Tuesday Ticker for October 13, 2026 highlights key developments in the automotive sector: Magna International scheduled its third-quarter earnings webcast for October 30, Intact Financial reported $52 million in auto catastrophe losses, and RB Global announced new executive leadership with expectations for strong full-year results.
- Magna International will release Q3 results on Oct. 30 at 8 a.m. ET, following a strong Q2 with US$11 billion in sales and 29% earnings growth
- Intact Financial estimated $52 million in personal auto catastrophe losses for Q3, with total catastrophe losses of $660 million driven by storms and wildfires
- RB Global promoted Steve Steinberg to CFO and appointed Sam Wyant as president of Auto North America, expecting 9-11% growth in gross transaction value
- AmeriTrust Financial raised $35.1 million through warrant exercises to expand vehicle leasing operations across the United States
In this week’s Tuesday Ticker, a Canadian automotive supplier schedules its next financial update, auto catastrophe losses reach $52 million at a major insurer and new executives take charge at a salvage auction operator.
Magna sets third-quarter results date
A third-quarter financial results webcast has been scheduled for Oct. 30 at 8 a.m. ET.
Officials at Magna International, the Aurora, Ont.-based automotive supplier, announced the date on Oct. 8. A recording will be available approximately two hours after the call until Nov. 6.
Magna supplies vehicle systems to automakers across North America, Europe and Asia, with operations in 28 countries.
The update follows a stronger second quarter. Sales reached US$11 billion, up 3% from a year earlier, despite a 2% decline in global light vehicle production. Adjusted earnings per share increased 29% to US$1.86. Management raised its full-year forecasts for adjusted operating margin, adjusted earnings per share and free cash flow.
“Our strong second-quarter results reflect solid operating performance, disciplined execution, and further progress against our strategic priorities,” chief executive officer Swamy Kotagiri said in the July 31 results release.
Magna shares closed at $90.82 on the Toronto Stock Exchange on Oct. 8, down $1.80 or 1.94%. The webcast announcement was issued after the market close.
Intact estimates $52 million in auto catastrophe losses
Canadian personal auto catastrophe losses have been estimated at $52 million before tax and net of reinsurance for the third quarter.
Executives at Toronto-based Intact Financial disclosed the estimate on Oct. 6. Total catastrophe losses reached approximately $660 million on the same basis.
Canadian losses accounted for $615 million, including $390 million in personal property and $173 million in commercial lines. Another $38 million came from the United Kingdom and Ireland, with $7 million from the United States.
The personal auto estimate separates vehicle losses from the property and commercial claims that accounted for most of the quarter’s catastrophe costs. Storms across several regions and wildfires in British Columbia contributed to Canadian property and commercial losses.
“At an industry level, these events reinforce firm market conditions,” chief executive officer Charles Brindamour said.
Chief financial officer Ken Anderson said catastrophe losses over the preceding 12 months totalled $1.29 billion, modestly above the annual guidance of $1.2 billion.
Intact shares closed at $242.41 on the Toronto Stock Exchange on Oct. 8, up $3.69 or 1.55%.
RB Global changes leadership
New executive appointments have been announced alongside expectations for results at the upper end of the existing 2026 forecast.
Executives at RB Global, the Canadian-incorporated parent of salvage auction operator IAA, disclosed the changes on Oct. 8. RB Global is headquartered in Westchester, Ill.
Steve Steinberg was promoted to chief financial officer. Sam Wyant was appointed president of Auto North America and International. Wyant’s responsibilities include automotive sales, seller marketing, commercial operations, strategic accounts, regional sales and international auto operations.
Outgoing chief financial officer Eric Guerin and chief operating officer Steve Lewis are departing.
“The new leadership appointments elevate outstanding, proven talent within RB Global,” chief executive officer Jim Kessler said.
Management expects full-year results at the high end of the previously disclosed ranges: 9% to 11% growth in gross transaction value and adjusted earnings before interest, taxes, depreciation and amortization of US$1.495 billion to US$1.545 billion.
RB Global shares closed at $119.60 on the Toronto Stock Exchange on Oct. 8, up $4.91 or 4.28%.
AmeriTrust adds leasing capital
Cumulative proceeds from warrant exercises have reached approximately $35.1 million, with plans to use the funds to support additional vehicle leasing.
Executives at Toronto-based AmeriTrust Financial Technologies disclosed the proceeds on Oct. 6. The TSX Venture Exchange-listed automotive finance business operates a platform connecting consumers, dealers and funders. Its platform is being made available across the United States.
Planned uses include funding new and used vehicle leases, providing collateral for financing facilities and supporting working capital. The warrants were issued through an earlier financing.
“We began restarting our leasing operations early in 2026,” chief executive officer Jeff Morgan said.
Morgan said the warrant exercises brought the cash balance above $65 million and would support a larger self-funded lease portfolio.
