Q1 2026 AutoCanada Inc Earnings Call Transcript

May 13, 2026 / 10:00 PM GMT

Release Date Price: C$20.93 (-3.77%)

Transcript

Key Points

Positve

AutoCanada Inc (AOCIF) reported meaningful progress in rebuilding sales productivity in their dealership business towards the end of the quarter.
The company continues to see growth in its core collision business, despite challenges in the hail business due to reduced storm activity.
AutoCanada Inc (AOCIF) has taken decisive actions to simplify the organization, improve accountability, and strengthen operational oversight.
The company completed the acquisition of Modern Auto Body in Edmonton, enhancing regional density and OEM certifications.
AutoCanada Inc (AOCIF) made significant progress on the divestiture of its U.S. dealership portfolio, with expected proceeds directed towards debt reduction.

Negative

The Canadian automotive market remains soft, with declining demand for new light vehicles due to elevated pricing and macroeconomic uncertainties.
Adjusted EBITDA from continuing operations decreased to $31 million from $43 million in the prior year.
Used vehicle profitability remains a significant pressure point, with negative gross profit per unit as the company works through aged inventory.
The company faces challenges in the hail business, with a significant year-over-year decline in collision EBITDA due to reduced storm activity.
Market conditions are expected to remain challenging, with consumer affordability pressures impacting demand trends.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ACQ.TO - AutoCanada Inc
Q1 2026 AutoCanada Inc Earnings Call
May 13, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for joining Auto Canada's conference call to discuss the financial results for the first quarter of 2026. I'm Ludie, your moderator for today's call. Before we begin, I'd like to remind everyone that today's discussion may include forward-looking statements, which are subject to risks and uncertainties. Actual results could be permitted relief from those anticipated in these forward-looking statements.

I encourage you to review AutoCanada's filings on Cedar Plus for a discussion of this risk, the first quarter news release, financial statements, and MD&A.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session.

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