Cash Back: AutoCanada to buy back $100M of shares from investors

Edmonton, Alberta — On June 28, AutoCanada announced its intent to purchase up to $100 million in shares from its shareholders via a ‘modified Dutch auction,’ with shares for sale between $22 and $25 per share. The company advises shareholders to obtain up-to-date quotes for market prices of the shares, prior to tendering an offer. […]

Record Numbers: AutoCanada unveils 2020 Q4 results

Edmonton, Alberta ⁠— AutoCanada has unveiled its fourth-quarter results for 2020, reporting an 8.3 percent increase in revenue compared to the same period the year prior and “outperform[ing] the Canadian new-vehicle retail market,” said the company.  Fourth-quarter revenue for 2020 reached $876.1 million as compared to $809.1 million the prior year.  Moreover, the fourth-quarter Adjusted […]