Atb Cap Markets Increases Earnings Estimates for AutoCanada

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

A number of other equities analysts have also weighed in on the stock. Cormark lowered their price target on shares of AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. Royal Bank of Canada lowered their price target on shares of AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Canaccord Genuity Group lowered their price target on shares of AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. CIBC lowered their price target on shares of AutoCanada from C$15.50 to C$15.00 in a research report on Friday. Finally, BMO Capital Markets lowered their price target on shares of 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 assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$19.44.

AutoCanada Stock Down 0.6 %

Shares of TSE ACQ opened at C$18.79 on Monday. The firm has a market cap of C$435.74 million, a price-to-earnings ratio of -11.97, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$27.44. The company’s 50-day simple moving average is C$15.65 and its 200-day simple moving average is C$17.64. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38.

Insider Buying and Selling

In other news, insider EdgePoint Investment Group Inc. purchased 7,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was bought at an average price of C$14.33 per share, for a total transaction of C$108,939.16. Insiders have acquired a total of 119,500 shares of company stock valued at $1,779,856 in the last ninety days. Company insiders own 4.90% of the company’s stock.

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.