Well this a knee jerk look at it, with a 15 minute analysis
market cap is 18 million, shareholder equity is 25 million (68 mil less 43 mil in intangibles), so from a book value perspective that looks alright.
I guess for 18 million dollars you are buying 22 auto dealerships, so you are paying 818 000 per auto dealership.
From a business model standpoint, I suspect there are some reasons auto dealerships are franchise operations instead of directly owned by auto manufacturers... I suspect one of the reasons is that each franchisee is a form of owner, which gives them a lot of incentive to work hard, think, etc.
I'm not sure to what degree the effectiveness or value of that is diminished under this trust structure. This would worry me; the structure might not be ideal for this type of business. Maybe there's a reason they are the only one of their type in Canada... maybe the reason is that long term the structure doesn't work.
That's a 15 minute 2 cent opinion
Research until your head hurts then scream Banzai!!! and charge fearlessly to victory or death!