AutoCanada Q4 EPS Increased by National Bank Financial

AutoCanada Inc. (TSE:ACQ - Free Report) - Equities researchers at National Bank Financial lifted their Q4 2024 earnings estimates for AutoCanada in a research report issued on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.35 per share for the quarter, up from their prior estimate of $0.20. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for AutoCanada's current full-year earnings is $2.43 per share. National Bank Financial also issued estimates for AutoCanada's Q1 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $1.07 EPS, FY2025 earnings at $2.10 EPS and FY2026 earnings at $4.61 EPS.

Several other analysts have also commented on the company. Acumen Capital dropped their price objective on AutoCanada from C$21.50 to C$19.75 in a report on Thursday, August 15th. Royal Bank of Canada cut their price target on shares of AutoCanada from C$21.00 to C$18.00 and set a "sector perform" rating for the company in a report on Wednesday, August 14th. ATB Capital decreased their price objective on shares of AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th. BMO Capital Markets cut their target price on shares of AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th. Finally, CIBC decreased their price target on shares of AutoCanada from C$15.50 to C$15.00 in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AutoCanada currently has a consensus rating of "Hold" and an average target price of C$19.44.

AutoCanada Price Performance

Shares of TSE:ACQ traded up C$0.57 during trading on Friday, reaching C$19.26. 54,984 shares of the company's stock traded hands, compared to its average volume of 46,770. 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 fifty-two week low of C$13.75 and a fifty-two week high of C$27.44. The company has a 50-day simple moving average of C$16.60 and a 200-day simple moving average of C$17.47. The firm has a market cap of C$446.64 million, a PE ratio of -12.27, a P/E/G ratio of 0.30 and a beta of 2.54.

Insider Activity at AutoCanada

In other news, insider EdgePoint Investment Group Inc. purchased 37,000 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of C$14.98 per share, with a total value of C$554,400.60. Over the last 90 days, insiders purchased 82,300 shares of company stock valued at $1,236,666. 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.