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 […]

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 […]

Tuesday Ticker: July 20, 2021

Toronto, Ontario ⁠— In this Tuesday Ticker, the Bank of Canada plans to let inflation run on past its previously planned targets, the European Union says it will wave goodbye to gas-powered vehicles in 2035 and top execs at Toyota say it’s “too soon” to be focussing only on electric cars.  Get to runnin’  The […]