AutoCanada (ACQ) Scheduled to Post Earnings on Thursday

AutoCanada (TSE:ACQ) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect AutoCanada to post earnings of C$0.40 per share for the quarter.

AutoCanada (TSE:ACQ) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.69 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.13. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. The business had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.43 billion.

AutoCanada Price Performance

Shares of ACQ stock opened at C$23.91 on Thursday. AutoCanada has a fifty-two week low of C$15.14 and a fifty-two week high of C$27.54. The firm has a market capitalization of C$564.52 million, a price-to-earnings ratio of 11.61, a PEG ratio of 0.30 and a beta of 2.60. The company has a debt-to-equity ratio of 396.08, a quick ratio of 0.25 and a current ratio of 1.04. The stock’s 50-day simple moving average is C$23.73 and its 200-day simple moving average is C$22.52.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ACQ shares. Canaccord Genuity Group dropped their target price on AutoCanada from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research report on Friday, March 8th. Acumen Capital dropped their target price on AutoCanada from C$33.00 to C$24.50 and set a “speculative buy” rating on the stock in a research report on Friday, March 8th. Scotiabank upped their target price on AutoCanada from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. National Bankshares dropped their target price on AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating on the stock in a research report on Friday, March 8th. Finally, BMO Capital Markets dropped their target price on AutoCanada from C$24.00 to C$23.00 and set a “market perform” rating on the stock in a research report on Friday, March 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, AutoCanada has an average rating of “Hold” and an average price target of C$27.95.

Insider Activity at AutoCanada

In other news, insider EdgePoint Investment Group Inc. acquired 21,200 shares of AutoCanada stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of C$26.64 per share, with a total value of C$564,865.52. In the last ninety days, insiders bought 33,450 shares of company stock valued at $857,115. 4.70% of the stock is owned by insiders.

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.