Boyd’s Books: Boyd reports Q2 2024 financials; Internalization of scanning and calibration, repair-first strategy drive improved margins despite softening sales
Winnipeg, Manitoba — Boyd Group Services, which operates the Boyd Autobody and Glass and Assured collision networks, reported its second-quarter financials on Thursday. For the quarter ended June 30, 2024, Boyd Group Services posted net earnings of US$10.8 million, compared to US$26.3 million in the same period of 2023. Factors impacting net earnings, according to […]
Tuesday Ticker: Analysts predict Rivian results; Ford’s end to quarterly sales reports cause for concern
Toronto, Ontario — This week, Rivian prepares to unveil its Q1 2023 results; Ford of Canada’s decision to end quarterly sales reporting worries industry market analysts and AutoCanada reports net income increases with Q1 2023 financials. Ready for Rivian results Rivian is set to announce its Q1 earnings on Tuesday following market close, and analysts […]
Driving Up Business: Driven Brands reports 42 percent Q1 revenue growth from last year
Toronto, Ontario — Driven Brands reported on Wednesday that company revenue saw a 42 percent boost in the first quarter of this financial year. That 42 percent equates to $468.3 million in new revenue versus last year. The company also reported that system-wide sales hit $1.3 billion, which represents 26 percent growth when compared to […]
Tuesday Ticker: December 21, 2021
Toronto, Ontario — In this Tuesday Ticker, Rivian reports its Q3 highlights; dreams of Uber are dashed in Kelowna and the Boyd Group announces its Q4 2021 cash dividend. Highs and lows Rivian reported its earnings for the third quarter of 2021 last week, reporting profits of US$1 million—thanks to its first customer deliveries of […]
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: November 16, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Apple hires a former Tesla engineer for its rumoured EV project and Rivian raises US$12 billion in its initial public offering (IPO). Christopher Moore bites the Apple Apple has reportedly hired Tesla’s Autopilot software engineer to work on its rumoured electric vehicle project, Bloomberg reported last week. […]
Tuesday Ticker: October 26, 2021
Toronto, Ontario — This week, J.D. Power Canada director J.D. Ney says he needs more data to predict the industry’s pandemic-born trends; AkzoNobel marks upticks in its Q3 revenues and Tesla nears a personal market value record. J.D.’s justification According to J.D. Ney, director of J.D. Power Canada, the $2.6 billion hit to the automotive […]
Tuesday Ticker: October 19, 2021
Toronto, Ontario — In this weekly edition of Collision Repair’s Tuesday Ticker, PPG breaks a number of its own records and Stellantis enters a lucrative partnership with an electronics giant. Pumped up PPG PPG stock has hit a new high four times over in the last five days, according to the market tracking website FostersLeader. […]
Tuesday Ticker: October 12, 2021
Toronto, Ontario — This week, Magna may have an opportunity to pick up Qualcomm’s leftovers from the Veoneer acquisition; an Ontario-based battery maker lands a unique deal to break ground in Quebec; while Tesla CEO Elon Musk announces a new home for the EV brand. More opportunities for Magna Magna International may have missed out […]
Tuesday Ticker: September 28, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, market analysts place their bets for Driven Brands Q3 financials; Magna partners with the federal government and the University of Waterloo in the areas of autonomous driving; and Swedish automaker Polestar makes plans to go public. Place your Driven Brands bets Wall Street brokerages are anticipating Driven […]
