AUTOCANADA ANNOUNCES CONFERENCE CALL AND WEBCAST DETAILS FOR Q1 2023 FINANCIAL RESULTS AND 2023 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

EDMONTON, AB, April 19, 2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced that it will release its financial results for the quarter ended March 31, 2023 on Wednesday, May 3, 2023 after the close of markets. The Company will hold a conference call and webcast to discuss the results on Thursday, May 4, 2023 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

The conference call will include prepared remarks from AutoCanada's management team. After the prepared remarks, the Company will accept questions from analysts .

Date:      May 4, 2023

Time:      9:00 a.m. MT (11:00 a.m. ET)

Call:        1.888.664.6392 (Canada and USA)

Participants are asked to call at least 10 minutes prior to the start of the call. For those unable to participate on the live call, a replay will be made available until Thursday, May 11, 2023 by dialing 1.888.390.0541 (Canada and USA), passcode 912028. The public is invited to listen to the live conference call or the replay.

This conference call will be webcast live over the internet and can be accessed by all interested parties at the following URL: https://investors.autocan.ca/event/2023-q1-conference-call/

For those unable to listen during the live webcast, an audio replay will be available shortly after the conclusion of the conference call for a period of 90 days.

In addition, the Company announced details for its Annual and Special Shareholders Meeting (the "Meeting"). AutoCanada's 2023 Meeting will be held in a virtual only meeting format, which will be conducted via live audio webcast on May 4, 2023, at 11:00 a.m. Mountain Time (1:00 p.m. Eastern Time). Online access to the meeting will begin at 10:45 a.m. Mountain Time. Shareholders will not be able to attend the Meeting in person.

MEETING DATE AND LOCATION

Date:  Thursday, May 4, 2023

Time: 11:00 a.m. MT (1:00 p.m. Eastern Time)

Location: Online at https://meetnow.global/MJQPMTY

About AutoCanada

AutoCanada is a leading North American multi-location automobile dealership group currently operating 83 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, USA. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Acura, Honda and Porsche branded vehicles. In addition, AutoCanada's Canadian Operations segment currently operates three used vehicle dealerships and one used vehicle auction business supporting the Used Digital Retail Division, 11 RightRide division locations, and 10 stand-alone collision centres within our group of 26 collision centres.  In 2022, our dealerships sold approximately 100,000 vehicles and processed over 900,000 service and collision repair orders in our 1,367 service bays generating revenue in excess of $6 billion.

Additional information about AutoCanada is available at www.sedar.com and the Company's website at www.autocan.ca.

SOURCE AutoCanada Inc.

Azim Lalani, Chief Financial Officer, Phone: [phone], Email: [email protected]