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    ACQ   CA05277B2093

AUTOCANADA INC.

(ACQ)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-06-30 pm EDT
24.56 CAD   +0.24%
06/28AutoCanada Plans to Start Substantial Issuer Bid
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06/28AUTOCANADA BRIEF : Announces Intention to Commence Substantial Issuer Bid
MT
06/28AutoCanada Announces Intention to Commence Substantial Issuer Bid
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Toronto Stocks Tumble; AutoCanada Shares Fall on Expanded Notes Offering

01/21/2022 | 12:16pm EDT

By Adriano Marchese


Stocks in Toronto are firmly down mid-trading Friday, in step with most global markets and continuing the week's downward trend. In the session, all sectors are pointing lower, with only the health tech sector going against the trend. Shares in AutoCanada Inc. fell after it said that it was increasing its public notes offering by C$50 million to C$350 million.

At midday, Canada's S&P/TSX Composite Index was down 1.19% at 20807.04 and the blue-chip S&P/TSX 60 tumbled 1.12% to 1265.85.

AutoCanada shares fell 1.6% at C$38.11 after it said late Thursday it was upsizing its offering of senior unsecured notes on a private placement basis to C$350 million. On Thursday, the company had announced an offering of C$300 million to redeem current outstanding senior notes due in 2025.


Other market movers:

Givex information Technology Group Ltd. shares rose 1.3% to C$0.79 after saying it is buying a business operating under the name Kalex Equipment Services for up to C$2.5 million.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-21-22 1215ET

All news about AUTOCANADA INC.
06/28AutoCanada Plans to Start Substantial Issuer Bid
MT
06/28AUTOCANADA BRIEF : Announces Intention to Commence Substantial Issuer Bid
MT
06/28AutoCanada Announces Intention to Commence Substantial Issuer Bid
AQ
06/28AutoCanada Inc. announces an Equity Buyback for CAD 100 million worth of its shares.
CI
06/28AutoCanada Inc. authorizes a Buyback Plan.
CI
05/05Autocanada announces election of directors and voting results
AQ
05/05AutoCanada Inc. Approves Appointment of Rhonda English as Director of the Company
CI
05/05TRANSCRIPT : AutoCanada Inc. - Shareholder/Analyst Call
CI
05/05TRANSCRIPT : AutoCanada Inc., Q1 2022 Earnings Call, May 05, 2022
CI
05/05Scotiabank Take on AutoCanada Q1; Notes Many Profit Levers; Says 'High Likelihood' for ..
MT
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Analyst Recommendations on AUTOCANADA INC.
More recommendations
Financials
Sales 2022 5 470 M 4 235 M 4 235 M
Net income 2022 143 M 111 M 111 M
Net Debt 2022 408 M 316 M 316 M
P/E ratio 2022 6,10x
Yield 2022 -
Capitalization 647 M 501 M 501 M
EV / Sales 2022 0,19x
EV / Sales 2023 0,17x
Nbr of Employees 2 550
Free-Float 85,2%
Chart AUTOCANADA INC.
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AutoCanada Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AUTOCANADA INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 24,56 CAD
Average target price 53,13 CAD
Spread / Average Target 116%
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
Sector and Competitors
1st jan.Capi. (M$)
AUTOCANADA INC.-42.48%501
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D'IETEREN GROUP-18.82%7 786
AUTONATION, INC.-1.75%6 518
ASBURY AUTOMOTIVE GROUP, INC.0.32%3 748