| AutoCanada Inc. - ACQ.t Operates 30 franchised dealerships in Canada with over 30,000 vehicles sold in 2012. The company sold 1 in every 83 new vehicles in Canada and processed over 310,000 service and collision orders in 333 service bays in 2012. |  |
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AutoCanada Inc. announces strong financial results for the quarter ended March 31, 2013 with an increase in earnings of 65.9%, an increase in its quarterly dividend, and the agreement of Mr. Pat Priestner, CEO, to accept the additional position of Chair:
2013 First Quarter Operating Results
Revenue increased 14.4% or $35.8 million to $284.3 million
Gross profit increased by 19.3% or $8.3 million to $51.1 million
Same store revenue increased by 12.9%
Same store gross profit increased by 16.9%
EBITDA was $10.5 million vs. $6.8 million in Q1 of 2012, a 54.4% increase
Pre-tax earnings increased by $3.5 million or 62.5% to $9.1 million
Net earnings increased by $2.7 million or 65.9% to $6.8 million
Earnings per share increased by 66.7% to $0.345 from $0.207
Same store new vehicles retailed increased by 18.3%
Same store used vehicles retailed decreased by 11.7%
Same store repair orders completed for the quarter were up 7.7%
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