Buy, Sell or Hold: AutoCanada Inc. (ACQ-T) — Stock Predictions at Stockchase

TSE:ACQ

23.65

0.39 (1.62%) 1d

Showing 1 to 15 of 197 entries

PAST TOP PICK

(A Top Pick Sep 22/21, Down 44%) Underlying trends are still solid. Trades at 6x. The war in Ukraine, further supply problems, Fed really hiking. Super cheap. Company's buying back shares. You can add on dips, be patient for a 3-5 year horizon. No dividend.

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TOP PICK

New vehicle growth is still 15% below 2019 levels, so there's still growth. He bought it at $43, and then it had a huge move yesterday. Still lots of upside. Solid balance sheet to fund acquisitions. 500 million new transactions in the pipeline. Digital strategy. Undemanding multiple of 8x. Still underowned. No dividend. (Analysts’ price target is $64.13)

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BUY

It's a volatile name, so don't be expected by recent volatility. Supplying dealerships is a problem in the near future, given the global--but temporary--chip shortage. ACQ has good price momentum and a high ROI. PE is 11x. They had a strong recent beat. However, their balance sheet is a little stretched.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Up 100% this year. A leveraged recovery play. EPS should more than double this year. Debt and execution is the main risk for the company. Balance sheet is heavily levered but its inventory has value. 20x earnings but it has beat estimates by 51%. Unlock Premium - Try 5i Free

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BUY

ROE is 15%. Earnings should rise and there should be 26% growth in 2022. Assuming the reopening happens, this is a buy. Meanwhile, the price of used cars is holding up extremely well.

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COMMENT

Evaluates on reasonable valuation, good price trend and prefer lower volatility. For ACQ, it has good price momentum and good value characteristics. 7.5x cashflow. Debt is a bit heavy. With less debt, he would look closer at it.

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DON'T BUY

A long drive ahead of it. Not the best brands in their dealership package. Overextended, so it's having a garage sale. Exposed to the west, which is struggling. Canadian consumer is one of the most indebted in the OECD. Economic cycle is still questionable. An alternative is APR.UN, with about an 8% yield. They own the dealership buildings and property and lease them. Attractive proposition.

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HOLD

He has recommended the stock. It has been a poor performer over the last few years. They released more positive earnings recently, rocketed to $14 and then pulled back to $12. Their acquisition in the US went quite poorly and the management team was discarded a year ago. It is a show me story for the market. Quantitative investors are looking at it now and boosting it. He may be looking to exit in the future but there is no reason to well at these levels. The dividend is well protected. (Analysts’ price target is $14.00)

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PARTIAL SELL

It peaked in 2014 and has fallen way off. Doesn't see a catalyst to move it higher and, no, he doesn't buy a stock on the way down. He would lighten up this position.

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BUY on WEAKNESS

Last year was a disaster for them. A US acquisition turned out not good and management was fired. This stock had a big run-up last week after results were released. Management is turning this company around. It is still undervalued. Average down at $10-$10.50 range. (Analysts’ price target is $23.63)

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DON'T BUY

He shorted this. It's fallen too far for him to short again. A beaten-up stock. They have negative ROE and EBITDA, so they'll have trouble covering their huge debt. The stock may be worthless if they re-structure. Maybe they climb out of this hole, but they could recover.

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DON'T BUY

The economy in Edmonton is not great. Car selling is competitive. ACQ-T has a lot of management turnover. He would not be into it.

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PAST TOP PICK

(A Top Pick Mar 12/18, Down 36%) Pretty much anything that could go wrong did go wrong. They overpaid for an acquisition that caused a lot of problems. He bought more on a pullback and has helped reduce the pain. He thinks the future still remains bright and will continue to hold on.

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DON'T BUY

For a 1-2 year hold? No. Car sales depend on consumer confidence, interest rates and employment. ACQ bought too many dealerships, and are now selling some of them or the land. He avoids anything exposed to the Canadian consumer because we could enter a recession.

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SHORT

She is short the stock. She doesn’t like it. It has been problematic for many years. The acquisition in the US didn’t make sense. Two months later they wrote a significant portion off.

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Showing 1 to 15 of 197 entries

AutoCanada Inc.(ACQ-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for AutoCanada Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

AutoCanada Inc.(ACQ-T) Frequently Asked Questions

What is AutoCanada Inc. stock symbol?

AutoCanada Inc. is a Canadian stock, trading under the symbol ACQ-T on the Toronto Stock Exchange (ACQ-CT). It is usually referred to as TSX:ACQ or ACQ-T

Is AutoCanada Inc. a buy or a sell?

In the last year, 1 stock analyst published opinions about ACQ-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for AutoCanada Inc..

Is AutoCanada Inc. a good investment or a top pick?

AutoCanada Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for AutoCanada Inc..

Why is AutoCanada Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is AutoCanada Inc. worth watching?

1 stock analyst on Stockchase covered AutoCanada Inc. In the last year. It is a trending stock that is worth watching.

What is AutoCanada Inc. stock price?

On 2022-10-05, AutoCanada Inc. (ACQ-T) stock closed at a price of $23.65.

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