AUTOCANADA ACQUIRES COCHRANE COLLISION REPAIR FACILITY

Acquisition establishes an ACX presence in Cochrane, adding collision repair capacity in the southern Alberta region

Highlights

• AutoCanada acquired a 9,432-square-foot collision repair facility in Cochrane, Alberta. 
• The facility holds I-CAR Gold Class recognition and maintains direct repair programs with Intact, TD Insurance, Desjardins, Aviva and others.
• The facility is fully equipped to onboard OEM certifications immediately, which will serve as an operational priority.
• The acquisition expands collision repair capacity in the Calgary area and supports AutoCanada's regional operations. 

EDMONTON, AB, Nov. 9, 2026 /CNW/ -- AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a leading Canadian multi-location automobile dealership and collision repair group, today announced that it has completed the acquisition of a collision repair facility in Cochrane, Alberta. 

Located approximately 30 minutes from central Calgary, the facility establishes an ACX collision repair presence in Cochrane and expands the Company's capacity in the southern Alberta region. The location holds I-CAR Gold Class recognition and maintains direct repair programs with Intact, TD Insurance, Desjardins, Aviva, Definity, Wawanesa, Peace Hills, Co-operators and AMA.

"The Cochrane facility expands our collision repair platform into an attractive market adjacent to Calgary and adds experienced technical capacity to our Alberta region," said Samuel Cochrane, Chief Executive Officer of AutoCanada. "As the 10^th collision repair acquisition in the last 12 months, this deal further expands the reach of ACX and demonstrates the acquisition and integration capabilities of the team." 

The acquisition adds critical technician bench strength while expanding conventional repair capacity across AutoCanada's regional collision footprint. Additionally, the facility offers strong strategic synergies with DCC Hail, our Paintless Dent Repair (PDR) business.

Following the acquisition, the facility is expected to operate as ACX Cochrane, supported by AutoCanada's national collision platform, insurer relationships, original equipment manufacturer partnerships and operating practices.

About AutoCanada
AutoCanada's Dealership Operations segment operates 61 franchised dealerships in Canada, representing 23 automotive brands across eight provinces, as well as three independent used vehicle dealerships. In 2025, AutoCanada's Canadian dealerships sold approximately 71,000 new and used retail vehicles. AutoCanada's U.S. dealership portfolio is classified as discontinued operations as the Company progresses its sale.

AutoCanada's Collision Operations segment, operating under the ACX brand, operates 41 collision centres supported by 26 original equipment manufacturer certifications covering 37 vehicle brands. The Collision Operations segment supports customer retention across multiple touchpoints in the automotive ownership lifecycle.

Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements and information (collectively "forward-looking statements"), within the meaning of applicable Canadian securities legislation. We hereby provide cautionary statements identifying important factors that could cause actual results to differ materially from those projected in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "will continue", "is anticipated", "projection", "vision", "goals", "objective", "target", "schedules", "outlook", "anticipate", "expect", "estimate", "could", "should", "plan", "seek", "may", "intend", "likely", "will", "believe", "shall" and similar expressions) are not all historical facts and are forward-looking and may involve estimates and assumptions and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict. In particular, this press release contains forward-looking statements with respect to, among other things: the growth potential and ongoing operations of AutoCanada's collision operations; the future operating results of the acquired collision repair facility; the successful integration of the Cochrane collision repair facility into AutoCanada's business; the realization of anticipated operational and commercial synergies; the expected additional collision repair capacity and additional technical expertise and repair capacity; the expected rebranding and operation of the facility under the ACX banner; the continuation of the facility's insurer direct repair programs and original equipment manufacturer certifications; coordination with AutoCanada's dealership operations in the region; and the retention of collision repair volume within AutoCanada's network.

Forward-looking statements provide information about management's expectations and plans for the future and may not be appropriate for other purposes. Forward-looking statements are based on various assumptions and expectations that AutoCanada believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove correct. Those assumptions and expectations are based on information currently available to AutoCanada, including information obtained from third-party consultants and other third-party sources, and the historic performance of AutoCanada's businesses. AutoCanada cautions that the assumptions used to prepare such forward-looking statements could prove to be incorrect or inaccurate.

In preparing the forward-looking statements, AutoCanada considered numerous economic, market and operational assumptions, including key assumptions listed under Section 3 Market and Financial Outlook of the Company's Management's Discussion & Analysis for the three-month period and year ended December 31, 2025 (the "MD&A").

The forward-looking statements are also subject to known and unknown risks and uncertainties. These risks and uncertainties include, without limitation: the risk that the acquisition does not achieve its intended benefits; difficulties integrating the facility into AutoCanada's collision operations; the loss of insurer direct repair programs, original equipment manufacturer certifications or key technicians; potential disruption to operations, key relationships, or management attention during the integration; general market and economic conditions; compliance with laws and regulations; reduced customer demand; operational risks; force majeure; labour relations matters; our ability to access external sources of debt and equity capital; and the risks identified in (i) the MD&A under Section 12 Risk Factors and (ii) AutoCanada's most recent Annual Information Form (the "AIF"). The preceding list of assumptions, risks and uncertainties is not exhaustive.

Accordingly, these factors could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Therefore, any such forward-looking statements are qualified in their entirety by reference to the factors discussed throughout this press release and in the MD&A.

Details of the Company's material forward-looking statements are included in the Company's most recent AIF. The AIF and other documents filed with securities regulatory authorities (accessible through the SEDAR+ website at www.sedarplus.ca) describe the risks, material assumptions, and other factors that could influence actual results and which are incorporated herein by reference.

When relying on our forward-looking statements to make decisions with respect to AutoCanada, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking statements are provided as of the date of this press release and, except as required by law, AutoCanada does not undertake to update or revise such statements to reflect new information, subsequent events or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Additional Information

Additional information about AutoCanada is available at www.autocan.ca and on SEDAR+ at www.sedarplus.ca.

SOURCE AutoCanada Inc.

For Further Information Contact: Mike Woodward, Chief Financial Officer, Phone: [phone], Email: [email protected]