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 […]
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 […]
