AutoCanada exits digital business, closes Online C2C F&I and Kijiji instant cash offer units

Bitget2026/09/28 12:05

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AutoCanada repurchased iA Financial Group’s 10% stake in 15154871 Canada for $8 million cash, ending their digital investment arrangement.
Operations reset to core dealerships and collision centers through the closure of its online C2C finance and insurance unit.
Kijiji-based instant cash offer business also shut as management reallocates capital and attention to core operations.
Digital units generated about $3.6 million revenue in the 12 months ended June 30, 2026, with a net loss of $6 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AutoCanada Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202609280800CANADANWCANADAPR_C3619) on September 28, 2026, and is solely responsible for the information contained therein.

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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AutoCanada exits digital business, closes Online C2C F&I and Kijiji instant cash offer units

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