New Chief in Town: AutoCanada appoints Azim Lalani to CFO starting Q1 2023
Toronto, Ontario — This new year will see more than a flip of the calendar for the team at AutoCanada, as the national MSO group has announced that Azim Lalani will take over as CFO at the beginning of the 2023 fiscal year. Lalani brings more than a quarter century of experience in the real […]
Still Growing: AutoCanada acquires two luxury collision centres in the Greater Toronto Area
Scarborough, Ontario — AutoCanada has acquired Excellence Auto Collision Silver Star and Excellence Auto Collision Midwest, two luxury collision centres east of the Greater Toronto Area. Excellence Auto has provided collision repair services to Scarborough and the Greater Toronto Area for more than 30 years, maintaining certifications with Tesla, Mercedes-Benz, Porsche, Audi, BMW, Mini, Lucid, […]
Welcome of the Week: AutoCanada welcomes Kavia Auto Body
Saskatoon, Saskatchewan – Kavia Auto Body, a Saskatoon-based collision centre has been acquired by, North American automobile dealership group, AutoCanada Inc. Kavia Autobody has served Saskatoon and surrounding areas for nearly 40 years, maintaining certifications with Tesla, GM, Ford, Kia, Stellantis, Nissan, Infiniti, Genesis, Honda, Acura, Subaru, and Hyundai. The business is located close to […]
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 […]
