AutoCanada Reports Q1 Earnings with Decline in Adjusted EBITDA
AutoCanada reported a decline in first-quarter adjusted EBITDA to CAD 31 million from CAD 43 million year-over-year, driven by weak demand and used-vehicle margin pressures. The company is focusing on operational improvements and debt reduction following U.S. dealership divestitures.
Topics: automotive retail debt reduction used vehicle margins