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AutoCanada Inc (ACQ.TO)

ACQ.TO on Toronto Stock Exchange

21.50CAD
6:52pm BST
Change (% chg)

$1.21 (+5.96%)
Prev Close
$20.29
Open
$20.35
Day's High
$21.60
Day's Low
$20.30
Volume
1,861,630
Avg. Vol
82,565
52-wk High
$26.11
52-wk Low
$17.46

Latest Key Developments (Source: Significant Developments)

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
Tuesday, 20 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
Thursday, 15 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
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

AutoCanada reports Q2 adjusted earnings per share C$0.57
Thursday, 10 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

Autocanada Inc expands luxury brand portfolio with the acquisition of Mercedes-Benz Rive-Sud
Tuesday, 11 Apr 2017 

Autocanada Inc :Autocanada Inc announces expansion of luxury brand portfolio with the acquisition of Mercedes-Benz Rive-Sud.  Full Article

AutoCanada Q4 adjusted earnings per share C$0.28
Friday, 17 Mar 2017 

AutoCanada Inc : Autocanada inc. Announces 2016 annual and fourth quarter results . Q4 same store sales fell 10 percent . Autocanada inc - q4 revenue from existing and new dealerships decreased by 6.4%, to $629.3 million in q4 of 2016 . Q4 adjusted earnings per share c$0.28 . Qtrly basic earnings per share of $0.50 . Free cash flow increased to $23.4 million in q4 of 2016 as compared to $9.1 million last year . Anticipate same-store sales results will continue to be impacted in 2017 by depressed alberta economy . Autocanada inc - plans to spend approximately $30.9 million in 2017 on dealership relocations and undertaking expansions .Qtrly diluted earnings per share $0.50.  Full Article

Autocanada reports adj earnings per share of $0.38
Friday, 4 Nov 2016 

Autocanada Inc : Qtrly adjusted diluted earnings per share $0.38 . Says despite current economic headwinds, we continue to run profitable dealerships in all of our markets . Says Q4 is likely to continue to be challenging from an automotive industry standpoint . For quarter, overall Canadian new vehicle sales declined by 1.7% . Autocanada Inc announces Q3, 2016 quarterly results .Q3 revenue C$753.2 million versus I/B/E/S view C$762.9 million.  Full Article

CANADA STOCKS-TSX futures dip on trade war fears

March 23 Futures for Canadian main stock index fell on Friday on rising fears of a global trade war after U.S. President Donald Trump announced tariffs on Chinese goods.