AutoCanada (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 reported a significant decrease in both revenue and profits in the second quarter, with net losses amounting to $33.1 million and a sharp decline in adjusted EBITDA from the previous year. The company attributes these results to various operational challenges and has initiated strategic measures to improve its financial stability and long-term success.
For further insights into TSE:ACQ stock, check out TipRanks’ Stock Analysis page.
