AOCIF - AutoCanada Still Appears Overvalued Even After Constant Declines
Note: all dollar figures are in Canadian dollars unless stated otherwise.
Investment Thesis
AutoCanada Inc. (AOCIF)(ACQ) is an Edmonton, Canada-based multi-location automotive dealership. The company has essentially been on a path to consolidate the fragmented auto dealership space however deteriorating margins and a failure to realize synergies has plummeted the stock price in recent years. Based on peer averages, the company still appears undervalued and we recommend investors to sit on the sidelines for now.
Source: Yahoo Finance
Company Overview
Products and services
ACQ currently operates 51 franchised dealerships in Canada and 14 in the