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    ACQ   CA05277B2093

AUTOCANADA INC.

(ACQ)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-09-29 pm EDT
22.53 CAD   -7.21%
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AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q1 2022 FINANCIAL RESULTS AND 2022 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

04/21/2022 | 05:16pm EDT

EDMONTON, AB, April 21, 2022 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended March 31, 2022 on Wednesday, May 4, 2022 after the close of markets. The Company will hold a conference call and webcast to discuss the results on Thursday, May 5, 2022 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

The conference call will include prepared remarks from AutoCanada's management team. After the prepared remarks, the Company will accept questions from analysts.

Date:      May 5, 2022

Time:      9:00 a.m. Mountain Time (11:00 a.m. ET)

Call:        1.888.664.6392 (Canada and USA)

Participants are asked to call at least 10 minutes prior to the start of the call. For those unable to participate on the live call, a replay will be made available until Thursday, May 12, 2022 by dialing 1.888.390.0541 (Canada and USA), passcode 966575. The public is invited to listen to the live conference call or the replay.

This conference call will be webcast live over the internet and can be accessed by all interested parties at the following URL: https://investors.autocan.ca/event/2022-q1-conference-call/

For those unable to listen during the live webcast, an audio replay will be available shortly after the conclusion of the conference call for a period of 90 days.

In addition, the Company announced details for its Annual and Special Meeting of Shareholders (the "Meeting"). The Meeting will be held in a virtual-only meeting format, which will be conducted via live audio webcast on May 5, 2022 at 1:00 p.m. Mountain Time (3:00 p.m. Eastern Time). Online access to the Meeting will begin at 12:45 p.m. Mountain Time. Shareholders will not be able to attend the Meeting in-person.

MEETING DATE AND LOCATION

Date: Thursday, May 5, 2022

Time: 1:00 p.m. Mountain Time (3:00 p.m. Eastern Time)

Location: Online at https://meetnow.global/MCGTCDY

About AutoCanada

AutoCanada is a leading North American multi-location automobile dealership group currently operating 78 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, USA. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Honda, Acura and Porsche branded vehicles. In 2021, our dealerships sold approximately 86,000 vehicles and processed over 800,000 service and collision repair orders in our 1,303 service bays generating revenue in excess of $4.5 billion.

Additional information about AutoCanada Inc. is available at www.sedar.com and the Company's website at www.autocan.ca.

SOURCE AutoCanada Inc.

© Canada Newswire, source Canada Newswire English

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Analyst Recommendations on AUTOCANADA INC.
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Financials
Sales 2022 5 962 M 4 348 M 4 348 M
Net income 2022 170 M 124 M 124 M
Net Debt 2022 616 M 449 M 449 M
P/E ratio 2022 5,38x
Yield 2022 -
Capitalization 641 M 468 M 468 M
EV / Sales 2022 0,21x
EV / Sales 2023 0,19x
Nbr of Employees 2 550
Free-Float 85,7%
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Technical analysis trends AUTOCANADA INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 8
Last Close Price 24,28 CAD
Average target price 49,84 CAD
Spread / Average Target 105%
EPS Revisions
Managers and Directors
Michael A. Borys Chief Financial Officer
Paul W. Antony Director
Jeffrey Thorpe President-Canadian Operations
Dennis Stephan DesRosiers Independent Director
Barry Lee James Independent Director
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