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Bullboard - Stock Discussion Forum AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

Consumer Cyclical Auto & Truck Dealerships
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... see more

TSX:ACQ - Post Discussion

AutoCanada Inc > CEO buys $4.5 million in stock on May 3rd
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Post by OptsyEagle on May 10, 2024 8:12pm

CEO buys $4.5 million in stock on May 3rd

It'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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AutoCanada Inc