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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 dpunt32on Nov 06, 2014 9:58pm
196 Views
Post# 23104966

RE:Here's all the Quarterly Facts! YA BABY YA!

RE:Here's all the Quarterly Facts! YA BABY YA!i would not agree YA baby ya...They missed RBC estimates on most parameters, RBC was lead underwriter so their numbers will have some weight...they missed on Revenue 733.4 vs 739.8 , Gross margin 119.9 vs 126.3,  Gross Margin % 16.2% vs 17.1%, EBITDA 27.8 vs 32.6m, EPS .74 vs .75....as well they missed on new vehicle sales and used car sales...this quarter if anything was weaker than the last quarter...the problem is here is it looks like they are making acquistions and not getting much in the way of synergies...if anything margins are deteriorating, and the scary thing is this is happening in a robust auto market with record sales, what happens when things turn down ?....the challenge this stock will have is its now 2 weak quarters in a row, and 2 weak quarters that came after the CEO sold 100s of million of stock at $78....nobody will be too happy, i expect the stock to trade back down, especially given the strenght over the last few weaks....still very expensive and it was priced for perfection...
Bullboard Posts