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AutoCanada Inc (ACQ.TO)

ACQ.TO on Toronto Stock Exchange

11.10CAD
17 May 2019
Change (% chg)

$0.05 (+0.45%)
Prev Close
$11.05
Open
$11.03
Day's High
$11.15
Day's Low
$11.00
Volume
81,804
Avg. Vol
118,427
52-wk High
$18.00
52-wk Low
$8.36

Latest Key Developments (Source: Significant Developments)

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
Wednesday, 6 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
Monday, 19 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
Tuesday, 25 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

AutoCanada Says Raj Juneja Appointed Chief Financial Officer
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - AutoCanada Inc ::AUTOCANADA ANNOUNCES EXECUTIVE APPOINTMENTS.RAJ JUNEJA HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER.MICHAEL CUNNINGHAM HAS BEEN APPOINTED AS VICE-PRESIDENT, FINANCE AND CHIEF FINANCIAL OFFICER, UNITED STATES.PETER HONG HAS BEEN APPOINTED AS CHIEF STRATEGY OFFICER AND GENERAL COUNSEL.  Full Article

Autocanada Reaches Agreements With GM Canada And Priestner
Thursday, 7 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

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.