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AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, after-market products and auction services. The Company also arranges financing and insurance for vehicles purchased by its customers through third-party finance and insurance sources. Its segments include Canadian Operations and U.S. Operations. It operates 83 franchised dealerships, comprising of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States of America. It sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Acura, and Honda brands.


TSX:ACQ - Post by User

Post by OptsyEagleon May 10, 2024 8:12pm
141 Views
Post# 36034772

CEO buys $4.5 million in stock on May 3rd

CEO buys $4.5 million in stock on May 3rdIt's great that the CEO has agreed to buy $25 million in ACQ stock but it does create a conflict of interest when it comes to his wanting the stock to go up, at least until all his buying is done.   They issue an earnings report that was not all that great, the stock goes down at lot and and then the CEO buys $4.5 million in stock the very next day.

Anyway, at least he knows the company has an awesome future but it will be nice for the rest of us when he completes this big stock buying commitment.
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