Latest news with #AutoCanada
Globe and Mail
17 hours ago
- Automotive
- Globe and Mail
AUTOCANADA ANNOUNCES AGREEMENTS TO DIVEST 13 U.S. DEALERSHIPS
EDMONTON, AB, July 16, 2025 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it has entered into definitive agreements to sell 13 franchised dealerships in its U.S. Operations segment for expected aggregate proceeds of approximately $82.7 million which includes approximately $6.4 million for real estate.
Cision Canada
17 hours ago
- Automotive
- Cision Canada
AUTOCANADA ANNOUNCES AGREEMENTS TO DIVEST 13 U.S. DEALERSHIPS
EDMONTON, AB, July 16, 2025 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it has entered into definitive agreements to sell 13 franchised dealerships in its U.S. Operations segment for expected aggregate proceeds of approximately $82.7 million which includes approximately $6.4 million for real estate. The dealerships being sold across multiple purchasers include: Autohaus of Peoria (consisting of Audi, Mercedes-Benz, Porsche, and Volkswagen dealerships) Bloomington Automall (consisting of Audi, Lincoln, Mercedes-Benz, Subaru, and Volkswagen dealerships) Chevrolet of Palatine Crystal Lake Chrysler Dodge Jeep Ram Hyundai of Palatine North City Honda The transactions are subject to customary closing conditions, including OEM approvals, and are anticipated to close in the second half of 2025. As previously disclosed, the Company classified its U.S. Operations segment as a discontinued operation in its financial statements for the year ended December 31, 2024. AutoCanada remains actively engaged in the divestiture of its remaining four U.S. dealerships, consisting of Hyundai of Lincolnwood, Kia of Lincolnwood, Toyota of Lincoln Park, and Toyota of Lincolnwood. All dollar amounts in this press release are in Canadian dollars. Forward Looking Statements Certain statements contained in this press release are forward-looking statements and information (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. We hereby provide cautionary statements identifying important factors that could cause our actual results to differ materially from those identified in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "will continue", "is anticipated", "projection", "vision", "goals", "objective", "target", "schedules", "outlook", "anticipate", "expect", "estimate", "could", "should", "plan", "seek", "may", "intend", "likely", "will", "believe" and similar expressions) are not historical facts and are forward looking. Forward-looking statements in this press release include: the expected aggregate proceeds from the disposition transactions, the completion and the anticipated timing of completion of the disposition transactions and engagement in selling the remaining dealerships of the U.S. Operations segment. Forward-looking statements provide information about management's expectations and plans for the future and may not be appropriate for other purposes. Forward looking statements are based on various assumptions, and expectations that AutoCanada believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove correct. Those assumptions and expectations are based on information currently available to AutoCanada. AutoCanada cautions that the assumptions used to prepare such forward-looking statements could prove to be incorrect or inaccurate. AutoCanada cautions that the foregoing forward-looking statements are subject to assumptions, risks and uncertainties and our ability to mitigate and address those risks and uncertainties. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR+ website at describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The forward-looking statements contained in this press release speak only as of the date hereof and AutoCanada assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws. About AutoCanada AutoCanada's continuing operations consist of 64 franchised dealerships in Canada, comprised of 23 brands in eight provinces, as well as 29 collision centres. AutoCanada's franchised dealerships currently sell Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen branded vehicles. In 2024, our Canadian dealerships sold approximately 85,000 new and used retail vehicles. In addition, our collision centres offer an opportunity for the Company to retain customers at every touchpoint within the automotive ecosystem. AutoCanada's U.S. Operations segment, operating as Leader Automotive Group, operates 17 franchised dealerships comprised of 15 brands, in Illinois, USA. Leader currently sells Audi, Chevrolet, Chrysler, Dodge, Honda, Hyundai, Jeep, Kia, Lincoln, Mercedes-Benz, Porsche, Ram, Subaru, Toyota, and Volkswagen branded vehicles. In 2024, our U.S. dealerships sold approximately 12,900 new and used retail vehicles.
Globe and Mail
2 days ago
- Automotive
- Globe and Mail
AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q2 2025 FINANCIAL RESULTS
EDMONTON, AB, July 15, 2025 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended June 30, 2025 on Wednesday, August 13, 2025 after markets close. The Company will hold a conference call and webcast to discuss the results on Wednesday, August 13, 2025 at 4:00 p.m. Mountain Time (6:00 p.m. Eastern Time).
Cision Canada
2 days ago
- Automotive
- Cision Canada
AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q2 2025 FINANCIAL RESULTS
EDMONTON, AB, July 15, 2025 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended June 30, 2025 on Wednesday, August 13, 2025 after markets close. The Company will hold a conference call and webcast to discuss the results on Wednesday, August 13, 2025 at 4:00 p.m. Mountain Time (6:00 p.m. Eastern Time). The conference call will include prepared remarks from AutoCanada's management team. After the prepared remarks, the Company will accept questions from analysts. Date: August 13, 2025 Time: 4:00 p.m. Mountain Time (6:00 p.m. Eastern Time) Call: 1.888.510.2154 (Canada and USA) Participants are asked to call at least 10 minutes prior to the start of the call. For those unable to participate on the live call, a replay will be made available until Wednesday, August 27, 2025 by dialing 1.888.660.6345 (Canada and USA), passcode 35489. The public is invited to listen to the live conference call or the replay. This conference call will be webcast live over the internet and can be accessed by all interested parties at the following URL: For those unable to listen during the live webcast, an audio replay will be available shortly after the conclusion of the conference call for a period of 90 days. About AutoCanada AutoCanada's Canadian Operations segment operates 64 franchised dealerships in Canada, comprised of 23 brands, in eight provinces. AutoCanada currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen branded vehicles. In addition, AutoCanada's Canadian Operations segment currently operates three independent used dealerships and 12 stand-alone collision centres within our group of 29 collision centres. In 2024, our Canadian dealerships sold approximately 85,000 new and used retail vehicles. In addition, our collision centres offer an opportunity for the Company to retain customers at every touchpoint within the automotive ecosystem. AutoCanada's U.S. Operations segment, operating as Leader Automotive Group, operates 17 franchised dealerships comprised of 15 brands, in Illinois, USA. Leader currently sells Audi, Chevrolet, Chrysler, Dodge, Honda, Hyundai, Jeep, Kia, Lincoln, Mercedes-Benz, Porsche, Ram, Subaru, Toyota, and Volkswagen branded vehicles. In 2024, our U.S. dealerships sold approximately 12,900 new and used retail vehicles.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Canadian Analyst Coverage Update: July 15th, 2025
Analyst Ratings (Canada) AtkinsRéalis Group Inc. (ATRL:CA):Desjardins Securities has upgraded their target price to $115.00, maintaining a Buy rating on the stock. AutoCanada Inc. (ACQ:CA):Canaccord Genuity has raised their target price to $28.00 and continues to recommend a Buy rating for AutoCanada. B2Gold Corp. (BTO:CA):Scotia Capital has maintained a Sector Perform rating on B2Gold, with a target price of $5.50. Badger Infrastructure Solutions Ltd. (BDGI:CA):Canaccord Genuity has increased their target price to $60.00 and maintains a Buy rating. BCE Inc. (BCE:CA):Scotia Capital has raised their target price to $39.50 for BCE Inc. Blue Lagoon Resources (BLLG:CA):Fundamental Research has initiated coverage on Blue Lagoon Resources with a Buy rating and a target price of $1.11. Cameco Corp. (CCA:CA):Scotia Capital has raised their target price for Cameco to $75.50. Cineplex Inc. (CGX:CA):TD Securities/Cowen have maintained their Buy rating with a target price of $16.00. Coelacanth Energy Inc. (CEI:CA):Roth Capital has initiated coverage on Coelacanth Energy with a Buy rating and a target price of $1.05. Collective Mining (CNL:CA):Scotia Capital has maintained an Outperform rating on Collective Mining, with a target price of $15.00. Definity Financial (DFY:CA):CIBC has maintained a Neutral rating for Definity Financial, setting a target price of $80.00. Exchange Income Corp. (EIF:CA):BMO Capital Markets has initiated a Market Perform rating with a target price of $59.00. Granite REIT (GRT-UN:CA):Scotia Capital has maintained an Outperform rating with a target price of $80.00. Inplay Oil Corp. (IPO:CA):Roth Capital has initiated coverage on Inplay Oil with a Buy rating and a target price of $18.00. Intact Financial Corp. (IFC:CA):CIBC has maintained a Neutral rating with a target price of $315.00 for Intact Financial. InterRent REIT (IIP-UN:CA):TD Securities/Cowen has downgraded InterRent REIT to a Sell rating, setting a target price of $13.55. Logan Energy Corp. (LGN:CA):Roth Capital has initiated a Buy rating on Logan Energy with a target price of $1.20. Maple Leaf Foods (MFI:CA):TD Securities/Cowen have raised their target price to $41.00, maintaining a Buy rating. MTY Food Group Inc. (MTY:CA):Acumen Capital has lowered their target price to $50.00 while maintaining a Buy rating. RBC Capital has also reduced the target price to $48.00. PrairieSky Royalty Ltd. (PSK:CA):TD Securities/Cowen has maintained a Buy rating with a target price of $27.00. CIBC maintains a Neutral rating on PrairieSky Royalty Ltd. with a target price of $28.00. Scotia Capital maintains a Sector Perform rating on PrairieSky Royalty Ltd., with a target price of $28.00 as well. Quebecor Inc. (QBR-B:CA):TD Securities/Cowen have maintained their Buy rating on Quebecor with a target price of $46.00. Scotia Capital has raised their target price to $40.50, but the rating remains unlisted. Richelieu Hardware (RCH:CA):CIBC has downgraded their rating to Neutral with a target price of $37.00. RioCan REIT (REI-UN:CA):National Bank has upgraded their rating to Outperform with a target price of $19.00. Rogers Communication (RCI-B:CA):Scotia Capital has raised their target price to $49.00,. Saturn Oil & Gas Inc. (SOIL:CA):Roth Capital has initiated coverage on Saturn Oil & Gas with a Buy rating and a target price of $6.00. Stella-Jones Inc. (SJ:CA):RBC Capital has raised the target price to $82.00. Suncor Energy Inc. (SU:CA):Jefferies & Co. has increased the target price to $53.00 for Suncor. Surge Energy Inc. (SGY:CA):Roth Capital has initiated coverage on Surge Energy with a Buy rating and a target price of $8.50. Teck Resources Ltd. (TECK-B:CA):Morningstar has maintained a Hold rating for Teck Resources with a target price of $48.00. Telus Inc. (T:CA):Scotia Capital has raised their target price for Telus to $25.00. Thomson Reuters Corp. (TRI:CA):TD Securities/Cowen have raised the target price for Thomson Reuters to $305.00, maintaining a Hold rating. Versamet Royalties Corp. (VMET:CA):Ventum Financial has initiated coverage on Versamet Royalties with a Buy rating and a target price of $2.00.
