With the company’s founder and chief information officer Ryan O'Connor saying its growth is “rooted in our team’s commitment to developing the best-in-class product for our dealers,” EBlock said it placed as the highest ranked automotive company on the 2020 Report on Business ranking of Canada’s Top Growing Companies.

EBlock also placed No. 30 overall on the list, which comes from media company, The Globe and Mail.

O’Connor said that at the time of EBlock’s founding in 2015, company leaders knew that the future of auto auctions would be digital.

“However, we underestimated how fast this would happen,” O’Connor said in a news release.

O’Connor continued, “We are very fortunate that our technology back then fully aligned with the automotive industry of today. We are humbled by the overwhelming dealer support that has continued to grow since our very first auction. Thank you to all of our partners and team members for helping us achieve this success.”

CanadaWheels.ca, an online marketplace for automotive wheels, tires and parts; and finance company Canada Drives were among additional auto-related companies on the list.

The full list of 2020 winners is available.

The Canada's Top Growing Companies ranking launched in 2019 and celebrates Canadian entrepreneurial achievement by “identifying and amplifying” the success of Canadian independent businesses. A total of 400 companies earned a spot on this year’s list.

The stories of the companies on the list are especially relevant during the COVID-19 pandemic, said Report on Business magazine editor James Cowan.

“As businesses work to rebuild the economy, their resilience and innovation make for essential reading,” Cowan said.