AutoCanada ( (TSE:ACQ) ) has provided an announcement.
AutoCanada has announced a temporary adjustment to its credit facility, increasing its maximum permitted Total Net Funded Debt to EBITDA ratio from 5.50:1.00 to 6.00:1.00 for the second quarter of 2025, before reducing it to 4.50:1.00 in July. This measure is a precautionary response to the uncertain impact of the current tariff environment on the company’s financial performance, indicating a strategic approach to maintaining financial flexibility amidst potential market challenges.
More about AutoCanada
AutoCanada is a prominent player in the Canadian automotive retail industry, operating 64 franchised dealerships across Canada and 17 in the U.S. under the Leader Automotive Group. The company offers a diverse range of vehicles from brands such as Acura, BMW, Ford, and Mercedes-Benz, and also runs collision centers and used vehicle operations.
YTD Price Performance: -9.29%
Average Trading Volume: 18,282
Technical Sentiment Signal: Buy
Current Market Cap: C$380.6M
For an in-depth examination of ACQ stock, go to TipRanks’ Stock Analysis page.