AutoCanada Inc. (TSE:ACQ) has released an update.
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.
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