Atb Cap Markets Increases Earnings Estimates for AutoCanada

AutoCanada Inc. (TSE:ACQ - Free Report) - Stock analysts at Atb Cap Markets lifted their FY2024 EPS estimates for AutoCanada in a report released on Thursday, November 14th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of ($0.43) for the year, up from their previous forecast of ($0.98). The consensus estimate for AutoCanada's current full-year earnings is $2.43 per share. Atb Cap Markets also issued estimates for AutoCanada's Q4 2024 earnings at $0.04 EPS, Q2 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.51 EPS, Q2 2026 earnings at $0.50 EPS and FY2026 earnings at $1.82 EPS.

A number of other research firms have also commented on ACQ. CIBC cut their price objective on shares of AutoCanada from C$15.50 to C$15.00 in a research report on Friday. Royal Bank of Canada cut their price objective on shares of AutoCanada from C$21.00 to C$18.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 14th. ATB Capital cut their price objective on shares of AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. National Bank Financial upgraded shares of AutoCanada from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, Acumen Capital dropped their target price on shares of AutoCanada from C$21.50 to C$19.75 in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$19.44.

AutoCanada Price Performance

Shares of ACQ stock traded down C$0.11 during trading hours on Monday, reaching C$18.79. The stock had a trading volume of 35,171 shares, compared to its average volume of 47,839. The stock's fifty day simple moving average is C$15.65 and its 200 day simple moving average is C$17.64. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The firm has a market capitalization of C$435.74 million, a PE ratio of -11.97, a PEG ratio of 0.30 and a beta of 2.54.

Insider Transactions at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. acquired 7,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of C$14.33 per share, for a total transaction of C$108,939.16. In the last ninety days, insiders acquired 119,500 shares of company stock worth $1,779,856. 4.90% of the stock is currently owned by insiders.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.