Atb Cap Markets Increases Earnings Estimates for AutoCanada

AutoCanada Inc. (TSE:ACQ) – Analysts at Atb Cap Markets boosted their FY2024 earnings estimates for shares of AutoCanada in a report issued on Thursday, November 14th. Atb Cap Markets analyst C. Murray now expects that the company will earn ($0.43) per share for the year, up from their previous estimate 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.

Several other research analysts have also recently issued reports on ACQ. ATB Capital lowered their target price on shares of AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th. National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$17.00 to C$21.00 in a report on Thursday, November 14th. Cormark lowered their target price on shares of AutoCanada from C$25.50 to C$21.75 in a report on Wednesday, August 14th. Royal Bank of Canada decreased 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 research note on Wednesday, August 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$19.44.

AutoCanada Trading Down 0.6 %

Shares of AutoCanada stock opened at C$18.79 on Monday. The company has a fifty day simple moving average of C$15.65 and a 200-day simple moving average of C$17.64. AutoCanada has a 12-month low of C$13.75 and a 12-month high of C$27.44. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The stock has a market cap of C$435.74 million, a price-to-earnings ratio of -11.97, a PEG ratio of 0.30 and a beta of 2.54.

Insiders Place Their Bets

In other news, insider EdgePoint Investment Group Inc. acquired 18,200 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was bought at an average price of C$14.88 per share, for a total transaction of C$270,901.54. In the last quarter, insiders bought 119,500 shares of company stock worth $1,779,856. 4.90% of the stock is 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.