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AutoCanada (ACQ) investor relations material
AutoCanada Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Leadership transition with Paul Antony stepping down and Samuel Cochrane appointed Interim CEO, focusing on completing transformation and operational excellence for 2026.
2025 marked a transformational year, with a $115M operational transformation plan underway and $98M in annualized savings realized by Q3 2025.
Strategic review prioritized core Canadian dealership and collision operations, exiting unprofitable U.S. operations, and closing all RightRide locations.
Revenue from continuing operations fell 14.9% year-over-year to $1,201.5 million, driven by declines in new and used vehicle sales, parts and service, and F&I, partially offset by growth in collision repair revenue.
Leadership team strengthened with key promotions and planned executive transitions to support the next growth phase.
Financial highlights
Q3 2025 revenue from continuing operations was $1,201.5M, down 14.9% year-over-year due to declines in new and used vehicle sales, parts, service, and F&I.
Adjusted EBITDA from continuing operations was $58.1 million, down 7.9% year-over-year, but margin improved to 4.8%.
Gross profit decreased 22.2% year-over-year, while normalized operating expenses before depreciation dropped 23.4% year-over-year.
Floorplan financing costs declined 44.3% year-over-year due to lower inventory and interest rates.
Net income from total operations rose to $16.8 million from $7.1 million, but net loss from continuing operations was $(2.9) million versus income of $27.2 million last year.
Outlook and guidance
Management expects to complete the transformation plan by year-end 2025, targeting $115M in annual run-rate savings.
Cost transformation nearing completion, with $100 million of $150 million annual run rate savings achieved as of September 30.
Sales activity is expected to normalize in 2026, supported by a leaner, more efficient operating model.
Near-term M&A activity to focus on collision business, with broader dealership acquisitions considered once leverage targets are met.
Forward-looking statements highlight risks related to cost-savings realization, customer demand, and access to capital.
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