AutoCanada Inc. (TSE:ACQ – Free Report) – Research analysts at National Bank Financial lowered their Q3 2024 earnings estimates for shares of AutoCanada in a report released on Tuesday, August 13th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.74. The consensus estimate for AutoCanada’s current full-year earnings is $1.65 per share. National Bank Financial also issued estimates for AutoCanada’s Q4 2024 earnings at $0.80 EPS and FY2024 earnings at $0.67 EPS.
Other equities analysts have also issued research reports about the company. Cormark decreased their price target on AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday. National Bankshares decreased their target price on AutoCanada from C$20.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Royal Bank of Canada lowered their target price on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Wednesday. CIBC reduced their price target on shares of AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets lowered their price objective on shares of AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$19.11.
AutoCanada Stock Performance
Shares of TSE:ACQ opened at C$14.65 on Friday. AutoCanada has a 1 year low of C$14.20 and a 1 year high of C$27.54. The stock has a market capitalization of C$343.84 million, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 408.35, a current ratio of 1.05 and a quick ratio of 0.25. The company’s 50 day simple moving average is C$18.97 and its 200 day simple moving average is C$21.36.
Insiders Place Their Bets
In other AutoCanada news, Director Christopher Harris purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of C$14.48 per share, with a total value of C$72,400.00. Insiders have acquired 8,000 shares of company stock valued at $131,300 in the last ninety days. 4.79% 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.
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