AutoCanada Inc.

Equities

ACQ

CA05277B2093

Auto Vehicles, Parts & Service Retailers

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-06-28 EDT			5-day change	1st Jan Change
19.23 ^CAD	-1.74%		-2.83%	-16.03%

06-25	Update On AutoCanada: BuysNurse Chevrolet Cadillac Dealership and Collison Centre In Whityby, Ontario; Provides Update On Cyber Security Incident	MT
06-25	AutoCanada Provides Update On Cyber Security Incident	MT

AutoCanada Inc. acquired Nurse Chevrolet Cadillac Ltd. from Nurse family.

June 24, 2024

AutoCanada Inc. (TSX:ACQ) acquired Nurse Chevrolet Cadillac Ltd. from Nurse family on June 25, 2024. The transaction will be funded using the Company?s credit facility and is expected to be accretive to 2024 earnings. The current management team of Nurse Chevrolet Cadillac Ltd. will continue to operate the business going forward. The dealership and collision center currently generates annual revenues in excess of $80 million.

AutoCanada Inc. (TSX:ACQ) completed the acquisition of Nurse Chevrolet Cadillac Ltd. from Nurse family on June 25, 2024.

Latest news about AutoCanada Inc.

Update On AutoCanada: BuysNurse Chevrolet Cadillac Dealership and Collison Centre In Whityby, Ontario; Provides Update On Cyber Security Incident	06-25	MT
AutoCanada Provides Update On Cyber Security Incident	06-25	MT
AutoCanada Inc. acquired Nurse Chevrolet Cadillac Ltd. from Nurse family.	06-24	CI
AutoCanada CFO Resigns, Replacement Named	06-04	MT
AutoCanada Brief: Samuel Cochrane will be appointed as the new Chief Financial Officer effective on June 30, 2024	06-04	MT
AutoCanada Brief: Azim Lalani will continue to be available to the Company for six months after the effective date to assist with the transition	06-04	MT
AutoCanada Brief: Azim Lalani has resigned from his position as Chief Financial Officer for personal reasons effective June 30, 2024, and will be relocating back to Vancouver	06-04	MT
AutoCanada Inc. Announces Chief Financial Officer Changes, Effective June 30, 2024	06-04	CI
AutoCanada Downgraded to Underperformer at CIBC Following Q1 Results	05-03	MT
AutoCanada Inc. Approves the Election of Paul Antony, Stephen Carlisle and Christopher Harris as Directors	05-02	CI
Transcript : AutoCanada Inc. - Shareholder/Analyst Call	05-02
Transcript : AutoCanada Inc., Q1 2024 Earnings Call, May 02, 2024	05-02
AutoCanada Swings To Q1 Loss	05-02	MT
Correction: -- AutoCanada Brief: Was National Bank Commentary on Air Canada AC, Not AutoCanada ACQ	05-02	MT
AutoCanada Brief: National Bank Maintains Its Outperform rating and $31.00 target on Air Canada shares while It reviews Its model	05-02	MT
North American Morning Briefing : Stock Futures -2-	05-02	DJ
Tranche Update on AutoCanada Inc.'s Equity Buyback Plan announced on March 7, 2024.	05-02	CI
AutoCanada Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-02	CI
AutoCanada Brief: Q1 Diluted earnings (loss) per share was $(0.10) as compared to $0.32 in the prior year	05-02	MT
AutoCanada Extends Credit Facility Maturity Date and Boosts Amount to $1.635 Billion	04-23	MT
AutoCanada Brief: Amending Its Credit Facility, Including Extending Maturity Date and Updating Facility to $1.635 Billion	04-23	MT
AutoCanada Inc. Announces Amendments to its Credit Facility Including Extending the Maturity Date and Upsizing the Facility to $1.635 Billion	04-23	CI
AutoCanada Entered Into Automatic Share Purchase Plan	03-27	MT
AutoCanada Inc. Announces Retirement of Directors	03-26	CI
BMO Reviews AutoCanada's Q4 -- Trims Target by $1, to $23	03-08	MT

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Company Profile

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. It offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services. Its segments include Canadian Operations and U.S. Operations. It operates over 85 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States. It sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Acura, Honda and Porsche branded vehicles. Its Canadian Operations segment operates three used vehicle dealerships and one used vehicle auction business supporting the Used Digital Division, 13 RightRide division locations, and 11 stand-alone collision centers within its group of 28 collision centers.

Sector

Auto Vehicles, Parts & Service Retailers

Calendar

2024-08-07 - Q2 2024 Earnings Release (Projected)

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Income Statement Evolution

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Analysis / Opinion

AutoCanada Brief: Keeps Sector Perform Rating But Has Target Cut To C$28 From $37 at National Bank, Which Says "Prefer To Watch From the Sidelines" As Q3-22 Results Show Margins Have Peaked

November 10, 2022 at 03:42 pm

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Ratings for AutoCanada Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

19.57 CAD

Average target price

21.73 CAD

Spread / Average Target

+11.05%

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EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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