Atb Cap Markets Increases Earnings Estimates for AutoCanada

AutoCanada Inc. (TSE:ACQ) – Equities research analysts at Atb Cap Markets increased their FY2024 earnings per share estimates for shares of AutoCanada in a research report issued to clients and investors on Thursday, November 14th. Atb Cap Markets analyst C. Murray now forecasts that the company will earn ($0.43) per share for the year, up from their prior estimate 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.

ACQ has been the topic of a number of other research reports. Royal Bank of Canada cut their price objective 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. Acumen Capital cut their price target on AutoCanada from C$21.50 to C$19.75 in a report on Thursday, August 15th. ATB Capital decreased their price objective on AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th. Canaccord Genuity Group cut their target price on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Finally, National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$17.00 to C$21.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$19.44.

AutoCanada Price Performance

Shares of TSE:ACQ opened at C$18.90 on Monday. The firm has a 50 day moving average of C$15.56 and a 200-day moving average of C$17.65. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. 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 stock has a market capitalization of C$438.29 million, a PE ratio of -12.04, a PEG ratio of 0.30 and a beta of 2.54.

Insider Buying and Selling at AutoCanada

In related news, insider EdgePoint Investment Group Inc. bought 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of C$14.33 per share, with a total value of C$108,939.16. In the last ninety days, insiders purchased 119,500 shares of company stock worth $1,779,856. 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.