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AUTOCANADA COMPLETES SALE OF TOYOTA OF LINCOLN PARK
AUTOCANADA COMPLETES SALE OF TOYOTA OF LINCOLN PARK Canada NewsWire EDMONT...
About this update from Autocanada Inc.
[{"type":"text","content":"\n\n\nAUTOCANADA COMPLETES SALE OF TOYOTA OF LINCOLN PARK\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\n\nEDMONTON, AB, Jan. 27, 2026 /CNW/ - AutoCanada Inc. (\"AutoCanada\" or the \"Company\") (TSX: ACQ), a leading multi-location Canadian automobile dealership and collision repair group, announced today that it has completed the sale of Toyota of Lincoln Park, in Chicago, Illinois. This dealership is part of the U.S. dealerships reclassified as discontinued operations at year-end 2024.\nIn the 12-months ended September 30, 2025, Toyota of Lincoln Park generated sales of approximately $64.7 million (2024 - $87.1 million) and incurred net income of $1.0 million (2024 – net loss of $1.2 million).\nAutoCanada received approximately $11.2 million in cash on the sale for goodwill and fixed assets, excluding inventory and net working capital, with proceeds directed toward reducing the outstanding balance of the Company's revolving credit facility.\nThe disposition of Toyota of Lincoln Park represents continued progress in the Company's previously announced plan to exit its U.S. Operations segment and further strengthen its balance sheet.\nAll dollar amounts in this press release are in Canadian dollars.\nAbout AutoCanada\nAutoCanada's Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada's Canadian dealerships sold approximately 85,000 new and used retail vehicles.\nAutoCanada's Canadian Collision Operations consist of 33 collision centres and one calibration centre, supported by 26 OEM certifications covering 37 vehicle brands. The Company's collision network enables customer retention across multiple touchpoints within the automotive ownership lifecycle.\nAutoCanada's U.S. Operations, which ...