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AutoCanada Inc (ACQ.TO)

ACQ.TO on Toronto Stock Exchange

8.92CAD
23 Aug 2019
Change (% chg)

$-0.10 (-1.11%)
Prev Close
$9.02
Open
$9.00
Day's High
$9.07
Day's Low
$8.79
Volume
70,524
Avg. Vol
102,337
52-wk High
$13.92
52-wk Low
$8.36

Latest Key Developments (Source: Significant Developments)

AutoCanada Announces Sale-Leaseback Transaction With Capital Automotive
Friday, 23 Aug 2019 

Aug 23 (Reuters) - AutoCanada Inc ::AUTOCANADA ANNOUNCES SALE-LEASEBACK TRANSACTION WITH CAPITAL AUTOMOTIVE.AUTOCANADA INC - TRANSACTION PROVIDES FOR PROCEEDS OF APPROXIMATELY $20 MILLION.AUTOCANADA INC - PROCEEDS OF TRANSACTION WILL BE USED TO REPAY COMPANY'S CREDIT FACILITY.AUTOCANADA - COMPLETED SALE-LEASEBACK TRANSACTION FOR 2 PROPERTIES ON WHICH 3 OF DEALERSHIPS ARE LOCATED WITH CAPITAL AUTOMOTIVE REAL ESTATE SERVICES.  Full Article

Autocanada Q2 Loss Per Share C$0.16
Friday, 9 Aug 2019 

Aug 8 (Reuters) - AutoCanada Inc ::AUTOCANADA REPORTS 2019 SECOND QUARTER RESULTS.Q2 REVENUE C$945.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$910.8 MILLION.Q2 LOSS PER SHARE C$0.16.Q2 EARNINGS PER SHARE ESTIMATE C$0.27 -- REFINITIV IBES DATA.AS PART OF PLAN TO OPTIMIZE U.S. DEALERSHIP PORTFOLIO, CO ACTIVELY ENGAGED IN SEEKING BUYERS FOR FOUR OF ITS U.S. DEALERSHIPS.QTRLY TOTAL VEHICLES SOLD INCREASED TO 19,353, AN INCREASE OF 4.3%.  Full Article

Autocanada Appoints Mike Borys As New Chief Financial Officer
Friday, 5 Jul 2019 

July 4 (Reuters) - AutoCanada Inc ::AUTOCANADA ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER.AUTOCANADA INC - HAS APPOINTED MIKE BORYS AS ITS CHIEF FINANCIAL OFFICER, EFFECTIVE AUGUST 12, 2019.  Full Article

Autocanada Reports 2018 Annual And Fourth Quarter Results
Friday, 15 Mar 2019 

March 14 (Reuters) - AutoCanada Inc ::AUTOCANADA REPORTS 2018 ANNUAL AND FOURTH QUARTER RESULTS.Q4 REVENUE C$782.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$762.1 MILLION.Q4 SAME STORE SALES FELL 3 PERCENT.Q4 ADJUSTED LOSS PER SHARE C$0.98 INCLUDING ITEMS.Q4 EARNINGS PER SHARE ESTIMATE C$0.25 -- REFINITIV IBES DATA.Q4 NEW VEHICLE SALES WERE 10,331, UP 5.2% FROM SAME PERIOD IN 2017.RAJ JUNEJA HAS RESIGNED FROM HIS POSITION AS CHIEF FINANCIAL OFFICER FOR PERSONAL REASONS.Q4 USED VEHICLE SALES WERE 5,693, UP 22.4% COMPARED WITH SAME QUARTER LAST YEAR.RAJ JUNEJA WILL REMAIN AS AN ADVISOR TO EFFECT AN ORDERLY TRANSITION.Q4 REVENUE FROM SALE OF USED VEHICLES WAS $193.0 MILLION, UP 10.1% FROM SAME QUARTER LAST YEAR.Q4 REVENUE FROM SALE OF NEW VEHICLES WAS $432.8 MILLION, UP 3.6% FROM SAME PERIOD IN 2017.  Full Article

Patrick Priestner Responds To Autocanada' Statement
Thursday, 7 Feb 2019 

Feb 6 (Reuters) - PATRICK PRIESTNER::PATRICK PRIESTNER, CEO OF CANADA ONE AUTO GROUP, IN RESPONSE TO STATEMENT OF CLAIM FILED BY AUTOCANADA, SAYS "CLAIMS ARE COMPLETELY WITHOUT MERIT".PATRICK PRIESTNER SAYS EXPLORING ALL LEGAL OPTIONS AGAINST AUTOCANADA.  Full Article

Autocanada Says Commenced Legal Proceedings Against Patrick Priestner And His Holding Companies
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - AutoCanada Inc ::AUTOCANADA - COMMENCED LEGAL PROCEEDINGS AGAINST PATRICK PRIESTNER AND HIS HOLDING COMPANIES, INCLUDING CANADA ONE AUTO GROUP LTD.AUTOCANADA INC - CLAIMS THAT DURING FORMER CEO PRIESTNER'S TENURE WITH CO, "HE BREACHED HIS FIDUCIARY AND OTHER DUTIES" TO AUTOCANADA.AUTOCANADA - CLAIMING THAT PRIESTNER APPROPRIATED CORPORATE OPPORTUNITIES OF CO TO ACQUIRE DEALERSHIPS PRIVATELY THROUGH CANADA ONE AUTO GROUP.AUTOCANADA - CLAIMING THAT PRIESTNER APPROPRIATED CORPORATE OPPORTUNITIES OF CO TO ACQUIRE DEALERSHIPS PRIVATELY THROUGH HIS OTHER HOLDING COS.AUTOCANADA - REMEDIES SOUGHT INCLUDE ACCOUNTING OF PROFITS, DAMAGES, DECLARATION OVER DEALERSHIPS BOUGHT BY DEFENDANTS FROM PRIESTNER'S CONDUCT.  Full Article

AutoCanada Agrees To Acquire Rose City Ford In Windsor
Tuesday, 20 Nov 2018 

Nov 19 (Reuters) - AutoCanada Inc ::AUTOCANADA AGREES TO ACQUIRE ROSE CITY FORD IN WINDSOR.AUTOCANADA INC - HAS AGREED TO ACQUIRE FORD DEALERSHIP ROSE CITY FORD SALES LIMITED.AUTOCANADA - FORD MOTOR COMPANY OF CANADA, LIMITED AND AUTOCANADA HAVE SIGNED A LETTER OF INTENT WITH RESPECT TO FUTURE OPERATION OF ROSE CITY FORD.  Full Article

AutoCanada Qtrly Adjusted Loss Per Share $0.02
Friday, 9 Nov 2018 

Nov 8 (Reuters) - AutoCanada Inc ::AUTOCANADA REPORTS 2018 THIRD QUARTER RESULTS.Q3 REVENUE C$866.9 MILLION VERSUS I/B/E/S VIEW C$844.2 MILLION.Q3 SAME STORE SALES FELL 3 PERCENT.QTRLY ADJUSTED LOSS PER SHARE $0.02.AUTOCANADA- TO ENTER INTO SALE-LEASEBACK TRANSACTIONS IN RESPECT OF CERTAIN OF ITS DEALERSHIP PROPERTIES, FOR PURCHASE PRICE OF UP TO $50 MILLION IN Q4 2018.  Full Article

Automotive Properties REIT Announces Acquisition Of Two Dealership Properties From Autocanada And $55 Mln Equity Offering
Wednesday, 26 Sep 2018 

Sept 25 (Reuters) - Automotive Properties Real Estate Investment Trust ::AUTOMOTIVE PROPERTIES REIT ANNOUNCES ACQUISITION OF TWO DEALERSHIP PROPERTIES FROM AUTOCANADA AND $55 MILLION EQUITY OFFERING.AUTOMOTIVE PROPERTIES REIT - ALSO ENTERED INTO AN AGREEMENT TO SELL 5.1 MILLION UNITS ON A BOUGHT DEAL BASIS AT A PRICE OF $10.80 PER UNIT.AUTOMOTIVE - ADDITIONS OF BMW LAVAL PROPERTY & SHERWOOD PARK VW PROPERTY ARE EXPECTED TO BE MODERATELY ACCRETIVE TO CO'S RUN-RATE AFFO/UNIT ON LEVERAGE-NEUTRAL BASIS.AUTOMOTIVE - EXPECTS TO FINANCE DEAL THROUGH EXISTING REVOLVING CREDIT FACILITIES; REVOLVING CREDIT FACILITY TO BE PUT IN PLACE IN CONJUNCTION WITH DEAL.  Full Article

Autocanada Announces Acquisition Of Mercedes-Benz Heritage Valley In Edmonton
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - AutoCanada Inc ::AUTOCANADA ANNOUNCES ACQUISITION OF MERCEDES-BENZ HERITAGE VALLEY IN EDMONTON.  Full Article

CANADA STOCKS-TSX futures fall after Trump vows China tariff hike

May 6 Futures for Canada's main stock index fell on Monday after U.S. President Donald Trump threatened to raise tariffs on China, triggering a global rout in risky assets.