AutoCanada Inc. (ACQ) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining AutoCanada's conference call to discuss the financial results for the second quarter of twenty twenty six. I'm John, 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 differ materially from those anticipated in these forward looking statements. I encourage you to review AutoCanada's filings on SEDAR plus for a discussion of these risks as well as the second quarter news release, financial statements and MD and A. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. I'd now like to turn the call over to Mr. Samuel Cochran, Chief Executive Officer of AutoCanada Inc. Good evening, everyone, and thank you for joining us. Before getting into the quarter, I want to spend a few minutes on the environment and the progress we are making across the business. The Canadian auto market remained soft in Q2. Consumers are still dealing with affordability pressure, higher financing costs and broader economic challenges facing Canada. Looking ahead, we expect a challenging market through the balance of the year. Against this backdrop, the financial results for the quarter were as expected. But more importantly, we focused on what was in our control and made progress in priorities we made this year. Used vehicle volumes and GPUs improved. Inventory moved faster and finance and insurance performance was strong. These are encouraging signs of the changes put in motion earlier this year are starting to take hold. As expected, new vehicle sales and GPUs remained under pressure reflecting both the softer market and the work ...