Cyclical Auto & Truck Dealerships
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

AutoCanada Inc > Exited my position last week. Good luck to everyone else
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Post by FOMOalphaon Jun 07, 2020 8:35pm
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Post# 31122540

Exited my position last week. Good luck to everyone else

Exited my position last week. Good luck to everyone elseMade about 30% profit on this heavily shorted stock. I am onto the next one. It's just a trade for me.


Fundamentally, I don't know if this is a good stock for long hold at all.

But, all I know is it is heavily shorted and a low floater. Shorts will probably continue to get squeezed.

All it takes is one guy with big pocket to squeeze all these shorts.


Anyway, GTLA.
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