Toronto, Ontario -- AutoCanada Inc. is buying back about 10 percent of its total number of publicly traded shares.
The company has received approval from the Toronto Stock Exchange to proceed with a share buyback program that will allow the company to repurchase up to 1,177,539 common shares. As of December 15, 2025, the company had 11,775,396 common shares issued and outstanding.
The program is scheduled to begin December 18, 2025 and will remain in place until December 17, 2026, unless the maximum number of shares is purchased earlier or the program is terminated ahead of schedule.
Under the program, shares will be purchased on the open market through the Toronto Stock Exchange or other Canadian trading platforms, at prevailing market prices and in accordance with securities laws and TSX policies.
AutoCanada will be limited to purchasing no more than 13,015 shares per day. That figure represents 25 percent of the company’s average daily trading volume for the six months ended November 30, 2025, which totalled 52,063 shares. The limit does not apply to certain large block purchases permitted under TSX rules.
Share buybacks are commonly used by publicly traded companies to reduce the number of shares available for trading. With fewer shares outstanding, the value of remaining shares can increase if financial performance remains unchanged. Buybacks are also used as an alternative to dividends, allowing capital to be returned to shareholders while maintaining flexibility over timing and amount.
According to the company’s disclosure, the buyback is intended to address periods when the trading price of its shares does not reflect underlying business value or future prospects, and to deploy capital in a manner intended to benefit shareholders.
