Mr. Sam Cochrane reports

AUTOCANADA CLOSES SALE OF TOYOTA OF LINCOLNWOOD, ADVANCING U.S. EXIT

AutoCanada Inc. has completed the sale of Toyota of Lincolnwood in Lincolnwood, Ill. The dealership was part of the company's U.S. operations, which were classified as discontinued operations at the end of 2024, and generated a net loss from discontinued operations of $103.4-million in 2024.

AutoCanada received approximately $40.1-million in cash for goodwill and fixed assets, excluding inventory and net working capital. Net proceeds will be used to reduce the outstanding balance of the company's revolving credit facility. For the 12 months ended March 31, 2026, Toyota of Lincolnwood generated revenue of approximately $79.4-million (for the year ended Dec. 31, 2024: $110.6-million) and net income of $5.8-million (for the year ended Dec. 31, 2024: $0-million).

"The sale of Toyota of Lincolnwood marks a significant milestone in our U.S. exit and reflects the progress we have made on the strategic decision to focus our capital and management attention on our core Canadian dealership and collision operations," said Samuel Cochrane, chief executive officer and interim chief financial officer of AutoCanada. "While the divestiture process has taken longer than originally anticipated, we have now generated approximately $106-million of proceeds from our U.S. dealership sales. Supported by the underlying real estate value associated with our remaining U.S. stores, we remain confident in achieving toward the high end of our expected $115-to-$130-million proceeds range and completing the sale of our remaining U.S. dealerships this year."

About AutoCanada Inc.

AutoCanada's dealership operations segment operates 64 franchised dealerships in Canada, comprising 23 automotive brands across eight provinces, as well as three independent used dealerships. 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, the company's Canadian dealerships sold approximately 71,000 new and used retail vehicles. AutoCanada's U.S. franchise dealerships, operating as Leader Automotive Group, operate nine franchised dealerships comprising six brands in Illinois. In 2025, AutoCanada's 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 centre operations segment operates 36 collision centres, supported by 26 original equipment manufacturer (OEM) certifications covering 37 vehicle brands. The company's collision centre operations segment enables customer retention across multiple touch points within the automotive ownership life cycle.

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