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  5. ACQ: With new cars sales now being a car dealers seller’s market (as opposed to a buyer’s market where there are more new cars available than prospective buyers), are there Canadian stocks that speciali... [AutoCanada Inc.]
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Investment Q&A

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Q: With new cars sales now being a car dealers seller’s market (as opposed to a buyer’s market where there are more new cars available than prospective buyers), are there Canadian stocks that specialize in car dealerships. Thanks … Cal

Asked by cal on November 24, 2022
5i Research Answer:

The largest public company is ACQ. Market cap $675M, 7X earnings, down 38% this year. Solid earnings growth is expected in 2023 but debt is very high, at more than 10X cash flow.