AutoCanada Inc.

ACQ-T

TSE:ACQ

16.05
0.04 (0.25%)
AutoCanada is one of Canada's largest multi-location and first publicly traded franchise automobile dealership group.
More at Wikipedia

Analysis and Opinions about ACQ-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 23, 2020

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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AutoCanada Inc. (ACQ-T)
September 23, 2020

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.

HOLD
HOLD
January 6, 2020
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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AutoCanada Inc. (ACQ-T)
January 6, 2020
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)
PARTIAL SELL
PARTIAL SELL
November 19, 2019
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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AutoCanada Inc. (ACQ-T)
November 19, 2019
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.
BUY WEAKNESS
BUY WEAKNESS
November 18, 2019
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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AutoCanada Inc. (ACQ-T)
November 18, 2019
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)
DON'T BUY
DON'T BUY
July 26, 2019
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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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.
DON'T BUY
DON'T BUY
June 10, 2019
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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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.
PAST TOP PICK
PAST TOP PICK
February 27, 2019
(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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AutoCanada Inc. (ACQ-T)
February 27, 2019
(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.
DON'T BUY
DON'T BUY
February 4, 2019
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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AutoCanada Inc. (ACQ-T)
February 4, 2019
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.
SHORT
SHORT
September 27, 2018

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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AutoCanada Inc. (ACQ-T)
September 27, 2018

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.

PAST TOP PICK
PAST TOP PICK
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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

WATCH
WATCH
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.

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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.

COMMENT
COMMENT
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.

Show full opinionHide full opinion

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.

Showing 1 to 15 of 191 entries

AutoCanada Inc.(ACQ-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 4

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, 4 stock analysts published opinions about ACQ-T. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. 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 John O'Connell, CFA on 2020-09-23. 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?

4 stock analysts 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 2020-09-25, AutoCanada Inc. (ACQ-T) stock closed at a price of $16.05.