Autocanada Completes Repurchase Of Ia Financial Group Investment And Exits Digital Business
Closure of Online C2C F&I and Kijiji Instant Cash Offer Businesses Sharpens Focus on Core Dealership and Collision Operations
Key Highlights
- AutoCanada has repurchased iA Financial Group’s 10% interest in 15154871 Canada Inc. for $8.0 million.
- The Company is discontinuing its Online C2C F&I and Kijiji-based instant cash offer businesses to focus resources on its core dealership and collision operations.
- In the trailing twelve months ended June 30, 2026, the Online C2C F&I Business and ICO Businesses generated approximately $3.6 million in revenue and incurred a net loss of $6.0 million.
- iA Financial Group continues to be a strong partner, providing third-party insurance and warranty products across AutoCanada’s dealership network.
AutoCanada Inc. (“AutoCanada” or the “Company”) (TSX: ACQ), a leading Canadian multi-location automobile dealership and collision repair group, today announced that it has repurchased iA Financial Group’s1 10% common equity interest in 15154871 Canada Inc. for $8.0 million in cash. The transaction concludes the parties’ investment arrangement relating to AutoCanada’s online consumer-to-consumer finance and insurance business (the “Online C2C F&I Business”) and its Kijiji-based instant cash offer business (the “ICO Business”).
AutoCanada is discontinuing these businesses to focus resources on its core dealership and collision operations. In the trailing twelve months ended June 30, 2026, the Online C2C F&I Business and ICO Businesses generated approximately $3.6 million in revenue and incurred a net loss of $6.0 million.
“iA Financial Group is a great partner to AutoCanada and an important provider of third-party insurance and warranty products across our dealership network.” said Samuel Cochrane, Chief Executive Officer of AutoCanada. “As a Company, our priority is clear: to be the best operator of automotive dealerships and collision centres in Canada. This requires disciplined allocation of capital and management attention. We will act decisively when an initiative is loss-making, does not meet our return requirements or distracts from our core operations.”
About AutoCanada
AutoCanada’s Dealership Operations segment operates 61 franchised dealerships in Canada, representing 23 automotive brands across eight provinces, as well as three independent used vehicle dealerships. In 2025, AutoCanada’s Canadian dealerships sold approximately 71,000 new and used retail vehicles. AutoCanada’s U.S. dealership portfolio is classified as discontinued operations as the Company progresses its sale.
AutoCanada’s Collision Operations segment, operating under the ACX brand, operates 38 collision centres supported by 26 original equipment manufacturer certifications covering 37 vehicle brands. Collision Operations supports customer retention across multiple touchpoints in the automotive ownership lifecycle.
Additional Information
Additional information about AutoCanada is available at www.autocan.ca and on SEDAR+ at www.sedarplus.ca.
Source : AutoCanada Inc.
