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AutoCanada Inc.: A Canadian Dealership Group Narrowing Its Focus and Building a National Collision Network

Maker Capital Research2026-10-2810 min read
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Automotive Dealerships and Collision TSX: ACQ

Q2 2026 revenue
C$1.42B
continuing ops, up 6.0% (Aug 12, 2026)
Net funded debt to bank EBITDA
3.62x
Jun 30, 2026, from 3.96x at Mar 31
ACX collision centres
40
Company release, Oct 19, 2026
Q2 2026 used retail units
11,499
up 10.0% (Aug 12, 2026)

Three things to know

  1. AutoCanada reported Q2 2026 revenue from continuing operations of $1.42 billion, up 6.0%, while adjusted EBITDA from continuing operations was $52.1 million versus $64.4 million and gross profit percentage fell to 14.6% (release, August 12, 2026).
  2. The Company had received approximately $106 million in gross U.S. divestiture proceeds, excluding working capital, by August 12, 2026, is on track for its $115 million to $130 million range, and expects proceeds to be directed toward debt reduction.
  3. On September 29, 2026, the Company launched a strategic review of its ACX collision business, which reported 40 centres in October 2026, and it engaged TD Securities Inc. on October 8, 2026, stating there is no assurance of a transaction.

Company Profile

AutoCanada Inc. (TSX: ACQ) is an Edmonton-based owner and operator of franchised automobile dealerships. According to the Company's October 19, 2026 release, it operates 61 franchised dealerships in Canada, representing 23 automotive brands across eight provinces, plus three independent used vehicle dealerships. Its Canadian dealerships sold approximately 71,000 new and used retail vehicles in 2025.

The Company runs two segments. Dealership Operations covers new and used vehicle sales, finance and insurance (F&I), and parts and service. Collision Operations, operating under the ACX brand, operates 40 collision centres supported by 26 OEM certifications covering 37 vehicle brands, per the same release.

The Company is selling its U.S. dealership group, Leader Automotive Group in Illinois, now reported as discontinued operations. Samuel Cochrane was appointed CEO on February 18, 2026, and Mike Woodward was appointed CFO effective July 6, 2026, according to the Company's Q1 2026 release. The Company reports in Canadian dollars, and all dollar amounts in this report are as the Company reports them.

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