AutoCanada Inc. (TSE:ACQ - Free Report) - Analysts at National Bank Financial lifted their Q4 2024 earnings per share (EPS) estimates for shares of AutoCanada in a report issued on Wednesday, November 13th. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $0.20 per share for the quarter, up from their previous estimate of $0.03. National Bank Financial currently 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 FY2025 earnings at $2.14 EPS.
Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of AutoCanada from C$18.00 to C$15.00 and set a "hold" rating on the stock in a research report on Wednesday, August 14th. Acumen Capital decreased their price objective on shares of AutoCanada from C$21.50 to C$19.75 in a research note on Thursday, August 15th. CIBC decreased their price objective on shares of AutoCanada from C$15.50 to C$15.00 in a research note on Friday. BMO Capital Markets decreased their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a research note on Thursday. Finally, Cormark decreased their price objective on shares of AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$19.44.
Read Our Latest Report on AutoCanada
AutoCanada Trading Down 0.5 %
Shares of AutoCanada stock traded down C$0.10 on Monday, reaching C$18.80. 28,509 shares of the company's stock were exchanged, compared to its average volume of 47,809. The firm's 50-day moving average is C$15.56 and its two-hundred day moving average is C$17.65. The company has a market capitalization of C$435.97 million, a P/E ratio of -12.04, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.44.
Insiders Place Their Bets
In other news, insider EdgePoint Investment Group Inc. purchased 18,200 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was purchased at an average cost of C$14.88 per share, with a total value of C$270,901.54. Insiders acquired 119,500 shares of company stock valued at $1,779,856 in the last three months. Corporate insiders own 4.90% of the company's stock.
About AutoCanada
(
Get Free Report)
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.
Featured Stories
Before you consider AutoCanada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AutoCanada wasn't on the list.
While AutoCanada currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
