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Production / Operations

AUTOCANADA COMPLETES SALE OF TOYOTA OF LINCOLN PARK

By The Northwire Desk — AI Analysis Jan 27, 2026 · 08:16 ACQ · 26.68 AUTOCANADA INC.
ACQ · Price

Executive Summary

  • AutoCanada Inc. completed the sale of its Toyota of Lincoln Park dealership in Chicago for approximately $11.2 million cash (CAD).
  • The divestiture reduces the Company’s outstanding revolving credit facility balance and furthers its plan to exit U.S. operations.
  • For the 12‑months ended September 30, 2025 the sold dealership generated $64.7 million in sales and $1.0 million of net income (vs. $87.1 M sales and a $1.2 M loss in 2024).

Key Details

  • Sale Proceeds: Approximately $11.2 million CAD received in cash for goodwill and fixed assets (excluding inventory and net working capital).
  • Use of Proceeds: Entire amount directed to reduce the outstanding balance of AutoCanada’s revolving credit facility.
  • Financial Performance of Sold Dealership (12‑months ended 30 Sep 2025):
  • Sales: $64.7 million CAD (down from $87.1 million in 2024).
  • Net Income: $1.0 million CAD (versus a net loss of $1.2 million in 2024).
  • Strategic Context: The disposition is part of AutoCanada’s previously announced plan to exit its U.S. Operations segment, which are classified as discontinued operations at year‑end 2024.
  • Impact on Balance Sheet: Proceeds improve liquidity and strengthen the Company’s balance sheet by lowering debt levels.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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