Tuesday Ticker: July 26, 2022

Toronto, Ontario ⁠— The focus is on Alberta-based companies in this weekly Tuesday Ticker, as AutoCanada delivers 32 percent revenue growth while Calgary, Alta.-based Foundation Automotive adds a new brand⁠—and new territory⁠—to its portfolio. AutoCanada’s quarterly update Edmonton-based AutoCanada announced its Q2 2022 results on Monday, reporting revenue of approximately $1.7 billion and growth of […]

Tuesday Ticker: July 5, 2022

Toronto, Ontario ⁠— It’s Tuesday⁠—let’s talk business! In this week’s Tuesday Ticker, General Motors sits poised to reclaim its role as leader of new vehicle sales in the U.S.; Lift adds five new facilities in the B.C. interior and AutoCanada preps for a buyback via a “modified Dutch auction.” The General takes the Crown General […]

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. […]

Tuesday Ticker: May 10, 2022

Toronto, Ontario ⁠— In this weekly Tuesday Ticker, AutoCanada picks up two luxury dealerships in Ontario, teasing the potential to expand its collision services; Uni-Select reports a “strong start” to the year with its Q1 2022 financial results, and a Toronto-based parts maker sees big drops in net profits. Leaning on luxury AutoCanada added two […]

Dealer Trifecta: AutoCanada appoints three to executive leadership team

Edmonton, Alberta — AutoCanada Inc. is making some space in its executive leadership team, announcing the appointment of Jeffrey Thorpe, Brian Feldman and Lee Wittick to the top of Canadian operations for the company. Thorpe has been appointed president of AutoCanada’s Canadian operations and will run the company’s day-to-day business, while reporting directly to executive […]

Tuesday Ticker: December 7, 2021

Toronto, Ontario ⁠— This week, Toyota tops the charts for sales and earnings in 2020 and AutoCanada doubles its number of Ontario stores.  Tip top Toyota Toyota was the top-selling and highest-earning automaker in 2020, according to Uswitch’s recently released “Car Brand Earnings” research report. According to the data, Toyota made US$275 billion in 2020: […]

Tuesday Ticker: September 21, 2021

Toronto, Ontario ⁠— This week, the Toronto Stock Exchange (TSX) names AutoCanada to a top performers list, analysts predict record delivery numbers for Tesla in both 2021 and 2022, while Boyd Group Services announces its Q3 cash dividend. AutoCanada on top Edmonton, Alberta-based dealership group AutoCanada has been featured on the TSX30 List, which “highlights […]

Benz Deluxe: AutoCanada Inc. acquires Autolux MB Collison in Montreal

Edmonton, Alberta — AutoCanada Inc. is breaking in on the Benz market as the dealer group announced the acquisition of Autolux MB Collison in Montreal. Autolux has been in operation for over 30 years and is a certified Mercedes-Benz collision centre.   The business operates out of a facility with more than 15 production bays and […]

Quorum Takes on Collision: Quorum expands BDC services to include collision centres

Calgary, Alberta — Quorum announced Tuesday it has expanded its DealerMine Business Development Centre (BDC) services to include collision centres.  “Expanding our BDC offering to include collision centres aligns well with our expertise in service and allows our dealer partners to continue to drive more business into their fixed operations,” said Maury Marks, Quorum President […]

Tuesday Ticker: August 24, 2021

Toronto, Ontario ⁠— In this week’s AutoCanada reports its Q2 2021 financials–blowing 2020’s results out of the water–while the Taiwanese government provides hope for a forthcoming end to the global microchip shortage.⁠ AutoCanada picks up pace AutoCanada has announced its second-quarter results for 2021, outpacing last year’s net income by 288 percent. Revenue for the […]