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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. 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

AutoCanada Inc > NCIB Renewal
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Post by sunshine7on Dec 21, 2022 8:49am
181 Views
Post# 35184165

NCIB Renewal

NCIB RenewalStarts Dec 23...

"Pursuant to its existing NCIB, under which the Company has approval from the TSX to purchase up to 1,730,321 common shares for the period of December 23, 2021 to December 22, 2022, the Company has purchased 1,730,321 common shares on the TSX and alternative trading systems at a weighted average purchase price of $32.70 per common share."

Add that to the recently closed SIB at $27 for 7.4% SOS., That will make 27% shares bought back.

Today, " Following Tuesday’s announcement of its new CFO and a plan to renew its normal course issuer bid, Acumen Capital’s Trevor Reynolds trimmed his target for AutoCanada Inc. (
ACQ-T -3.91%) to $40 from $43 with a “buy” rating"... thats 80% upside!decrease

In 2 days, ACQ will become an active buyer again and they have demonstrated (and analyst agrees) the will to by back shares at higher prices. Last Call!
 
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