Overview

* AutoCanada ( AOCIF ) Q3 revenue fell 14.9% yr/yr, missing analyst expectations

* Adjusted EBITDA for Q3 missed analyst expectations

* Company reported net loss from continuing operations, but net income from discontinued operations improved

Outlook

* AutoCanada ( AOCIF ) targets C$115 mln in annual cost savings by end of 2025

* Company plans to expand collision operations and strengthen dealership network

* AutoCanada ( AOCIF ) expects C$82.7 mln from U.S. dealership divestitures

Result Drivers

* REVENUE DECLINE - Revenue decreased 14.9% due to lower sales in new and used vehicles, parts and services, and finance and insurance

* COST REDUCTION - Operating expenses before depreciation decreased 10.7%, reflecting ongoing cost reduction initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$1.20 C$1.34

Revenue bln bln (6

Analysts

)

Q3 Net -C$2.90

Income mln

Q3 Miss C$52.30 C$60 mln

Adjusted mln (6

EBITDA Analysts

)

Q3 4.80%

Adjusted

EBITDA

Margin

Q3 Gross C$187.41

Profit mln

Q3 C$24.15

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

* Wall Street's median 12-month price target for AutoCanada Inc ( AOCIF ) is C$35.00, about 35.6% above its November 12 closing price of C$22.55

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)