AutoCanada (ACQ) to Release Quarterly Earnings on Wednesday

AutoCanada (TSE:ACQ) will be releasing its earnings data after the market closes on Wednesday, November 13th. Analysts expect AutoCanada to post earnings of C$0.04 per share for the quarter.

AutoCanada (TSE:ACQ) last announced its earnings results on Tuesday, August 13th. The company reported C($0.96) EPS for the quarter, missing the consensus estimate of C$0.34 by C($1.30). The company had revenue of C$1.60 billion for the quarter, compared to analyst estimates of C$1.62 billion. AutoCanada had a negative return on equity of 6.62% and a negative net margin of 0.59%.

AutoCanada Trading Down 0.6 %

Shares of ACQ stock opened at C$14.46 on Tuesday. AutoCanada has a 1-year low of C$13.75 and a 1-year 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 cap of C$335.33 million, a price-to-earnings ratio of -9.21, a PEG ratio of 0.30 and a beta of 2.54. The stock has a 50-day moving average of C$15.34 and a 200-day moving average of C$17.86.

Insider Activity at AutoCanada

In other AutoCanada news, Director Christopher Harris acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of C$14.48 per share, with a total value of C$72,400.00. In related news, Director Christopher Harris acquired 5,000 shares of the stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of C$14.48 per share, with a total value of C$72,400.00. Also, insider EdgePoint Investment Group Inc. bought 27,200 shares of AutoCanada stock in a transaction dated Friday, September 20th. The shares were bought at an average cost of C$15.47 per share, with a total value of C$420,900.96. Over the last three months, insiders acquired 124,500 shares of company stock valued at $1,852,256. 4.90% of the stock is owned by insiders.

Analyst Ratings Changes

ACQ has been the subject of several analyst reports. CIBC lowered their price target on shares of AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating for the company in a report on Wednesday, August 14th. National Bankshares dropped their target price on shares of AutoCanada from C$20.00 to C$17.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. BMO Capital Markets decreased their price target on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating for the company in a report on Wednesday, August 14th. Canaccord Genuity Group lowered their price objective on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Cormark cut their target price on AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, AutoCanada presently has an average rating of “Hold” and a consensus target price of C$19.11.

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.