AutoCanada

AutoCanada grapples with challenges in Q2 2024 By Investing.com

Stocks

In the second quarter of 2024, AutoCanada (TSX:ACQ) faced significant headwinds, including a CDK outage, increasing OEM inventory levels, particularly from Stellantis (NYSE:), and a complex market environment marked by economic uncertainty. The company’s financial performance reflected these challenges, with total sales falling 8.8% year-over-year to $1.6 billion. Adjusted EBITDA…