AutoCanada Inc (TSX:ACQ)
C$ 14.54 -0.3 (-2.02%) Market Cap: 337.16 Mil Enterprise Value: 2.56 Bil PE Ratio: 0 PB Ratio: 0.68 GF Score: 74/100

Q3 2023 AutoCanada Inc Earnings Call Transcript

Nov 09, 2023 / 04:00PM GMT
Release Date Price: C$20.66 (-22.91%)
Paul Antony
AutoCanada Inc - Executive Chairman

We close the gap to our normalized peer profitability over the coming years. And to do this, we've identified a multitude of areas where we can realize productivity gains, cost efficiencies, and capture greater share of wallet by maximizing all revenue opportunities as well as our investments in people, process and technology and a full service omnichannel ecosystem.

Project elevate initiatives include an enhanced used vehicle sourcing and speed to market. Strategy, optimization of F&I and fixed operations through best practices and bandwidth management across all of our stores, ramping our F&I and instant cash offer consumer solutions on multiple marketplaces.

Creating a growth-oriented and cost-effective organization to get rid of ineffectual spending, centralizing procurement and improving utilization of resources through dedicated financial planning and analysis, enhanced marketing strategies and IT modernization. Combined these initiatives will unlock economies of scale within the organization, which will not only benefit

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