AutoCanada Inc. (TSE:ACQ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
AutoCanada Inc., a major automobile dealership conglomerate, has initiated an automatic share purchase plan (ASPP) alongside its ongoing normal course issuer bid, allowing for stock repurchases during specific black-out periods. This move, set to run until March 2025, enables the company to buy back up to 1,329,106 common shares, with the plan designed to align with legal restrictions and market conditions. AutoCanada’s expansive operations include 84 dealerships across North America, generating over $6 billion in revenue and selling more than 100,000 vehicles in 2023.
For further insights into TSE:ACQ stock, check out TipRanks’ Stock Analysis page.
