AutoCanada Q2 FY26 net income from continuing operations drops 36.1% to C$12.1 million; revenue rises 6% to C$1.42 billion
Reuters2026/08/12 21:02- AutoCanada posted Q2 2026 revenue of CAD 1.42 billion, up 6% year over year; net income from continuing operations fell 36.1% to CAD 12.1 million.
- Gross profit slid 8.1% to CAD 207.1 million; gross margin narrowed 2.2 percentage points to 14.6%.
- Adjusted EBITDA from continuing operations dropped 19% to CAD 52.1 million; adjusted EBITDA margin decreased 1.1 percentage points to 3.7%.
- Used retail units sold rose 10% to 11,499, while used vehicle gross profit per retail unit sank 66.9% to CAD 587.
- U.S. dealership divestiture delivered about CAD 106 million in gross proceeds to date, tracking toward CAD 115 million–CAD 130 million; additional land proceeds up to CAD 19 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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