AutoCanada Inc. (TSE:ACQ) has released an update.
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AutoCanada Inc. reported a 6.9% increase in revenue to $1.48 billion for the fourth quarter, despite a significant net loss of $22.6 million, a stark decline from the prior year’s $14.8 million profit. The loss includes expenses from consolidating their Used Digital Division and a decrease in adjusted EBITDA. Amidst these challenges, the company highlighted growth in new vehicle sales and after-sales services, alongside progress in their five-year strategic ‘Project Elevate’ plan.
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