07:08 AM EDT, 08/27/2025 (MT Newswires) -- AutoCanada ( AOCIF ) , a multi-location Canadian automobile dealership group that saw its shares jump more than 6% on Tuesday, said overnight that it completed the sale of North City Honda in Chicago.

It received about $18.2 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 its revolving credit facility. The company said in the 12 months ending June 30, North City Honda generated sales of $66.6 million and a net loss of $3.2 million.

Shares of the company closed up $2.00 at $33.85 on Tuesday on the Toronto Stock Exchange.