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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 Hich1205on Aug 14, 2024 9:57am
756 Views
Post# 36178301

trouble waters for the next 1 to 2 years

trouble waters for the next 1 to 2 yearsTrying to find myself a good exit point willing to incure a material loss. I think there is no hope for the next 1 to 2 years, and I'm not speakig about the cyber drama, what's really disturbing is how their unit sales are down while canadian car sales are up 10.5% vs last year and US are +1.5% , and this is a trend I've seen for quiet time now, Guess ACQ does not have the right brands in its portfolio, probably overweithed in stellantis which is doing very bad worldwide. Another thing that I don't like is the non-arm lenth transactions, with ACQ buying business from an executive .... and I'm betting it will be write down in 2024.

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