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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.
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Category:Automotive