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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 May 10, 2024 8:12pm
239 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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