National Bank Financial Comments on AutoCanada Q4 Earnings

AutoCanada Inc. (TSE:ACQ) – Stock analysts at National Bank Financial lowered their Q4 2024 earnings per share (EPS) estimates for shares of AutoCanada in a research note issued to investors on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.35. National Bank Financial currently 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.

ACQ has been the subject of several other reports. CIBC raised their target price on shares of AutoCanada from C$15.00 to C$16.00 and gave the stock an “underperform” rating in a report on Monday, January 13th. BMO Capital Markets reduced their target price on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. Finally, National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$17.00 to C$21.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$19.56.

AutoCanada Trading Up 0.4 %

TSE:ACQ opened at C$20.10 on Monday. The stock 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 quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The firm has a market capitalization of C$466.12 million, a price-to-earnings ratio of -12.80, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44.

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.