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AutoCanada Inc. (TSE:ACQ)
TSX:ACQ
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.1Last Year’s EPS
-0.1Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: 5.45%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with positive developments in Canadian operations and strategic asset realignments. However, challenges persist with declines in sales, economic uncertainties, and losses in U.S. operations impacting overall performance.Company Guidance
During the fourth quarter of fiscal year 2024, AutoCanada experienced robust demand for new light vehicles in Canada, spurred by OEM incentives and a 200 basis point reduction in interest rates by the Bank of Canada. This led to a 12.8% year-over-year increase in adjusted EBITDA for Canadian operations in Q4. The company is executing a transformation plan with a goal of achieving $100 million in annual run rate cost savings by the end of 2025, having already realized $7.9 million in savings last year. Key savings are expected from standardizing dealership operations ($63 million), enhanced cost controls ($23 million), improved inventory management ($10 million), and centralizing administrative functions ($5 million). In 2024, AutoCanada reported total sales of $1.3 billion from continuing operations, a 1.2% decrease year-over-year, with adjusted EBITDA from these operations rising to $54.1 million. The Canadian market saw a 4.7% increase in new vehicle sales, although used vehicle sales fell by 8.4% due to inventory challenges. With the U.S. operations reclassified as discontinued, the company is focused on reducing its leverage ratio to 2-3 times EBITDA and is pursuing the sale of its U.S. assets, which recorded a $24.2 million adjusted EBITDA loss in 2024.Canadian Operations Adjusted EBITDA Growth
Canadian operations experienced a 12.8% year-over-year growth in adjusted EBITDA in Q4, driven by OEM incentives, lower financing costs, and contributions from parts and service.
Transformation Plan and Cost Savings
AutoCanada's transformation plan is on track to achieve $100 million in annual run rate cost savings by the end of 2025. In 2024, $7.9 million in savings were realized, with an annualized run rate savings of $9 million by December 31.
Profitability Improvements in Canadian Business
Canadian new vehicle unit sales grew 4.7% year-over-year, contributing to better-than-expected performance in Q4.
Sale of Non-Core Assets
The sale of three non-core Stellantis dealerships generated $59.5 million in net proceeds, contributing to strategic asset realignment.
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TSE:ACQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ACQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | C$16.50 | C$18.09 | +9.64% |
| Nov 13, 2024 | C$15.12 | C$18.90 | +25.00% |
| Aug 13, 2024 | C$18.09 | C$14.91 | -17.58% |
| May 02, 2024 | C$24.39 | C$20.57 | -15.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AutoCanada Inc. (TSE:ACQ) report earnings?
AutoCanada Inc. (TSE:ACQ) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is AutoCanada Inc. (TSE:ACQ) earnings time?
AutoCanada Inc. (TSE:ACQ) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ACQ EPS forecast?
TSE:ACQ EPS forecast for the fiscal quarter 2025 (Q1) is 0.1.
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