Tuesday Ticker: May 24, 2022
Toronto, Ontario — Ford throws seven million more Rivian shares up for sale while Uber tries to offset its losses in Collision Repair’s weekly Tuesday Ticker. Red-tag item, Rivian Last week, it was reported Ford Motor Co. had offloaded eight million shares in electric vehicle startup Rivian. On Monday, May 16, the automaker sold a […]
Loosening the Leash: Ford sells eight million Rivian shares, totalling $214 million
Toronto, Ontario — Ford is shedding some of its shares in electric vehicle upstart Rivian, according to a filing to the U.S. Securities and Exchanges Commission. The legacy automaker sold eight million Rivian shares on Tuesday, an amount totalling $214 million at $26.80 per share; a relatively small offload considering Ford still holds 94 million […]
Tuesday Ticker: May 10, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada picks up two luxury dealerships in Ontario, teasing the potential to expand its collision services; Uni-Select reports a “strong start” to the year with its Q1 2022 financial results, and a Toronto-based parts maker sees big drops in net profits. Leaning on luxury AutoCanada added two […]
Tuesday Ticker: May 3, 2022
Toronto, Ontario — This week, LKQ beats out analyst estimates with its Q1 2022 earnings report; Volkswagen considers Canada for future electrified business and Tesla CEO Elon Musk makes a deal to buy Twitter. LKQ’s leap LKQ reported its Q1 2022 earnings last week, beating out analyst estimates with earnings of US$1 per share. Zacks […]
Tuesday Ticker: April 26, 2022
Toronto, Ontario — In this Tuesday Ticker, General Motors shares some hefty news a mere day before the OEM reveals its Q1 2022 financial reports, while 3M plans to leverage technology from a digital inventory management solutions company. Corvettes and currents General Motors will launch an electric version of the Chevrolet Corvette sports car starting […]
Tuesday Ticker: March 15, 2022
Toronto, Ontario — In this weekly edition of Collision Repair’s Tuesday Ticker, EV automaker Rivian snags a top exec from Magna while Guelph, Ont.-based Linamar sees significant stock dips due to the ongoing Russia-Ukraine conflict. Plus, AutoCanada reports a personal best for fourth-quarter revenues. Rivian tags Magna exec Electric vehicle maker Rivian announced it has […]
Up at Uni-Select: Company beats analyst estimates with Q4 2021 results
Boucherville, Quebec — Uni-Select reported its financial results for Q4 2021 last Friday, noting it “ended the year on a very strong note” with sales rising 9.3 percent to $400.2 million, ahead of the $394 million analysts had anticipated. Uni-Select’s net earnings for the quarter increased by $14.1 million to $9.0 million, while adjusted earnings […]
Tuesday Ticker: February 22, 2022
Toronto, Ontario — This week, Magna feels the effects of the Ambassador Bridge closure on top of an already difficult start to the year; Volkswagen and Huawei reportedly eye a partnership in autonomous driving tech and both Renault and Rivian vow never to dip their toes into the ocean. Ambassador effects Magna International is feeling […]
Go for Glass: Driven Brands expands auto glass offering into U.S. with Auto Glass Now acquisition
Charlotte, North Carolina — Driven Brands announced the expansion of its auto glass offering into the United States Tuesday with its acquisition of Auto Glass Now (AGN). The company acquired AGN for approximately US$170 million on Dec. 30, 2021. The acquisition makes Driven Brands one of largest auto glass service providers in North America, said […]
Tuesday Ticker: December 28, 2021
Toronto, Ontario — As we close out 2021, this week’s Tuesday Ticker is all about the top six automotive industry stocks to turn your eyes to—or avoid at all costs—in 2022. Check out Collision Repair’s list of stocks to watch below! Tesla Seems like a duh, right? Tesla has reached all-time heights in 2021, […]
