$ACQ.TO

AutoCanada Completes Acquisition of Mascarin Collision Centre

AutoCanada (ACQ.TO) on Wednesday announced the completion of its acquisition of Mascarin Collision Centre, a collision repair business based in Thunder Bay, Ontario.The business holds OEM certifications across more than 10 brands, including Volkswagen, Honda, Toyota, Ford, General Motors, and Subaru, said the company, and added that Mascarin is the only General Motors-certified collision repair facility in Northwestern Ontario."Mascarin Collision Centre is an excellent addition to our growing collision platform," said Samuel Cochrane, Chief Executive Officer and Interim Chief Financial Officer of AutoCanada. "The business has built a trusted reputation over decades of serving customers and maintaining strong relationships with insurers and OEM partners. Its experienced team, strong market position, and OEM-certified capabilities provide a solid foundation for future growth."Price: $22.71, Change: $+0.04, Percent Change: +0.18%

AutoCanada Expands Collision Platform With Acquisition of Contemporary Coachworks in Calgary

AutoCanada (ACQ.TO) announced Monday the completion of its acquisition of Contemporary Coachworks.Contemporary Coachworks is a Calgary-based collision repair business with more than 40 years of operating history and a "strong reputation" for OEM-certified luxury vehicle repairs, stated the company. The business operates two facilities serving north and south Calgary and adds approximately 30,000 square feet of collision repair capacity to AutoCanada's network, the company said.Contemporary Coachworks holds certifications across 15 OEM brands, including Tesla, BMW, Mercedes-Benz, Lexus, Volvo, Acura and Volkswagen, AutoCanada added.The acquisition advances AutoCanada's strategy to expand and strengthen its collision platform while establishing its "first luxury collision repair presence" in Calgary and enhancing its position in "one of Canada's largest automotive markets," said the company."Contemporary Coachworks is an excellent addition to our growing collision platform," said Samuel Cochrane, Chief Executive Officer and Interim Chief Financial Officer of AutoCanada. "The business has built a strong reputation for quality repairs, customer service and OEM-certified expertise. This acquisition expands our presence in Calgary, strengthens our luxury collision capabilities, and creates opportunities to enhance our collision operations through shared best practices and our OEM and insurance relationships."The company's shares were last seen up $0.23 at $21.60 on the Toronto Stock Exchange.Price: $21.60, Change: $+0.23, Percent Change: +1.08%

AutoCanada Price Target Raised to $23 at RBC

RBC Capital Markets raised its price target on AutoCanada Inc. (ACQ.TO) to $23 from $18 on Tuesday.Analyst Sabahat Khan maintained a Sector Perform rating on shares of the Canadian multi-location automobile dealership group following its quarterly results."ACQ reported Q1 Adj. EBITDA/EPS above consensus, while top-line and GPU trends remain soft (SSS was -4.3% YoY on weaker new/used vehicle volumes)," Khan said in a note to clients."2026 outlook calls for GPUs to remain weak through H1/26 (Used car GPU expected to normalize in H2/26 and ~9-12 months for new car and parts and service recovery)," the analyst said."Overall, we remain on the sidelines in search of better visibility and an inflection in underlying results."

AutoCanada Target Raised To C$22 From $20, Keeps Neutral Rating at CIBC Which Says "Recovery Still In Early Innings While Macro Risks Build"

AutoCanada Target Raised To C$22 From $20, Keeps Neutral Rating at CIBC Which Says "Recovery Still In Early Innings While Macro Risks Build"

Earnings Flash (ACQ.TO) AutoCanada Reports Q1 Revenue $1.19B, vs. $1.24 a Year Ago

AutoCanada Appoints Mike Woodward as Chief Financial Officer

AutoCanada (ACQ.TO) appointed Mike Woodward as chief financial officer, effective July 6, 2026, the company said on Thursday.He has more than 18 years of financial leadership experience across public and private companies, stated the company.Most recently, he served as CFO of the Canada Enterprise Emergency Funding Corporation (CEEFC). He has also served as CFO of Lynx Air and Campus Energy previously.Earlier in his career, Woodward held senior roles in investment banking at Bank of Montreal (BMO.TO) and CIBC World Markets, advising on a range of M&A and capital markets transactions."Mike brings a strong combination of financial discipline, strategic insight, and operational experience," said Samuel Cochrane, Chief Executive Officer and Interim Chief Financial Officer of AutoCanada. "We look forward to his contributions and are pleased to welcome him to the AutoCanada team as we continue to execute on our strategic initiatives."The company's shares were last seen down $0.09 at $22.35 on the Toronto Stock Exchange.Price: $22.52, Change: $+0.08, Percent Change: +0.36%

CIBC Provides its Q1/26 Auto Preview

CIBC Capital Markets released its "Q1/26 Auto Preview".Auto names have been volatile since the start of the Iran War, which has understandably turned the market's focus back to macro risks," noted CIBC."Shares have begun to price in more optimistic outcomes for the conflict, though we worry this could prove premature," said CIBC.CIBC does not believe the risk lies with Q1 results, which it said, do not appear to have been impacted by the war, and which should reflect industry sales and production that fell largely in line with expectations, it noted.CIBC does not expect the suppliers to change guidance with Q1 reporting, but noted "the longer the war endures, the greater the risks become"."We continue to view valuations as undemanding, but macro events will likely continue to create near-term volatility, and we acknowledge elevated risks that lower visibility," said CIBC.Resolutions to the Iran War and USMCA negotiations are "key catalysts for the sector", and would help return attention to positive fundamental developments, added CIBC.CIBC's estimates, ratings and price targets are unchanged, and it said that Linamar (LNR.TO) remains its "top autos pick".Price: $23.28, Change: $+0.25, Percent Change: +1.09%

AutoCanada Amends and Restates Credit Agreement

AutoCanada (ACQ.TO) entered into an amended and restated credit agreement, providing about $1.38 billion in total committed facilities, it said overnight Wednesday.The amended credit agreement is effective as of April 22 and extends the maturity of its senior credit facilities to Nov. 22, 2028, from Apr. 22, 2027. The amendment also reflects a revised facility structure, including a reduction in revolving floorplan financing capacity to $1.0 billion from $1.22 billion.The agreement also simplifies its capital framework through the removal of the borrowing base and goodwill-based revolving credit structure, and includes updates to the pricing grid, increased financial covenant thresholds, changes to the definition of Bank EBITDA to expand allowable addbacks, and other administrative amendments, the company said. The credit facilities are expected to be used for general corporate needs.Shares of the company closed up 3.5% to $23.03 on Wednesday on the Toronto Stock Exchange.

AutoCanada Amended and Restated Credit Agreement, Providing Near $1.38B In Total Committed Facilities

AutoCanada Completes Sale Of Hyundai Of Lincolnwood Dealership

AutoCanada (ACQ.TO) Monday said it completed the sale of Hyundai of Lincolnwood, in Lincolnwood, Illinois, which was a part of the U.S. dealerships reclassified as discontinued operations at year-end 2024.The company said it received about $3.3 million in cash for goodwill and fixed assets, excluding inventory and net working capital. Proceeds will be directed towards reducing the outstanding balance of its revolving credit facility."The sale of Hyundai Lincolnwood represents further advancement in the Company's strategy to divest its U.S. Operations segment, enhance overall profitability, and lower leverage," said AutoCanada in a statement."Following the classification of the U.S. segment as discontinued operations at the end of 2024, the Company has realized approximately $65.8 million in gross proceeds, net of working capital, from the divestiture of U.S. assets."AutoCanada said it continues to expect proceeds from the sale of all its U.S. dealerships to be at the upper end of its previously disclosed $115 million to $130 million range. The U.S. dealership portfolio generated a net loss from discontinued operations of $103.4 million in 2024.Shares of the company closed up 1.8% to $21.1 on Friday on the Toronto Stock Exchange.

AutoCanada Advancing U.S. Exit Strategy With Sale of Hyuandai of Lincolnwood