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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

Post by OptsyEagleon Dec 30, 2022 12:00pm
217 Views
Post# 35197106

NCIB

NCIBIt's kind of nice to have the ability to buy back stock in ACQs case.   They get the benefit, when negotiating new dealer acquisitions, of either getting the accretive price they would like on the dealer purchase from that seller, or simply buying back their own stock at these very low and therefore, highly accretive prices.

Not sure how long it will last but until this economic situation gets a little more clearer is should give them the ability to set themselves up even better for the future.  All we have to do is wait and watch.   Luckily I wasn't planning on spending this investment money anytime soon anyway.
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