AutoCanada (TSE:ACQ) reported first-quarter 2026 adjusted EBITDA from continuing operations of CAD 31 million, down from CAD 43 million a year earlier, as the company continued to work through a soft Canadian automotive market and margin pressure in used vehicles.
Samuel Cochrane, AutoCanada’s chief executive officer and interim chief financial officer, said the quarter was “largely as expected,” but added that results remain below the company’s long-term expectations. He said Canadian new light-vehicle demand continued to decline year over year as consumers faced elevated vehicle pricing, affordability concerns, rising fuel costs and broader macroeconomic uncertainty.
