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
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.
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
In the last year, 2 stock analysts published opinions about ACQ-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for AutoCanada Inc..
AutoCanada Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for AutoCanada Inc..
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.
2 stock analysts on Stockchase covered AutoCanada Inc. In the last year. It is a trending stock that is worth watching.
On 2023-06-02, AutoCanada Inc. (ACQ-T) stock closed at a price of $17.66.
ACQ operates 85 auto dealerships in Canada and also in Illinois. They also operate service and repair centres, which processed 900,000 orders in 2022. Recently reported earnings showed an almost doubling of net income. It trades at 7x earnings, 1.1x book value and supports an 18% ROE. Cash reserves were steady, despite aggressively retiring debt and buying back stock. We recommend a stop-loss at $13, looking to achieve $30 -- upside over 75%. Yield 0%
(Analysts’ price target is $35.31)