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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 about 82 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States. It sells Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, FIAT, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Lincoln, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, Toyota, Volkswagen, and Volvo 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 27 collision centers.


TSX:ACQ - Post by User

Bullboard Posts
Comment by orepasson Sep 26, 2014 7:26pm
348 Views
Post# 22975343

RE:Momentum still driving this stock

RE:Momentum still driving this stockI agree, we will see $45 which is the next support as you said... I think the Q3 results will be the catalyst for that because expectations are way too high... Management sold $203 million @ $78... I warned that this was the kiss of death... Two other factors to consider is that the broad indices may be about to plunge and the reality is that car sales are peaking this year... If things go hay wire, $45 is still way too high...

orepass
Bullboard Posts