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Posted by
Two Blokes Jun 26 -
Filed in
Stock
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AutoCanada's Q1 results were weak, with falling sales, margins, and ongoing losses from US discontinued operations that still weigh on the balance sheet. The planned US segment sale won't generate meaningful cash for debt repayment, leaving significant liabilities and continued losses until year-end. Core operations are struggling: vehicle sales and gross profits declined, and operating income is not covering high interest expenses, with unsustainable cash flow support from working capital reductions.
