Lee Wittick - Autocanada Senior Relations

ACQ Stock  CAD 18.87  0.07  0.37%   

Executive

Lee Wittick is Senior Relations of Autocanada
Address 200, 15511 123 Avenue Northwest, Edmonton, AB, Canada, T5V 0C3
Phone780-851-9923
Webhttps://www.autocan.ca

Autocanada Management Efficiency

The company has return on total asset (ROA) of 0.0267 % which means that it generated a profit of $0.0267 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0662) %, meaning that it generated substantial loss on money invested by shareholders. Autocanada's management efficiency ratios could be used to measure how well Autocanada manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Tangible Assets is likely to grow to 0.02. Also, Return On Capital Employed is likely to grow to 0.15. At this time, Autocanada's Return On Tangible Assets are very stable compared to the past year. As of the 22nd of November 2024, Intangibles To Total Assets is likely to grow to 0.28, while Non Currrent Assets Other are likely to drop about 2.1 M.
Autocanada has accumulated 2.23 B in total debt with debt to equity ratio (D/E) of 4.73, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Autocanada has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Autocanada until it has trouble settling it off, either with new capital or with free cash flow. So, Autocanada's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Autocanada sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Autocanada to invest in growth at high rates of return. When we think about Autocanada's use of debt, we should always consider it together with cash and equity.

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AutoCanada Inc., through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick, Canada and Illinois, the United States. AutoCanada Inc. was incorporated in 2009 and is headquartered in Edmonton, Canada. AUTOCANADA INC operates under Auto Truck Dealerships classification in Canada and is traded on Toronto Stock Exchange. It employs 2550 people. Autocanada (ACQ) is traded on Toronto Exchange in Canada and employs 21 people. Autocanada is listed under Automotive Retail category by Fama And French industry classification.

Management Performance

Autocanada Leadership Team

Elected by the shareholders, the Autocanada's board of directors comprises two types of representatives: Autocanada inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Autocanada. The board's role is to monitor Autocanada's management team and ensure that shareholders' interests are well served. Autocanada's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Autocanada's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jim Douvas, Vice Operations
Elias Olmeta, Independent Director
Jennifer Lennox, Vice Culture
Jeffrey Thorpe, President Operations
Paul Antony, Executive Chairman of the Board
Lee Wittick, Senior Relations
Michael Borys, Chief Financial Officer
Cynthia Hill, Vice Sustainability
Tamara Darvish, President - U.S. Operations
Barry James, Independent Director
Stephen Green, Independent Director
Michael Cunningham, Vice President - Finance and Chief Financial Officer - United States
Brian Feldman, VP Technologies
Peter Hong, Chief Strategy Officer, General Counsel
Dennis DesRosiers, Independent Director
Kevin McPherson, Director Fin
Maryann Keller, Lead Independent Director
Drew Forret, Chief Officer
Casey Charleson, Vice Finance
Samuel Cochrane, Chief Officer
Michael Rawluk, President, Director

Autocanada Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Autocanada a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Autocanada

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Autocanada position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Autocanada will appreciate offsetting losses from the drop in the long position's value.

Moving against Autocanada Stock

  0.49MFC-PC Manulife Finl SrsPairCorr
The ability to find closely correlated positions to Autocanada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autocanada when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Autocanada - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Autocanada to buy it.
The correlation of Autocanada is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Autocanada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autocanada moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Autocanada can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Autocanada Stock

Autocanada financial ratios help investors to determine whether Autocanada Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Autocanada with respect to the benefits of owning Autocanada security.