AutoCanada Inc. | StockChase
175
AutoCanada Inc. (ACQ-T)

Last Price Recorded: $17.4700 on 2018-06-20

ON STOCKCHASE SINCE Dec 2006

specialty stores
175
AutoCanada Inc. (ACQ-T)

Last Price Recorded: $17.4700 on 2018-06-20

ON STOCKCHASE SINCE Dec 2006

specialty stores

AutoCanada Inc.


Signal Opinion Expert
DON'T BUY
AutoCanada Inc.(ACQ-T) 

June 13, 2018

He sold out a few months ago.  The recent selloff has prompted some shareholder resentment and a call for strategic alternatives.   The latest quarterly earnings were disappointing.  There was discussion of a US acquisition, but he feels it may be a lower margin one.  He does not know how they will change the momentum. 

specialty stores

He sold out a few months ago.  The recent selloff has prompted some shareholder resentment and a call for strategic alternatives.   The latest quarterly earnings were disappointing.  There was discussion of a US acquisition, but he feels it may be a lower margin one.  He does not know how they will change the momentum. 

specialty stores
Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$16.600
Owned Owned
No

DON'T BUY
AutoCanada Inc.(ACQ-T) 

June 7, 2018

He sold his holdings. Previous management was unfocussed with its many purchases to grow the business, about 14 in one year, then they failed to integrate the back offices. New management came in promising to diversify their brands internationally and reduce their purchases. Management failed to exit a relationship with a company founder well. They bought a dealership in the U.S. which didn't make sense with no synergies. Management has become unfocussed again.

specialty stores

He sold his holdings. Previous management was unfocussed with its many purchases to grow the business, about 14 in one year, then they failed to integrate the back offices. New management came in promising to diversify their brands internationally and reduce their purchases. Management failed to exit a relationship with a company founder well. They bought a dealership in the U.S. which didn't make sense with no synergies. Management has become unfocussed again.

specialty stores
Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$16.020
Owned Owned
No

DON'T BUY
AutoCanada Inc.(ACQ-T) 

June 1, 2018

He sold it at the start of 2018. The stock has taken a dive. It had a bad quarter, but it could move back to $18-20. It's currently at cheap valuations. A problem is that they can't buy enough dealerships to grow their company, at least not in Canada, so they must look to the U.S. Also, rising interest rates and the late auto cycle are headwinds.

specialty stores

He sold it at the start of 2018. The stock has taken a dive. It had a bad quarter, but it could move back to $18-20. It's currently at cheap valuations. A problem is that they can't buy enough dealerships to grow their company, at least not in Canada, so they must look to the U.S. Also, rising interest rates and the late auto cycle are headwinds.

specialty stores
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$16.780
Owned Owned
No

DON'T BUY
AutoCanada Inc.(ACQ-T) 

May 16, 2018

He's shied away from it. They just reported a disastrous quarter. Auto sales are cyclical, and more and more consumers are turning to debt financing to buy cars--and consumers are struggling with heavy debt. Auto sales were hot last year, but ACQ keeps disaapointing on earnings.

specialty stores

He's shied away from it. They just reported a disastrous quarter. Auto sales are cyclical, and more and more consumers are turning to debt financing to buy cars--and consumers are struggling with heavy debt. Auto sales were hot last year, but ACQ keeps disaapointing on earnings.

specialty stores
Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$16.840
Owned Owned
No

BUY on WEAKNESS
AutoCanada Inc.(ACQ-T) 

May 15, 2018

He is negative on consumer discretionary in Canada, including automotive. They are diversifying away from being Chrysler driven. He sees the diversity as a positive and it is on his looking-to-buy list. This is the kind of think he might buy at the end of the tax-loss selling season, near the end of the year just because it is down so much.

specialty stores

He is negative on consumer discretionary in Canada, including automotive. They are diversifying away from being Chrysler driven. He sees the diversity as a positive and it is on his looking-to-buy list. This is the kind of think he might buy at the end of the tax-loss selling season, near the end of the year just because it is down so much.

specialty stores
James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$16.840
Owned Owned
No

WAIT

He would not buy it at this price because the Alberta economy is not yet recovering. There is some infrastructure spending underway now, but that will eventually peter out and sales of pickup trucks will slow down. ACQ makes its biggest money on expensive pickup trucks and associated insurance; there isn’t enough money to afford many new ones. There is a large supply of used pickup trucks that hurt the market for new truck sales.

specialty stores

He would not buy it at this price because the Alberta economy is not yet recovering. There is some infrastructure spending underway now, but that will eventually peter out and sales of pickup trucks will slow down. ACQ makes its biggest money on expensive pickup trucks and associated insurance; there isn’t enough money to afford many new ones. There is a large supply of used pickup trucks that hurt the market for new truck sales.

specialty stores
Fabrice Taylor

Publisher, The President's Club...

Price Price
$17.340
Owned Owned
No

COMMENT

It's been going sideways and not doing much for over two years. The only way to trade this stock is to buy at the bottom end of the range then sell at the top of the range. 

specialty stores

It's been going sideways and not doing much for over two years. The only way to trade this stock is to buy at the bottom end of the range then sell at the top of the range. 

specialty stores
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$21.730
Owned Owned
Unknown

PAST TOP PICK
AutoCanada Inc.(ACQ-T) 

April 26, 2018

(A Top Pick March 8/17 - Down 9%.) He likes the model. They basically didn’t like the way management was executing. 

specialty stores

(A Top Pick March 8/17 - Down 9%.) He likes the model. They basically didn’t like the way management was executing. 

specialty stores
Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$21.740
Owned Owned
No

TOP PICK
AutoCanada Inc.(ACQ-T) 

March 12, 2018

Underlying everything it is a great business.  It has been building a base since 2015.  This is a good level to be buying the company at.  They continue to diversify in brand and geography.  It is about parts and service, which is recurring revenue.  Almost a 10% free cash flow.  (Analysts’ target: $26.00).

specialty stores

Underlying everything it is a great business.  It has been building a base since 2015.  This is a good level to be buying the company at.  They continue to diversify in brand and geography.  It is about parts and service, which is recurring revenue.  Almost a 10% free cash flow.  (Analysts’ target: $26.00).

specialty stores
Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$20.670
Owned Owned
Yes

PAST TOP PICK
AutoCanada Inc.(ACQ-T) 

March 12, 2018

(A Top Pick Feb.23, 2017, Down 17%) Sold his. They had a primary shareholder, which he expected ACQ to get out of the way, but in fact it became really complicated. Also, from talking to private companies in this sector, the deals ACQ were paying were high. So, it's hard for the deals that ACQ were making to be accretive.

specialty stores

(A Top Pick Feb.23, 2017, Down 17%) Sold his. They had a primary shareholder, which he expected ACQ to get out of the way, but in fact it became really complicated. Also, from talking to private companies in this sector, the deals ACQ were paying were high. So, it's hard for the deals that ACQ were making to be accretive.

specialty stores
Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$20.670
Owned Owned
No

BUY
AutoCanada Inc.(ACQ-T) 

February 23, 2018

Auto dealership group. The growth here is sort of a consolidation story. 3500 car dealerships in Canada and two-thirds are mom and pop shops. They should be OK in the near term as auto sell are running high in Canada. Lot of their sales come from Western Canada. On the valuation side he would be comfortable.

specialty stores

Auto dealership group. The growth here is sort of a consolidation story. 3500 car dealerships in Canada and two-thirds are mom and pop shops. They should be OK in the near term as auto sell are running high in Canada. Lot of their sales come from Western Canada. On the valuation side he would be comfortable.

specialty stores
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$21.240
Owned Owned
No

PAST TOP PICK
AutoCanada Inc.(ACQ-T) 

February 7, 2018

(A Top Pick Mar 2017 Up 4%) He bought this about a year ago at $21 and thought it was cheaper then. Car sales have been fantastic across Canada. There is an overhang from the previous owner having standalone dealerships, but that has now ended. However, it is a cycle business and is relatively expensive to US counterparts. Could see it hit $30 this year.   

specialty stores

(A Top Pick Mar 2017 Up 4%) He bought this about a year ago at $21 and thought it was cheaper then. Car sales have been fantastic across Canada. There is an overhang from the previous owner having standalone dealerships, but that has now ended. However, it is a cycle business and is relatively expensive to US counterparts. Could see it hit $30 this year.   

specialty stores
Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$22.170
Owned Owned
Yes

PAST TOP PICK
AutoCanada Inc.(ACQ-T) 

February 1, 2018

(A Top Pick January 16/17. Up 8.2%.) A good company. They continue to hold it as they like it long term. One of the problem they had is that the integration side of the acquisitions was not working well. They are diversifying better across Canada now. It is not only selling cars but also service of the cars.

specialty stores

(A Top Pick January 16/17. Up 8.2%.) A good company. They continue to hold it as they like it long term. One of the problem they had is that the integration side of the acquisitions was not working well. They are diversifying better across Canada now. It is not only selling cars but also service of the cars.

specialty stores
Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$23.640
Owned Owned
Yes

WATCH
AutoCanada Inc.(ACQ-T) 

January 22, 2018

It is under loved and undervalued.  They had a stumble because of the western economy.  Once you take that valuation out it takes time to get it back.  It is cheap.  There will be no magic.  It will be quarter by quarter, doing what they say they will do.  It is not for him right now but if it goes a couple of quarters and they do well AND it doesn’t move up it will be attractive.

specialty stores

It is under loved and undervalued.  They had a stumble because of the western economy.  Once you take that valuation out it takes time to get it back.  It is cheap.  There will be no magic.  It will be quarter by quarter, doing what they say they will do.  It is not for him right now but if it goes a couple of quarters and they do well AND it doesn’t move up it will be attractive.

specialty stores
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$22.710
Owned Owned
Unknown

PAST TOP PICK
AutoCanada Inc.(ACQ-T) 

December 29, 2017

(A Top Pick Dec 30/16. Up 1%.) A buyer of auto dealerships. The stock ran up to about $90 and then fell. The owners had said they were going to make 2 or 3 acquisitions annually and integrate everything, but actually made 14 acquisitions in one year, and didn't get it integrated. They were heavily invested in Alberta and BC dealerships when Alberta got hit with the oil problems. New management came in and are only doing 2 or 3 acquisitions a year. They are now doing what they had said they were going to do originally, which is why he likes the story.

specialty stores

(A Top Pick Dec 30/16. Up 1%.) A buyer of auto dealerships. The stock ran up to about $90 and then fell. The owners had said they were going to make 2 or 3 acquisitions annually and integrate everything, but actually made 14 acquisitions in one year, and didn't get it integrated. They were heavily invested in Alberta and BC dealerships when Alberta got hit with the oil problems. New management came in and are only doing 2 or 3 acquisitions a year. They are now doing what they had said they were going to do originally, which is why he likes the story.

specialty stores
Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$22.640
Owned Owned
Yes

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