Cormark Brokers Reduce Earnings Estimates for AutoCanada

AutoCanada Inc. (TSE:ACQ) – Stock analysts at Cormark lowered their Q2 2025 EPS estimates for shares of AutoCanada in a report issued on Friday, November 15th. Cormark analyst D. Ocampo now forecasts that the company will earn $0.60 per share for the quarter, down from their previous estimate of $0.75. The consensus estimate for AutoCanada’s current full-year earnings is $2.43 per share. Cormark also issued estimates for AutoCanada’s FY2025 earnings at $1.20 EPS.

Other research analysts have also issued reports about the company. Canaccord Genuity Group dropped their price target on 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. National Bank Financial upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$17.00 to C$21.00 in a report on Thursday, November 14th. Acumen Capital dropped their price objective on shares of AutoCanada from C$21.50 to C$19.75 in a research note on Thursday, August 15th. Finally, ATB Capital decreased their target price on shares of AutoCanada from C$25.00 to C$20.00 in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$19.44.

AutoCanada Price Performance

Shares of TSE:ACQ opened at C$18.79 on Monday. The company’s fifty day moving average is C$15.65 and its two-hundred day moving average is C$17.64. The company has a market cap of C$435.74 million, a P/E ratio of -11.97, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a 12-month low of C$13.75 and a 12-month high of C$27.44. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38.

Insiders Place Their Bets

In related news, insider EdgePoint Investment Group Inc. purchased 27,200 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was bought at an average price of C$15.47 per share, for a total transaction of C$420,900.96. Insiders acquired 119,500 shares of company stock valued at $1,779,856 over the last ninety days. Corporate insiders own 4.90% 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.