Tuesday, May 7, 2013

AutoCanada Inc. - ACQ.t

AutoCanada Inc. - ACQ.t Operates 30 franchised dealerships in Canada with over 30,000 vehicles sold in 2012.

The company sold 1 in every 83 new vehicles in Canada and processed over 310,000 service and collision orders in 333 service bays in 2012.





On May 6, 2013 the company released NEWS

AutoCanada Inc. announces strong financial results for the quarter ended March 31, 2013 with an increase in earnings of 65.9%, an increase in its quarterly dividend, and the agreement of Mr. Pat Priestner, CEO, to accept the additional position of Chair:

2013 First Quarter Operating Results

Revenue increased 14.4% or $35.8 million to $284.3 million
Gross profit increased by 19.3% or $8.3 million to $51.1 million
Same store revenue increased by 12.9%
Same store gross profit increased by 16.9%
EBITDA was $10.5 million vs. $6.8 million in Q1 of 2012, a 54.4% increase
Pre-tax earnings increased by $3.5 million or 62.5% to $9.1 million
Net earnings increased by $2.7 million or 65.9% to $6.8 million
Earnings per share increased by 66.7% to $0.345 from $0.207
Same store new vehicles retailed increased by 18.3%
Same store used vehicles retailed decreased by 11.7%
Same store repair orders completed for the quarter were up 7.7%

___________________________________




____________________________________





http://canadastockjournal.blogspot.com/2013/05/autocanada-inc-acqt.html


Contact


RSS