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    ACQ   CA05277B2093

AUTOCANADA INC.

(ACQ)
  Report
Delayed Toronto Stock Exchange  -  03:46 2022-09-29 pm EDT
22.82 CAD   -6.01%
09/26AutoCanada Acquires Auto Gallery of Winnipeg to Expand Used Digital Retail Division
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09/26AutoCanada Brief: Expandingi Used Digital Retail Division With Acquisition of Auto Gallery of Winnipeg
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09/26Autocanada expands used digital retail division with acquisition of auto gallery of winnipeg
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

AutoCanada Inc. announces an Equity Buyback for CAD 100 million worth of its shares.

06/28/2022 | 07:44am EDT

AutoCanada Inc. (TSX:ACQ) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to $100 million worth of its outstanding shares. The shares will be tendered at a price of not less than $22 per share and not more than $25 per share. The company plans to fund the offer from available cash on hand and drawings under its senior syndicated credit facility. If the aggregate cost to purchase the tendered shares exceeds $100 million, the company will accept such shares on a pro-rata basis after giving effect to “odd lot” tenders, which will not be subject to pro-ration. The bid will expire on August 4, 2022, unless extended or withdrawn. As of June 27, 2022, the company had 26,562,695 shares in issue.

On August 2, 2022, the company announced that it has adjusted the price range at which shares will be purchased in the offer to a price of not less than $25 per share and not more than $28 per share.


© S&P Capital IQ 2022
All news about AUTOCANADA INC.
09/26AutoCanada Acquires Auto Gallery of Winnipeg to Expand Used Digital Retail Division
MT
09/26AutoCanada Brief: Expandingi Used Digital Retail Division With Acquisit..
MT
09/26Autocanada expands used digital retail division with acquisition of auto gallery of win..
AQ
09/264695900 Manitoba Ltd acquired AutoCanada Inc.
CI
08/22AutoCanada Buys Velocity Autobody in Markham, Ontario
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08/22AutoCanada Brief: Buying Velocity Autobody in Markham, Ontario
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08/22Autocanada acquires velocity autobody in markham, ontario
AQ
08/16AutoCanada Announced Results of its Substantial Issuer Bid
MT
08/16AutoCanada Brief: Announcing Results of its Substantial Issuer Bid
MT
08/16Tranche Update on AutoCanada Inc.'s Equity Buyback Plan announced on June 28, 2022.
CI
More news
Analyst Recommendations on AUTOCANADA INC.
More recommendations
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.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
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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