Autocanada Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020
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AutoCanada Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was CAD 727.447 million compared to CAD 945.767 million a year ago. Operating loss was CAD 4.388 million compared to operating Income of CAD 18.906 million a year ago. Net loss was CAD 19.689 million compared to CAD 4.214 million a year ago. Basic loss per share was CAD 0.72 compared to CAD 0.15 a year ago. For the half year, sales was CAD 1,436.273 million compared to CAD 1,685.138 million a year ago. Operating loss was CAD 33.336 million compared to operating Income of CAD 32.376 million a year ago. Net loss was CAD 66.374 million compared to CAD 7.027 million a year ago. Basic loss per share was CAD 2.42 compared to CAD 0.26 a year ago.
AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, after-market products and auction services. The Company also arranges financing and insurance for vehicles purchased by its customers through third-party finance and insurance sources. Its segments include Canadian Operations and U.S. Operations. It operates 83 franchised dealerships, comprising of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States of America. It 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, Acura, and Honda brands.
AUTOCANADA INC. 
