AutoCanada (ACQ) to Release Earnings on Wednesday

AutoCanada (TSE:ACQ - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

AutoCanada (TSE:ACQ - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.96) earnings per share for the quarter, missing analysts' consensus estimates of C$0.34 by C($1.30). The business had revenue of C$1.60 billion during the quarter, compared to analyst estimates of C$1.62 billion. AutoCanada had a negative net margin of 0.59% and a negative return on equity of 6.62%.

AutoCanada Stock Down 1.6 %

AutoCanada stock traded down C$0.23 during mid-day trading on Wednesday, reaching C$14.26. 48,606 shares of the company's stock were exchanged, compared to its average volume of 47,314. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44. The company has a market cap of C$330.69 million, a P/E ratio of -9.08, a P/E/G ratio of 0.30 and a beta of 2.54. The company has a fifty day moving average of C$15.35 and a 200-day moving average of C$18.10.

Insider Activity

In other AutoCanada news, Director Christopher Harris bought 5,000 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of C$14.48 per share, with a total value of C$72,400.00. In other AutoCanada news, insider EdgePoint Investment Group Inc. acquired 7,600 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of C$14.33 per share, with a total value of C$108,939.16. Also, Director Christopher Harris purchased 5,000 shares of the company's stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of C$14.48 per share, with a total value of C$72,400.00. Insiders have bought a total of 124,500 shares of company stock valued at $1,852,256 over the last quarter. Corporate insiders own 4.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on ACQ shares. BMO Capital Markets dropped their target price on AutoCanada from C$21.00 to C$19.50 and set a "market perform" rating on the stock in a report on Wednesday, August 14th. Cormark cut their target price on AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. National Bankshares decreased their target price on AutoCanada from C$20.00 to C$17.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 14th. Royal Bank of Canada dropped their price target on shares of AutoCanada from C$21.00 to C$18.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 14th. Finally, ATB Capital reduced their price objective on shares of AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$19.11.

AutoCanada Company Profile

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.