05:17 PM EDT, 08/19/2025 (MT Newswires) -- AutoCanada ( AOCIF ) , a multi-location Canadian automobile-dealership group, after-hours on Tuesday it finalized the sale of Chevrolet and Hyundai of Palatine in Palatine, Illinois.

The company will receive approximately $9.3 million in cash on the sale for goodwill and fixed assets, excluding inventory and net working capital, with proceeds directed toward reducing the outstanding balance of the company's revolving credit facility.

The company reclassified its U.S. dealerships as discontinued operations at the end of 2024.

AutoCanada's ( AOCIF ) Canadian operations consist of 64 franchised dealerships, comprising 23 brands, while its U.S. operations make up 14 franchised dealerships under the name Leader Automotive.

The company's shares closed down $0.95 to $31.40 on the Toronto Stock Exchange.