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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 over 83 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

Comment by sunshine7on Dec 24, 2022 11:47am
138 Views
Post# 35191072

RE:RE:RE:CIBC

RE:RE:RE:CIBCYour buy and hold advice is sound for the patient investor but for those with short term intentions, acq is also a good trading stock that responds reasonably well to technical trading. I have made good returns even during the market downturn by selling overbought and buying oversold. Back in now after topping up on the last bottom and looking forward to byback support starting next Wednesday when markets resume. Barring any market crisis, this should be back over $26 in short order IMO. 
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