• AutoCanada published its Q1 2026 MD&A, showing continuing-operations revenue of CAD 1.19 billion, down 4.1%, with adjusted EBITDA of CAD 31 million, down 28%, swinging to a net loss of CAD 3.3 million from net income of CAD 9.7 million.
• Dealership trends stayed pressured, with new retail units down 17.9% to 6,294; used retail units slipped 1.1% to 9,934, while used vehicle gross profit per unit fell to CAD -48 from CAD 1,421.
• Collision operations held up on margin despite softer revenue, with revenue down 1.8% to CAD 39.61 million while gross profit rose 0.8% to CAD 18.34 million, lifting gross margin to 46.3% from 45.1%; adjusted EBITDA fell 22.5% to CAD 4.69 million.
• U.S. dealership divestiture program advanced, with about CAD 65.8 million of gross proceeds received to date; expected proceeds remain about CAD 130 million, including about CAD 13 million of real estate, with proceeds targeted to debt reduction.
• Management flagged a transitional 2026 for Canadian dealerships, citing early sequential improvement in used profitability and operating efficiency; it expects consistent target performance to require execution through rest of 2026 into early 2027, while positioning collision for disciplined, accretive acquisition-led growth as balance sheet capacity allows.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AutoCanada Inc. published the original content used to generate this news brief on May 13, 2026, and is solely responsible for the information contained therein.