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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

Post by OptsyEagleon Jul 14, 2023 6:18pm
370 Views
Post# 35542089

RE:RE:RE:RE:ACQ has $255 of Revenue per share

RE:RE:RE:RE:ACQ has $255 of Revenue per shareInteresting conversation.  Thanks.  I agree it would be nice to start seeing some dividends but I suspect the bean counters at ACQ figure that the dividends could be a lot higher if they took that money and first bought back their own stock and cancelled those shares.  I suspect that idea slows down a lot of dealership acquisitions as well.  Since ACQ's stock price is so low they probably figure they can take the purchase price a dealership owner wants for their operation, and use it to buy their own stock and they would end up with a higher EPS then buying the dealership itself and with a lot less risk.   Since I imagine the managers preference would be to buy the dealership and grow the business, in the end nothing gets done.  No buybacks and few acquisitions.

I am not sure what happened to Pat Preistner.  I use to own ACQ back when Pat ran it.  Made a lot of money on it and sold my shares at prices much higher then today.   I was away from the story for a while and when the price came back down and I started to acquire a new position I noticed Pat was gone.   Not sure what happened with all that.
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