Q3 EPS Estimates for AutoCanada Decreased by Analyst

AutoCanada Inc. (TSE:ACQ - Free Report) - Equities researchers at National Bank Financial lowered their Q3 2024 EPS estimates for AutoCanada in a research note issued to investors on Monday, October 21st. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of ($0.02) for the quarter, down from their previous estimate of $0.39. The consensus estimate for AutoCanada's current full-year earnings is $2.43 per share. National Bank Financial also issued estimates for AutoCanada's Q4 2024 earnings at $0.03 EPS and FY2025 earnings at $1.69 EPS.

Several other equities analysts have also commented on ACQ. National Bankshares decreased their target price on shares of AutoCanada from C$20.00 to C$17.00 and set a "sector 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 note on Wednesday, August 14th. ATB Capital reduced their target price on AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th. Acumen Capital lowered their price target on AutoCanada from C$21.50 to C$19.75 in a report on Thursday, August 15th. Finally, CIBC reduced their price objective on AutoCanada from C$18.00 to C$15.50 and set an "underperform" rating on the stock in a research note 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 company. According to data from MarketBeat.com, AutoCanada has an average rating of "Hold" and a consensus price target of C$19.11.

AutoCanada Price Performance

Shares of TSE ACQ traded down C$0.21 during mid-day trading on Thursday, reaching C$15.41. The company had a trading volume of 33,322 shares, compared to its average volume of 47,719. The firm has a market cap of C$357.36 million, a price-to-earnings ratio of -9.82, a PEG ratio of 0.30 and a beta of 2.54. The business's 50-day simple moving average is C$15.32 and its 200 day simple moving average is C$18.73. AutoCanada has a one year low of C$13.75 and a one year high of C$27.54. 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 (TSE:ACQ - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.96) EPS for the quarter, missing analysts' consensus estimates of C$0.34 by C($1.30). The company had revenue of C$1.60 billion for the quarter, compared to the consensus estimate of C$1.62 billion. AutoCanada had a negative return on equity of 6.62% and a negative net margin of 0.59%.

Insider Activity

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