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AutoCanada shares plunge as Alberta slowdown hits car dealerships

2015-03-21 14:41:24| Auto Dealers - Topix.net

AutoCanada said its fourth-quarter revenue nearly doubled to $653.5 million from $319.7 million and its adjusted net earnings rose by 47.8% to $13.3 million, or 54 cents per share. Declining consumer confidence in the oil-dependent economy of Alberta dented sales at AutoCanada Inc.'s car dealerships in the first two months of the year, but the company isn't giving up on its aggressive acquisition strategy.

Tags: car hits shares alberta

Category:Automotive

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