AutoCanada Inc. (ACQ-T) Stock Predictions - Stockchase
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AutoCanada Inc. (ACQ-T)

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specialty stores

AutoCanada Inc. AutoCanada Inc.
ACQ-T

57 182
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AutoCanada Inc. (ACQ-T) SAVE

12.4

0.14 (1.12%)

Sep, 22, 2018, 12:00 am

OPINIONS

About AutoCanada Inc. (ACQ-T)

AutoCanada is one of Canada's largest multi-location and first publicly traded franchise automobile dealership group. More at Wikipedia

What the experts are saying about ACQ-T



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Signal Opinion Expert
PAST TOP PICK
AutoCanada Inc.(ACQ-T) 

August 30, 2018

(A Top Pick June 22/17 - Down 29%) Sold it a while ago. They liked the model. They made a bad deal that put him in an alert and they also bought something in the US that didn’t make sense. 

specialty stores

(A Top Pick June 22/17 - Down 29%) Sold it a while ago. They liked the model. They made a bad deal that put him in an alert and they also bought something in the US that didn’t make sense. 

specialty stores
Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$12.850
Owned Owned
No

DON'T BUY
AutoCanada Inc.(ACQ-T) 

August 28, 2018

He tends to short companies that show negative trends and he plans to stay short on this even though it has already dropped so much. It has had a few disastrous quarters in a row. There was chatter a year ago about them spinning out some real estate assets but apparently that failed. The balance sheet is now getting tight, with covenants that limit them to 4x debt to EBITDA. He thinks they’ll push up against that this quarter. He’ll stay short until they start improving their margins.

specialty stores

He tends to short companies that show negative trends and he plans to stay short on this even though it has already dropped so much. It has had a few disastrous quarters in a row. There was chatter a year ago about them spinning out some real estate assets but apparently that failed. The balance sheet is now getting tight, with covenants that limit them to 4x debt to EBITDA. He thinks they’ll push up against that this quarter. He’ll stay short until they start improving their margins.

specialty stores
James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$12.560
Owned Owned
No

DON'T BUY
AutoCanada Inc.(ACQ-T) 

August 15, 2018

He has looked closely at this recently, but feels the balance sheet is scary.  With a debt-equity of 4:1, it is too risky in the event of any recession.  They make 90% on car servicing and feels a future recession could really impact this company.  

specialty stores

He has looked closely at this recently, but feels the balance sheet is scary.  With a debt-equity of 4:1, it is too risky in the event of any recession.  They make 90% on car servicing and feels a future recession could really impact this company.  

specialty stores
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$11.660
Owned Owned
No

DON'T BUY
AutoCanada Inc.(ACQ-T) 

August 10, 2018

They exited their position when they announced an acquisition in the US a couple of months ago – and they were relieved they did so. The company reported management changes last night and took a write down on the Chicago dealership asset of $45 million – a third of the asset value. Same store sales were down again. It is a good business, but the value is not worth investing in at this point. He thinks the earnings per share will continue to decline.

specialty stores

They exited their position when they announced an acquisition in the US a couple of months ago – and they were relieved they did so. The company reported management changes last night and took a write down on the Chicago dealership asset of $45 million – a third of the asset value. Same store sales were down again. It is a good business, but the value is not worth investing in at this point. He thinks the earnings per share will continue to decline.

specialty stores
Mike Archibald

Associate , AGF Investments...

Price Price
$10.750
Owned Owned
No

WATCH
AutoCanada Inc.(ACQ-T) 

July 25, 2018

This started several years ago as a collection of Chrysler dealerships.  They made an acquisition in Chicago that has added debt and needs to be proven as being accretive.  He would watch to see how the new asset goes before buying.  

specialty stores

This started several years ago as a collection of Chrysler dealerships.  They made an acquisition in Chicago that has added debt and needs to be proven as being accretive.  He would watch to see how the new asset goes before buying.  

specialty stores
Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$14.080
Owned Owned
No

COMMENT
AutoCanada Inc.(ACQ-T) 

July 12, 2018

Has had a roller-coaster ride in the last year. It was one of the go-go stocks buying private dealerships, but they hit a downturn and then now new Management took over. He thinks new Management is eventually going to improve execution. There is concern also in terms of peak sales in automobiles. They continue to expand and diversify from Alberta. Depending on your view of auto sales you should look at the stock. 

specialty stores

Has had a roller-coaster ride in the last year. It was one of the go-go stocks buying private dealerships, but they hit a downturn and then now new Management took over. He thinks new Management is eventually going to improve execution. There is concern also in terms of peak sales in automobiles. They continue to expand and diversify from Alberta. Depending on your view of auto sales you should look at the stock. 

specialty stores
Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$15.320
Owned Owned
No

DON'T BUY
AutoCanada Inc.(ACQ-T) 

June 20, 2018

He has watched them for quite a while.  They are a consolidator in the car dealership space.  He doesn’t like the 80% decline in share price – great quality stocks don’t do this.  If the stock broke below $17 on heavy volume, he would run for the exit.  They are relatively highly leveraged and could face substantial issues during the next recession.  Yield 2%. 

specialty stores

He has watched them for quite a while.  They are a consolidator in the car dealership space.  He doesn’t like the 80% decline in share price – great quality stocks don’t do this.  If the stock broke below $17 on heavy volume, he would run for the exit.  They are relatively highly leveraged and could face substantial issues during the next recession.  Yield 2%. 

specialty stores
Jason Del Vicar

Portfolio , HollisWealth...

Price Price
$17.490
Owned Owned
No

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

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