Financial Falls: AutoCanada announces third quarter financial results; reports a revenue decrease of $29.6 million
Toronto, Ontario — On November 13, AutoCanada announced its third quarter financial results, citing a revenue decrease of $29.6 million. Other highlights from the report indicate that net income for the period was $7.1 million as compared to $22.8 million in the prior year—a decrease of $15.7 million. Additionally, adjusted EBITDA was $53.2 million as […]
AutoCanada Associations: CDK extends relationship with AutoCanada
Toronto, Ontario — Last week, CDK announced that it has entered into a long-term extension of its agreement with AutoCanada to help enhance productivity and operational efficiency. According to a media release, this extension will allow AutoCanada to further leverage “the depth and breadth of CDK software”—including DMS and a fully integrated CRM—to enhance productivity, […]
Tuesday Ticker: AutoCanada restructures RightRide division; Stellantis cuts profit outlook
Toronto, Ontario — In this weekly Tuesday Ticker, we look into AutoCanada’s decision to shutter more than half of its RightRide used vehicle sales and service locations. At the same time, Stellantis issues an altered profit guidance amid industry oversupply. Restructuring RightRide AutoCanada is restructuring its RightRide division, closing seven locations—more than half of the […]
Tuesday Ticker: AutoCanada reports Q2 2024 financial results; Rivian pauses Amazon van production
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada announces its Q2 2024 results and says it’s performing a “strategic review” of its non-profitable and non-core operations, while Rivian stocks dip due to a production pause. About AutoCanada AutoCanada’s Q2 2024 total sales decreased 8.8 percent year-over-year, and the company is performing a “strategic review” […]
Tuesday Ticker: Rivian reveals Q2 results; AutoCanada set to report Q2 financials Aug. 13
Toronto, Ontario — In this Tuesday Ticker, Rivian reports its financial results for the quarter ending June 30, 2024, while maintaining its full-year guidance for 2024. Also in this weekly report: AutoCanada preps to announce its own Q2 numbers. Rivian report Rivian’s revenue for Q2 2024, rang up to US$1.16 billion, though the EV maker’s […]
AN ELEVATING EVENT
AUTOCANADA’S ELEVATION 2024 CONFERENCE CONNECTED INDUSTRY MEMBERS TO GROW FOR THE FUTURE On June 19 to the 21, AutoCanada Collision and Hail held its Elevation 2024 Conference, where guests alike joined together for informative and fun networking opportunities and knowledge sessions all centred around continuing to elevate for the future. The event brought 120 exclusive […]
An Elevating Event: AutoCanada holds Elevation 2024 Collision Centre Conference
Kananaskis, Alberta — On June 19th to the 21st, AutoCanada Collision and Hail held its Elevation 2024 Conference, where automotive industry members and guests alike joined together for informative and fun networking opportunities and knowledge sessions all centred around continuing to elevate for the future. The event, which saw 120 exclusive guests, was held in […]
Throwback Thursday: 3M does NASCAR, 2010
Toronto, Ontario — Time for another Throwback Thursday! Check out the 3M trip to NASCAR in 2010, where 3Mers and industry friends got an up-close look at some super sweet rides following a day at the track. Click below for the full 100+ photo album!
Celebrating Skills: Skills Manitoba an ‘amazing display of hands-on expertise, talent and determination’
Winnipeg, Manitoba — The 26th annual Olympic-style Skills Manitoba competition recently took place on April 11th, at the Red River College Polytech in Winnipeg, Manitoba. According to the Skills Manitoba website, the event “was an amazing display of hands-on expertise, talent and determination that showcased the diversity of skilled trades and technology and the many […]
Tuesday Ticker: Rivian unveils new models and sees stock rise; AutoCanada reports earnings
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian announces two new models and sees a stock rise as a result, while AutoCanada reports its fourth-quarter 2023 financials. Rivian revs its stock with new model announcements Rivian saw a nearly 25 percent increase in its share prices following last week’s announcement of two new […]
