AutoCanada Pivots to Dealerships, Explores Collision Unit Sale -- Market Talk

1223 ET - AutoCanada making moves to reorganize its business, most recently by setting up a committee to consider what to do with its collision repair unit. The Canadian automotive retail group is now mulling a potential sale of one of its core business units as part of a broader strategic review for the segment it says isn't fully reflected in its shares. The company only a day prior said it would focus more on its core dealership and collision operations after saying it would discontinue its digital auto-retailing initiatives, which are its online consumer-to-consumer finance and insurance business and its Kijiji-based instant cash offer business. In the same week, AutoCanada's large minority investor, Rob Steele, expanded his stake in the company and bringing his ownership to 10.4%. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

September 29, 2026 12:23 ET (16:23 GMT)