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AutoCanada Inc (ACQ.TO)

ACQ.TO on Toronto Stock Exchange

11.62CAD
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Automotive Properties REIT Announces Agreements To Acquire Two Dealership Properties In Winnipeg From Autocanada
Wednesday, 27 Mar 2019 

March 26 (Reuters) - Automotive Properties REIT::AUTOMOTIVE PROPERTIES REIT ANNOUNCES AGREEMENTS TO ACQUIRE TWO DEALERSHIP PROPERTIES IN WINNIPEG FROM AUTOCANADA.AUTOMOTIVE PROPERTIES REIT - AGREEMENT EXPECTED TO BE ACCRETIVE TO REIT'S RUN-RATE ADJUSTED FUNDS FROM OPERATIONS PER UNIT ON A LEVERAGE-NEUTRAL BASIS.AUTOMOTIVE PROPERTIES REIT - TO FUND CAPITAL DEVELOPMENT EXPENSES FOR MCNAUGHT GM PROPERTY UP TO MAXIMUM OF $3 MILLION, EXPECTED TO BE UNDERTAKEN BY END OF 2021.AUTOMOTIVE PROPERTIES REIT- TO FUND CAPITAL DEVELOPMENT EXPENSES FOR ST. JAMES VW PROPERTY UP TO MAXIMUM OF $3.5 MILLION, EXPECTS TO BE UNDERTAKEN BY EARLY 2020.  Full Article

Autocanada Announces Appointment Of Special Committee
Monday, 18 Jun 2018 

June 17 (Reuters) - AutoCanada Inc ::AUTOCANADA ANNOUNCES APPOINTMENT OF SPECIAL COMMITTEE.APPOINTED A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO REVIEW STRATEGIC ALTERNATIVES.  Full Article

AutoCanada Buys Illinois Based Grossinger Auto Group For C$110 Mln
Thursday, 22 Mar 2018 

March 22 (Reuters) - Autocanada Inc ::AUTOCANADA ACQUIRES ILLINOIS BASED GROSSINGER AUTO GROUP.AUTOCANADA INC - WILL PAY APPROXIMATELY C$110 MILLION (US$86 MILLION) FOR GROSSINGER.AUTOCANADA - WILL FINANCE DEAL THROUGH FUNDS DRAWN ON SYNDICATED CREDIT FACILITY, PAYMENTS FROM RECENT DIVESTITURE OF DEALERSHIPS IN CANADA.AUTOCANADA - AGREEMENT ALSO INCLUDES 6 LUXURY, PREMIUM BRANDS IN AUTO MALL UNDER ONE ROOF IN BLOOMINGTON/NORMAL, ILLINOIS.  Full Article

Autocanada Enters Credit Agreement Providing Credit Facilities of Up To $1.08 Bln
Wednesday, 21 Mar 2018 

March 20 (Reuters) - Autocanada Inc ::AUTOCANADA ANNOUNCES NEW EXPANDED CREDIT FACILITY.‍ENTERED INTO CREDIT AGREEMENT PROVIDING SECURED CREDIT FACILITIES UP TO $1.08 BILLION.NEW FACILITY REPLACES CO'S EXISTING $550 MILLION SYNDICATED FLOORPLAN FACILITY & $250 MILLION SYNDICATED REVOLVING CREDIT AGREEMENT​.‍KEY FINANCIAL COVENANTS ASSOCIATED WITH NEW FACILITY ARE SIMILAR TO EXISTING FACILITIES THAT ARE BEING REPLACED​.  Full Article

Autocanada Reports Qtrly Adjusted Earnings Per Share $0.33
Friday, 16 Mar 2018 

March 15 (Reuters) - Autocanada Inc ::AUTOCANADA REPORTS 2017 ANNUAL AND FOURTH QUARTER RESULTS.Q4 SAME STORE SALES ROSE 11.1 PERCENT.Q4 REVENUE C$733.1 MILLION VERSUS I/B/E/S VIEW C$720.7 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $0.33.QTRLY BASIC EARNINGS PER SHARE $0.62.  Full Article

Autocanada Reaches Agreements With GM Canada And Priestner
Friday, 8 Dec 2017 

Dec 7 (Reuters) - Autocanada Inc ::AUTOCANADA REACHES AGREEMENTS WITH GM CANADA AND PRIESTNER.AUTOCANADA INC - AUTOCANADA WILL RECEIVE A ONE-TIME NET PAYMENT OF APPROXIMATELY $23 MILLION FROM CANADAONE AUTO GROUP AS PART OF TRANSACTION.AUTOCANADA INC - ANNOUNCED TWO NEW AGREEMENTS WITH GM CANADA.AUTOCANADA INC - EXECUTED PUBLIC COMPANY MASTER AGREEMENT WITH GM CANADA THAT PERMITS AUTOCANADA'S DIRECT OWNERSHIP & CONTROL OF GM CANADA DEALERSHIPS.AUTOCANADA - UNDER NEWLY NEGOTIATED DEALS, 5 DEALERSHIPS WILL BECOME MAJORITY OWNED & CONTROLLED BY AUTOCANADA & REMAINING 4 BY CANADAONE AUTO GROUP.AUTOCANADA - UNDER TERMS OF PCMA, EACH GENERAL MANAGER IN AUTOCANADA/GM CANADA DEALERSHIP TO BE REQUIRED TO OWN MINORITY EQUITY POSITION IN DEALERSHIP.  Full Article

Autocanada Q3 adjusted eps C$0.50
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Autocanada Inc -:AUTOCANADA REPORTS THIRD QUARTER 2017 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE C$0.50.Q3 REVENUE C$834.6 MILLION VERSUS I/B/E/S VIEW C$806 MILLION.Q3 EARNINGS PER SHARE VIEW C$0.49 -- THOMSON REUTERS I/B/E/S.AUTOCANADA INC-QTRLY NEW VEHICLE SALES WERE 12,014, UP 9.4% FROM 2016‍​.AUTOCANADA INC-QTRLY USED VEHICLE SALES WERE 5,118, UP 2.9% FROM THE SAME QUARTER LAST YEAR.AUTOCANADA INC SAYS ON NOV 9, 2017, BOARD DECLARED QUARTERLY ELIGIBLE DIVIDEND OF $0.10 PER COMMON SHARE ON CO'S OUTSTANDING CLASS A COMMON SHARES‍​.  Full Article

AutoCanada reports Q2 adjusted earnings per share C$0.57
Friday, 11 Aug 2017 

Aug 10 (Reuters) - AutoCanada Inc -:AutoCanada Inc reports second quarter 2017 results.Q2 revenue rose 6.3 percent.Q2 adjusted earnings per share c$0.57.Q2 earnings per share view c$0.48 -- Thomson Reuters I/B/E/S.Qtrly new vehicle unit sales were 13,429, up 11.0% from same period in 2016.Qtrly basic eps $0.91; qtrly revenue $894.9 million, up 6.3 percent.Q2 revenue view c$823.3 million -- Thomson Reuters I/B/E/S.  Full Article

AutoCanada Inc qtrly earnings per share $0.13
Friday, 5 May 2017 

May 5 (Reuters) - AutoCanada Inc :Qtrly earnings per share $0.13.Plan to spend approximately $30.9 million in 2017 on dealership relocations and expansions.Qtrly adjusted diluted earnings per share $0.17.Qtrly revenue $639,027 versus $666,872.AutoCanada inc - plan to spend approximately $30.9 million in 2017 on dealership relocations and expansions.  Full Article