Equities Analysts Issue Forecasts for AutoCanada Q4 Earnings

AutoCanada Inc. (TSE:ACQ) – Equities researchers at National Bank Financial decreased their Q4 2024 earnings per share estimates for AutoCanada in a report released on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.35. National Bank Financial 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 Q4 2025 earnings at $0.22 EPS.

Other equities research analysts have also recently issued reports about the stock. National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$17.00 to C$21.00 in a report on Thursday, November 14th. CIBC lifted their price target on AutoCanada from C$15.00 to C$16.00 and gave the stock an “underperform” rating in a research report on Monday, January 13th. Finally, BMO Capital Markets reduced their price objective on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$19.56.

AutoCanada Price Performance

TSE ACQ opened at C$20.10 on Monday. AutoCanada has a 1 year low of C$13.75 and a 1 year high of C$27.44. The company has a fifty day simple moving average of C$18.20 and a 200 day simple moving average of C$16.93. 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 company has a market cap of C$466.12 million, a P/E ratio of -12.80, a P/E/G ratio of 0.30 and a beta of 2.54.

AutoCanada Company Profile

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.