National Bank Financial Estimates AutoCanada Q4 Earnings

AutoCanada Inc. (TSE:ACQ) – Investment analysts at National Bank Financial lifted their Q4 2024 earnings per share (EPS) estimates for AutoCanada in a research note issued on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $0.35 for the quarter, up from their prior forecast of $0.20. 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 Q1 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $1.07 EPS, FY2025 earnings at $2.10 EPS and FY2026 earnings at $4.61 EPS.

A number of other research analysts have also recently commented on the company. ATB Capital cut their target price on AutoCanada from C$25.00 to C$20.00 in a research note on Wednesday, August 14th. BMO Capital Markets reduced their target price on AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th. National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$17.00 to C$21.00 in a research report on Thursday, November 14th. CIBC cut their price target on shares of AutoCanada from C$15.50 to C$15.00 in a report on Friday, November 15th. Finally, Cormark lowered their price objective on shares of AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$19.44.

AutoCanada Price Performance

ACQ stock opened at C$19.26 on Friday. The stock has a market cap of C$446.64 million, a PE ratio of -12.27, a P/E/G 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 50-day moving average price of C$16.60 and a 200 day moving average price of C$17.47. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38.

Insider Transactions at AutoCanada

In other news, insider EdgePoint Investment Group Inc. purchased 27,200 shares of the business’s stock in a transaction on Friday, September 20th. The shares were acquired at an average cost of C$15.47 per share, with a total value of C$420,900.96. In the last three months, insiders purchased 82,300 shares of company stock valued at $1,236,666. Corporate 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.