tiprankstipranks
AutoCanada Optimizes Operations by Selling Two Stores
Company Announcements

AutoCanada Optimizes Operations by Selling Two Stores

Story Highlights

AutoCanada (TSE:ACQ) has released an update.

Don't Miss our Black Friday Offers:

AutoCanada Inc. has strategically divested two of its Stellantis stores in Alberta to sharpen focus on its core operations, aiming to enhance profitability and reduce debt. The sale of these dealerships, which collectively generated $86.5 million in sales, resulted in immediate financial gains and will be used to pay down the company’s revolving credit facility. This move is expected to improve AutoCanada’s earnings and Adjusted EBITDA margin.

For further insights into TSE:ACQ stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAutoCanada Strengthens Finances with Strategic Sale
TipRanks Canadian Auto-Generated NewsdeskAutoCanada’s Strategic Shift Amid Revenue Decline
Brian AndersonACQ Earnings Report this Week: Is It a Buy, Ahead of Earnings?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App