AutoCanada (TSE:ACQ) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
AutoCanada has completed the sale of Okanagan Chrysler to Kot Auto Group, a strategic move aimed at boosting profitability and reducing debt. The sale generated $10 million in cash, which will be used to lower the company’s revolving credit facility. This transaction is expected to enhance AutoCanada’s financial performance by improving its Adjusted EBITDA margin.
For further insights into TSE:ACQ stock, check out TipRanks’ Stock Analysis page.
