Advancing business simplification while strengthening core operations

Third Quarter 2026 Financial Highlights

• Revenue from continuing operations was $1.24 billion as compared to $1.20 billion in the prior year
• Gross profit of $196.7 million, compared to $187.4 million in the prior year
• Gross profit percentage² of 15.9%, compared to 15.6% in the prior year
• Net income from continuing operations of $40.3 million, compared to net income of $(2.9) million in the prior year
• Diluted net income per share from continuing operations of $1.63, compared to diluted net income per share of $(0.14) in the prior year
• Adjusted EBITDA¹ from continuing operations of $48.4 million, compared to $58.1 million in the prior year
• Adjusted EBITDA margin¹ of 3.9%, compared to 4.8% in the prior year
• Operating expenses before depreciation² increased 0.1% year-over-year to $148.9 million
• Total Net Funded Debt to Bank EBITDA Ratio² of 3.40x at September 30, 2026
• Cash and available revolving credit capacity totaled approximately $438.4 million at quarter-end

Outlook Highlights

• Canadian automotive demand remained resilient during the third quarter
• Success in simplification of the core business; shut down or sale of non-core underperforming assets continues
• Improving new and used vehicle sales productivity and conversion
• Continued growth of the collision platform

EDMONTON, AB, Nov. 12, 2026 /CNW/ — AutoCanada Inc. (“AutoCanada” or the “Company”) (TSX: ACQ), a multi-location North American automobile dealership group, today reported its financial results for the three-month period ended September 30, 2026.

“We are focused on simplifying the business, strengthening our core operations, and disciplined capital allocation,” said Samuel Cochrane, Chief Executive Officer of AutoCanada.

“The third quarter reflects continued progress toward this goal. We are seeing year over year unit growth, improving inventory efficiency, making sequential gains in new vehicle market share, reshaping our dealership portfolio, building value in our collision business, continuing to shut down or sell underperforming businesses, and reducing debt.”

OUTLOOK

Dealership Outlook

Canadian new light vehicle demand remained resilient during the third quarter of 2026. Industry sales³ increased approximately 1.8% year-over-year during the quarter, with flat sales in July before increasing 2.8% in August and  2.4% in September. For the first nine months of 2026, Canadian new light vehicle sales were approximately 1.0% below the prior year.

Management expects industry demand to remain muted through the balance of 2026 as elevated vehicle pricing, financing costs, and broader economic uncertainty continue to affect consumer affordability and purchasing decisions. Full-year Canadian industry sales are currently expected to be approximately 1.9 million units, or down approximately 4.0% versus 2025.

Against this backdrop, the Company continued to advance its dealership operating plan during the third quarter. Management remains focused on strengthening operating discipline, improving accountability, rebuilding sales productivity, and establishing more consistent execution across the dealership network. Although progress was made during the quarter, the Company continues to view 2026 as a transition year and expects that sustained execution will be required to restore dealership performance to levels more consistent with industry benchmarks.

Third-quarter results reflected early progress in certain areas, including higher used vehicle volumes, improved inventory turnover and increased finance and insurance gross profit per retail unit. Used retail vehicle sales² increased 7.4% year-over-year during the quarter, while used vehicle inventory days of supply declined to 64 days from 72 days in the prior-year period. However, used vehicle profitability remained below historical levels as the Company continued to work through aged inventory.

New retail vehicle volumes² remained under pressure, increasing 0.6% year-over-year during the quarter, reflecting softer industry demand and the ongoing rebuilding of sales productivity. New vehicle gross profit per retail unit declined modestly, while new vehicle inventory days of supply increased to 95 days from 83 days.

Parts and service performance also remained below the prior year, reflecting lower service repair order volumes and higher labour and material costs. Management continues to view improving parts and service operations as a significant opportunity and is focused on increasing technician and service advisor productivity, service bay utilization, customer retention and parts and service absorption.

Management’s priorities for dealership operations during the balance of 2026 include:

• Improving new and used vehicle sales productivity and conversion;
• Restoring used vehicle gross profit per unit while maintaining inventory discipline;
• Improving used vehicle sourcing, inventory turns and wholesale performance;
• Increasing fixed operations productivity, service bay utilization and customer retention;
• Strengthening finance and insurance execution and consistency;
• Maintaining operating expense discipline while preserving appropriate frontline capacity;
• Improving working capital efficiency; and
• Continuing to embed standardized operating practices, training, accountability and performance management across the dealership network.

Management believes these initiatives are establishing a clearer path toward improved profitability and more consistent execution. However, the timing and pace of recovery will depend on continued operational progress and broader industry conditions. The Company believes the operational initiatives implemented during the first half of the year have established a stronger foundation for improved financial performance, with continued progress expected as sales productivity, fixed operations, used vehicle performance and cost discipline continue to improve.

Collision Outlook

Collision operations continue to represent an important long-term growth platform for the Company, supported by insurance-related demand, attractive margin characteristics and consolidation opportunities within a highly fragmented Canadian market.

During the third quarter, Collision revenue increased 21.3% year-over-year, driven by contributions of newly acquired collision centres and expanded core collision capacity. Gross profit increased 44.3%, and gross profit percentage² increased to 55.0% from 46.2%, reflecting contributions from acquired traditional collision businesses and a more favourable mix relative to lower-margin paintless dent repair activity.

The Company continued to advance its collision growth strategy during the quarter through the acquisition of ACX Southgate in Edmonton, Alberta. The acquisition expanded the Company’s collision repair capacity in the Edmonton market and enhances OEM and insurance partner coverage. Since the third quarter of 2025, the Company has acquired 10 collision centres that at maturity are expected to add an additional $7.1 million of annual post-rent EBITDA.

Management remains focused on integrating recently acquired locations and improving performance across the broader platform. Key operational priorities include:

• Expanding OEM certifications and insurance direct repair program relationships;
• Increasing referral volumes from insurers, OEMs and the Company’s dealership network;
• Advancing a standardized national operating model;
• Expanding apprenticeship and technician-development programs;
• Increasing capacity utilization and operational throughput;
• Expanding higher-value services, including diagnostics, calibrations, and coatings;
• Strengthening procurement and vendor relationships; and
• Continuing the rollout of the ACX national brand and B2B strategy.

The Company intends to continue pursuing disciplined collision growth opportunities that enhance regional density, expand capabilities and support long-term margin and cash flow growth. The pace of acquisition activity will remain subject to balance sheet capacity, the availability of attractive opportunities and the Company’s ability to integrate acquired businesses effectively.

During the third quarter, the Company’s Board of Directors initiated a strategic review of the Company’s Collision Operations (the “Strategic Review”). The Board established a special committee of independent directors (the “Special Committee”) to analyze and evaluate a range of strategic alternatives intended to maximize value for AutoCanada and its shareholders and to support the continued growth of its Collision Operations. These alternatives may include, but are not limited to, a separation of the business from AutoCanada, and a potential sale of all or part of the business. The Company has engaged TD Securities Inc. as its exclusive financial advisor for the Strategic Review.

The Board believes the value and growth potential of the Company’s Collision Operations may not be fully reflected in AutoCanada’s current public market valuation.

U.S. Dealership Divestiture Update

The Company continues to make meaningful progress on the divestiture of its U.S. dealership portfolio. With approximately $106 million in gross proceeds, excluding working capital, received to date, the Company is on track to realize proceeds within the previously disclosed range of $115 million to $130 million. The Company has entered into a definitive agreement for the remaining 9 dealerships (2 individual storefronts). The Company expects additional proceeds from related land dispositions, previously identified as held for sale, of up to $19 million.

Proceeds from these transactions are expected to be directed toward debt reduction and to reinforce the Company’s strategic focus on its core Canadian dealership and collision operations. All transactions remain subject to customary closing conditions, including OEM approvals. Upon completion, the divestiture program is expected to enhance financial flexibility, strengthen the balance sheet, and accelerate progress toward the Company’s target leverage range of 2.0x to 3.0x Total Net Funded Debt to Bank EBITDA.

Third Quarter Key Highlights and Recent Developments

Revenue increased by 3.1% in the third quarter of 2026 compared to the third quarter of 2025, primarily due to increases in new vehicle sales, used vehicle sales, and collision repair. This was partially offset by decreases in parts and service and finance, insurance and other (“F&I”).

Gross profit increased by 4.9% to $196.7 million in the third quarter of 2026 compared to the third quarter of 2025, driven by increases in gross profit from used vehicle, collision repair, and F&I. This was partially offset by decreases in new vehicle and parts and service gross profits.

Operating expenses before depreciation² increased by 0.1% to $148.9 million in the third quarter of 2026 compared to the third quarter of 2025. Normalized operating expenses before depreciation¹ increased by 12.1% to $141.6 million, and included the normalization of $4.4 million of restructuring related charges.

Floorplan financing expenses decreased by (2.4)% to $8.7 million due to lower used vehicle inventory balances and a reduction in floorplan interest rates, offset by higher new vehicle inventory balances. Interest on long-term indebtedness decreased due to a reduction in revolving facility balance and interest rates offset by an increase in mortgage financing costs and change in the allocation methodology as a result of the divestiture of the U.S. dealerships.

Net income for the period increased by 1487.9% to a net income of $40.3 million in the third quarter of 2026 compared to $(2.9) million in the third quarter of 2025, as a result of higher gross profits, lower finance costs, higher gain on redemption of liabilities, and unrealized FX gains, partially offset by higher operating expenses, higher impairment of non-financial assets, higher impairment losses on trade and other receivables, and higher income tax expenses.

Adjusted EBITDA¹ decreased by (16.7)% to $48.4 million in the third quarter of 2026 compared to the third quarter of 2025, primarily driven by higher normalized operating expenses, lower lease and other income, and higher impairment losses on trade and other receivables, partially offset by an increase in gross profit. Adjusted EBITDA margin¹ decreased by (0.9)percentage points (“ppts”) to 3.9% for the reasons noted above.

Collision Operations Highlights

Revenue increased  driven by contributions of newly acquired collision centres and expanded core collision capacity.

Gross profit percentage² increased 8.8 ppts primarily driven by disciplined execution across core collision repairs alongside substantially higher paintless dent repair (“PDR”) margins resulting from the severity and specialized nature of recent storm damage.

Trends in the same store revenue and gross profit percentage² are consistent with overall business performance, with the reasons noted above.

Other Recent Developments

During the quarter:

• On July 14, 2026, the Company sold substantially all of the operating assets of Island Chevrolet Buick GMC in Duncan, British Columbia, Abbotsford Volkswagen in Abbotsford, British Columbia, and Chilliwack Volkswagen in Chilliwack, British Columbia for cash consideration of $34.4 million. These dealerships were previously presented as held for sale in the Dealership Operations segment.
• On September 1, 2026, the Company acquired 100% of the shares of Doug’s Place Too Collision Repair Inc. , a collision repair business in Edmonton, Alberta. The acquisition supports management’s strategic objectives of expanding the Company’s collision repair capacity in the Edmonton market and enhances OEM and insurance partner coverage.
• On September 25, 2026, the Company purchased the 10% equity interest in 15154871 Canada Inc., a subsidiary of AutoCanada UD LP, that sells finance, insurance, and warranty products to buyers of private owner-sold vehicles on Kijiji’s online marketplaces (the “Online C2C F&I Business”), from the non-controlling shareholder for cash consideration of $8.0 million. The Company now holds a 100% ownership interest in 15154871 Canada Inc.
• On September 29, 2026, the Company announced that its Board of Directors is initiating a strategic review of the Company’s Collision Operations and has established a special committee of independent directors to analyze and evaluate a range of strategic alternatives intended to maximize value for AutoCanada and its shareholders and to support the continued growth of its Collision Operations.

After the quarter:

• On October 5, 2026, the Company acquired two Colorworks Autobody collision repair facilities located in Coquitlam and Port Coquitlam, British Columbia, for a provisional purchase price of $5.3 million subject to customary closing conditions.
• On November 2, 2026, the Company acquired a collision repair facility (“ACX Cochrane”) located in Cochrane, Alberta, for a provisional purchase price of $2.5 million subject to customary closing conditions.

Conference Call

A conference call to discuss the results for the three months ended September 30, 2026 will be held on November 13, 2026 at 11:00 am Eastern Standard Time (EST). To participate in the conference call, please dial 1-888-510-2154 approximately 10 minutes prior to the call.

This conference call will also be webcast live over the internet and can be accessed by all interested parties at the following URL: https://investors.autocan.ca/2026-q3-conference-call/ 

MD&A and Financial Statements

Information included in this press release is a summary of results. It should be read in conjunction with AutoCanada’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three and nine-month periods ended September 30, 2026, which can be found on the Company’s website at investors.autocan.ca or on www.sedarplus.ca.

All comparisons presented in this press release are between the three-month period ended September 30, 2026 and the three-month period ended September 30, 2025, unless otherwise indicated. Results are reported in Canadian dollars and have been rounded to the nearest thousand dollars, unless otherwise stated.

Condensed Interim Consolidated Statements of Comprehensive Income
(Unaudited)
(in thousands of Canadian dollars except for share and per share amounts)

Condensed Interim Consolidated Statements of Comprehensive Income (continued)
(Unaudited)
(in thousands of Canadian dollars except for share and per share amounts)

Condensed Interim Consolidated Statements of Financial Position
(in thousands of Canadian dollars)

Condensed Interim Consolidated Statements of Cash Flows
(Unaudited)
(in thousands of Canadian dollars)

Condensed Interim Consolidated Statements of Cash Flows (continued)
(Unaudited)
(in thousands of Canadian dollars)

NON-GAAP AND OTHER FINANCIAL MEASURES

This press release contains certain financial measures that do not have any standardized meaning prescribed by GAAP. Therefore, these financial measures may not be comparable to similar measures presented by other issuers. Investors are cautioned these measures should not be construed as an alternative to net income (loss) or to cash provided by (used in) operating, investing, financing activities, cash, and indebtedness determined in accordance with GAAP, as indicators of our performance. We provide these additional Non-GAAP measures (“Non-GAAP Measures”), capital management measures, and supplementary financial measures to assist investors in determining the Company’s ability to generate earnings and cash provided by (used in) operating activities and to provide additional information on how these cash resources are used.

Adjusted EBITDA, adjusted EBITDA margin, normalized operating expenses before depreciation, and normalized operating expenses before depreciation as a percentage of gross profit are not earnings measures recognized by GAAP and do not have standardized meanings prescribed by GAAP. Investors are cautioned that these Non-GAAP Measures should not replace net earnings or loss (as determined in accordance with GAAP) as an indicator of the Company’s performance, cash flows from operating, investing and financing activities or as a measure of liquidity and cash flows. The Company’s methods of calculating referenced Non-GAAP Measures may differ from the methods used by other issuers. Therefore, these measures may not be comparable to similar measures presented by other issuers.

We list and define these “NON-GAAP MEASURES” below:

Adjusted EBITDA

Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) is used for valuation purposes and is an indicator of a company’s operating performance over a period of time and ability to incur and service debt. Adjusted EBITDA provides an indication of the results generated by our principal business activities prior to:

• Interest expense (other than interest expense on floorplan financing), income taxes, depreciation, and amortization;
• Charges that introduce volatility unrelated to operating performance by virtue of the impact of external factors (such as share-based compensation amounts attributed to certain equity issuances);
• Non-cash charges (such as impairment, recoveries, gains or losses on derivatives, revaluation of contingent consideration and revaluation of redemption liabilities);
• Charges outside the normal course of business (such as restructuring, gains and losses on dealership divestitures, and real estate transactions);
• Charges that are non-recurring in nature (such as resolution of lawsuits and legal claims, and share-based compensation amounts attributable to certain equity issuances as part of the transformation plan); and
• Results from disposed business units in Continuing Operations not reflective of the Company’s continuing operating performance (adjusted in the period of disposal).

The Company considers this measure meaningful as it reflects the Company’s continuing operating performance and it provides improved comparability of our operating performance over a period of time.

Adjusted EBITDA Margin

Adjusted EBITDA margin is an indicator of a company’s operating performance specifically in relation to our revenue performance.

The Company considers this measure meaningful as it provides improved continuity with respect to the comparison of our operating performance with retaining and growing profitability as our revenue and scale changes over a period of time.

Normalized Operating Expenses (“Opex”) Before Depreciation

Normalized operating expenses before depreciation is an indicator of a company’s operating expense before depreciation over a period of time, normalized for the following items:

• Transaction costs related to acquisitions, dispositions, and open points;
• Software implementation costs associated with the configuration or customization of software as a service arrangement;
• Restructuring charges relate to non-recurring organizational changes to improve the Company’s profitability and overall efficiency;
• Management transition costs; and
• Share-based compensation expense.

The Company considers this measure meaningful as it provides a comparison of our operating expense normalized for transactions that are not indicative of the Company’s operating expenses over time.

Normalized Operating Expenses Before Depreciation as a Percentage of Gross Profit

Normalized operating expenses before depreciation as a percentage of gross profit is a measure of a company’s normalized operating expenses before depreciation over a period of time in relation to gross profit.

The Company considers this measure meaningful as it provides a comparison of our operating performance, normalized for transactions that are not indicative of the Company’s operating expenses, with our growing profitability as our gross profit and scale changes over a period of time.

NON-GAAP AND OTHER FINANCIAL MEASURES RECONCILIATIONS

Adjusted EBITDA

The following tables illustrate segmented adjusted EBITDA for the Three-month period ended September 30, 2026:

Adjusted EBITDA Margin

The following tables illustrate segmented adjusted EBITDA margin from continuing operations for the Three-month period ended September 30, 2026:

Normalized Operating Expenses Before Depreciation and Normalized Operating Expenses Before Depreciation as a Percentage of Gross Profit

The following tables illustrate segmented normalized opex before depreciation and normalized opex before depreciation as a percentage of gross profit from continuing operations for the Three-month period ended September 30, 2026:

Forward Looking Statements

Certain statements contained in this press release are forward-looking statements and information (collectively “forward-looking statements”), within the meaning of applicable Canadian securities legislation. We hereby provide cautionary statements identifying important factors that could cause actual results to differ materially from those projected in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “will continue”, “is anticipated”, “projection”, “vision”, “goals”, “objective”, “target”, “schedules”, “outlook”, “anticipate”, “expect”, “estimate”, “could”, “should”, “plan”, “seek”, “may”, “intend”, “likely”, “will”, “believe”, “shall” and similar expressions) and the financial outlook with respect to the transformation plan are not all historical facts and are forward-looking and may involve estimates and assumptions and are subject to risks, uncertainties and other factors some of which are beyond our control and difficult to predict.

Forward-looking statements and financial outlook in this press release include: AutoCanada’s future financial position; the expected aggregate proceeds from the U.S. dealership and land divestitures; the completion and the anticipated timing of completion of the U.S. dealership and land disposition transactions; engagement in selling the remaining dealerships of the U.S. Operations segment; the impact of the U.S. dealership divestitures on the Company’s leverage ratio; the anticipated timing of restoring Canadian dealership performance to levels more consistent with industry benchmarks; the impact of restoring Canadian dealership performance to levels more consistent with industry benchmarks on the Company’s leverage ratio; the expected accretive growth of collision operations; the expected incremental annual post-rent EBITDA contribution of collision centres acquired since the third quarter of 2025 once such centres reach maturity; the process for the strategic review of the Company’s Collision Operations (the “Strategic Review”), including the potential evaluation, outcome, terms, and timing of any strategic alternatives; the impact of the Strategic Review on AutoCanada and its shareholders; the growth potential, valuation, and ongoing operations of the Collision Operations; and the Company’s expectations regarding public disclosure.

The financial outlook with respect to dealership operations is disclosed to assist current and future shareholders to evaluate the effectiveness of AutoCanada’s dealership operating model enhancements and initiatives and readers are cautioned that it may not be suitable for any other purpose. Dealership operating model enhancements and initiatives, the completion, and the anticipated timing of completion, are based on the assumptions that improving sales productivity, improving used vehicle margins, fixed operations growth, improving service bay utilization rates, and operating expense cost discipline will improve dealership financial performance. Additional key assumptions or risk factors with respect to improvements in the dealership operating model include the risk of economic stability and other external factors, which may delay progress toward the Company’s targeted 2.0x-3.0x Total Net Funded Debt to Bank EBITDA leverage ratio.

The financial outlook with respect to collision operations is disclosed to assist current and future shareholders to evaluate the effectiveness of AutoCanada’s collision growth plan and collision operating model enhancements and initiatives and readers are cautioned that it may not be suitable for any other purposes. The expected accretive growth of collision operations and the anticipated timing is based on the assumptions that acquisition opportunities remain available, attractive and accretive, newly acquired collision centres are being integrated effectively, and financing continues to be accessible on reasonable and acceptable terms. Collision operating model enhancements and initiatives, the completion, and the anticipated timing of completion, are based on the assumptions that expanding OEM certifications and insurance direct repair program relationships, increasing referral volumes, standardizing the national operating model, expanding apprenticeship and technician-development programs, expanding higher-value services, strengthening procurement and vendor relationships, and completing the rollout of the ACX national brand and B2B strategy will improve collision financial performance. Additional key assumptions or risk factors with respect to the accretive growth of collision operations and collision operating model enhancements and initiatives is the willingness of sellers, economic and industry stability, and other external factors.

The financial outlook with respect to the expected incremental annual post-rent EBITDA contribution of collision centres acquired since the third quarter of 2025 is disclosed to assist current and future shareholders to evaluate the expected contribution of recent acquisitions to AutoCanada’s collision platform and readers are cautioned that it may not be suitable for any other purpose. The expected post-rent EBITDA contribution of such collision centres at maturity is based on the assumptions that repair volumes and capacity utilization achieve anticipated levels, insurer direct repair program and OEM certification relationships are established and maintained, technicians are available at anticipated labour costs, parts and materials costs and lease terms remain consistent with management’s expectations, and such centres reach maturity within the anticipated timeframe. Additional key assumptions or risk factors with respect to the expected post-rent EBITDA contribution include integration challenges, technician shortages, cost inflation, economic and industry stability, and other external factors.

Forward-looking statements with respect to the expected aggregate proceeds from the U.S. dealership and land divestitures, the anticipated timing of completion of the U.S. disposition transactions, and the engagement in selling the remaining U.S. dealerships and lands is disclosed to assist current and future shareholders to evaluate the effectiveness of the U.S. divestiture strategy and readers are cautioned that it may not be suitable for any other purpose. The expected aggregate proceeds from the U.S. dealership divestitures, the anticipated timing of completion of the U.S. disposition transactions, and the engagement in selling the remaining dealerships of the U.S. dealerships and lands are based on the assumptions that customary closing conditions will be satisfied, and OEM approvals will be secured. Additional key assumptions or risk factors with respect to the successful execution of our U.S. divestiture strategy is the willingness of buyers, economic stability, and other external factors.

Forward-looking statements and financial outlook provide information about management’s expectations and plans for the future and may not be appropriate for other purposes. Forward looking statements and financial outlook are based on various assumptions, and expectations that AutoCanada believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove correct. Those assumptions and expectations are based on information currently available to AutoCanada, including information obtained from third-party consultants and other third-party sources, and the historic performance of AutoCanada’s businesses. AutoCanada cautions that the assumptions used to prepare such forward-looking statements and financial outlook,  could prove to be incorrect or inaccurate.

In preparing the forward-looking statements and financial outlook, AutoCanada considered numerous economic, market and operational assumptions, including key assumptions listed under Section 3 Outlook of the MD&A.

The forward-looking statements and financial outlook are also subject to the risks and uncertainties set forth below. By their very nature, forward-looking statements and financial outlook involve numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, AutoCanada’s actual performance and financial results may vary materially from those estimates and expectations contemplated, expressed or implied in the forward-looking statements or financial outlook. These risks and uncertainties include risks relating to failure to realize expected cost-savings, compliance with laws and regulations, reduced customer demand, operational risks, force majeure, labour relations matters, our ability to access external sources of debt and equity capital, and the risks identified in (i) the MD&A under Section 12 Risk Factors and (ii) AutoCanada’s most recent Annual Information Form (the “AIF”). The preceding list of assumptions, risks and uncertainties is not exhaustive.

Accordingly, these factors could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements and financial outlook. Therefore, any such forward-looking statements and financial outlook are qualified in their entirety by reference to the factors discussed throughout this press release and in the MD&A.

Details of the Company’s material forward-looking statements and financial outlook are included in the Company’s most recent AIF. The AIF and other documents filed with securities regulatory authorities (accessible through the SEDAR+ website (www.sedarplus.ca) describe the risks, material assumptions, and other factors that could influence actual results and which are incorporated herein by reference.

When relying on our forward-looking statements and financial outlook to make decisions with respect to AutoCanada, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking statements and financial outlook are provided as of the date of this press release and, except as required by law, AutoCanada does not undertake to update or revise such statements to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking statements or financial outlook.

About AutoCanada

AutoCanada’s Dealership Operations segment operates 61 franchised dealerships in Canada, comprised of 23 automotive brands across 8 provinces as well as three independent used dealerships (“Used Vehicle Operations”). AutoCanada currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2025, our Canadian dealerships sold approximately 71,000 new and used retail vehicles. AutoCanada’s U.S. franchise dealerships, operating as Leader Automotive Group (“Leader”), operates 9 franchised dealerships comprised of 6 brands, in Illinois, USA. In 2025, our U.S. dealerships sold approximately 8,000 new and used retail vehicles. Leader is classified as discontinued operations as the Company progresses the sale of its U.S. dealership portfolio.

AutoCanada’s Collision Operations segment, operating under the ACX brand, operates 38 collision centres (“Collision Centres”), supported by 26 Original Equipment Manufacturer (“OEM”) certifications covering 37 vehicle brands, as of September 30, 2026. The Company’s Collision Operations enables customer retention across multiple touchpoints within the automotive ownership lifecycle.

Additional Information

Additional information about AutoCanada is available at the Company’s website at www.autocan.ca and on the SEDAR+ website at www.sedarplus.ca.

SOURCE AutoCanada Inc.