Q3 2024 EPS Estimates for AutoCanada Inc. Decreased by National Bank Financial (TSE:ACQ)

AutoCanada Inc. (TSE:ACQ) – Analysts at National Bank Financial lowered their Q3 2024 EPS estimates for shares of AutoCanada in a research note issued on Thursday, May 2nd. National Bank Financial analyst M. Sytchev now expects that the company will earn $0.74 per share for the quarter, down from their prior estimate of $0.86. The consensus estimate for AutoCanada’s current full-year earnings is $3.04 per share.

AutoCanada (TSE:ACQ) last posted its earnings results on Thursday, March 7th. The company reported C$0.69 EPS for the quarter, topping the consensus estimate of C$0.56 by C$0.13. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. The business had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion.

Other equities research analysts have also issued research reports about the stock. Cormark set a C$35.00 price objective on shares of AutoCanada in a report on Tuesday, March 19th. Acumen Capital lowered shares of AutoCanada from a “speculative buy” rating to a “hold” rating and decreased their price target for the company from C$24.50 to C$21.50 in a report on Friday, May 3rd. BMO Capital Markets decreased their price objective on AutoCanada from C$23.00 to C$21.00 in a research report on Monday. Atb Cap Markets lowered shares of AutoCanada from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 3rd. Finally, CIBC cut shares of AutoCanada from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from C$25.00 to C$18.00 in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$23.00.

AutoCanada Price Performance

TSE:ACQ opened at C$21.05 on Monday. The firm has a market cap of C$496.99 million, a PE ratio of 10.22, a price-to-earnings-growth ratio of 0.30 and a beta of 2.60. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 396.08. AutoCanada has a 12 month low of C$15.14 and a 12 month high of C$27.54. The company’s 50-day moving average price is C$24.01 and its two-hundred day moving average price is C$22.36.

Insider Buying and Selling

In related news, insider EdgePoint Investment Group Inc. acquired 1,200 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were purchased at an average cost of C$23.95 per share, for a total transaction of C$28,740.00. Over the last 90 days, insiders acquired 34,650 shares of company stock worth $885,855. Company insiders own 4.70% of the company’s stock.

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.