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. 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.

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AutoCanada Inc

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Post by Tobuyornoton Nov 18, 2014 12:51pm

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Post# 23140325

Ccord Honk for .05

AutoCanada* (ACQ : TSX : $58.64), Net Change: 4.33, % Change: 7.97%, Volume: 193,624

ANOTHER DAY, ANOTHER ACQUISITION. AutoCanada announced the purchase of an 80% non-voting equity interest in Bridges Chevrolet Buick GMC, located in North Battleford, Saskatchewan. In 2013, the dealership retailed 396 new vehicles and 387 used vehicles, making it smaller than the average ACQ dealership. ACQ has previously provided acquisition guidance of 8-10 acquisitions by the end of May 2015. Canaccord Genuity Consumer & Retail Analyst Derek Dley notes the company has already announced five acquisitions within the aforementioned guidance and expects ACQ will meet or exceed the remaining 3-5 acquisitions implied by its guidance. Dley also notes the company has acquired 15 dealerships year to date. In Dley's view, ACQ continues to have a large pipeline of potential acquisitions and note that each dealership adds ~$0.05 to his EPS estimate, all other factors being equal.

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