AutoCanada Announces Conference Call and Webcast Details for Q2 2024 Financial Results

AutoCanada to Host Q2 2024 Earnings Call on August 13, 2024

Q2 2024 Revenue Decreases to $160.10 Million, Impacted by CDK Outage

AutoCanada TSX:ACQ, a leading automotive retailer in Canada, today announced the details of its upcoming conference call and webcast to discuss its financial results for the second quarter of 2024.

The conference call will be held on August 13, 2024, at 4:30 PM Eastern Time. Investors and analysts are invited to participate in the call by dialing [insert dial-in details]. A live webcast of the call will also be available on the Company's website at [insert webcast link].

During the call, AutoCanada's management team will review the Company's financial performance for the second quarter of 2024, discuss the impact of the CDK outage, and provide an outlook for the remainder of the year. The call will be followed by a question-and-answer session with analysts.

In the second quarter of 2024, AutoCanada's revenue decreased to $160.10 million, compared to $175.63 million in the same period last year. The decline in revenue was primarily due to the impact of the CDK outage, which disrupted the Company's operations in late May and early June.

Despite the revenue decline, AutoCanada's management team remains confident in the Company's long-term growth prospects. The Company is implementing a number of initiatives to improve its operations and drive growth, including the continued rollout of its digital retailing platform and the expansion of its service and parts business.

AutoCanada's Q2 2024 financial results will be released on August 13, 2024, before the market opens.