Cormark Has Pessimistic View of AutoCanada Q2 Earnings

AutoCanada Inc. (TSE:ACQ) – Investment analysts at Cormark cut their Q2 2025 EPS estimates for shares of AutoCanada in a report issued on Friday, November 15th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $0.60 per share for the quarter, down from their previous estimate of $0.75. The consensus estimate for AutoCanada’s current full-year earnings is $2.43 per share. Cormark also issued estimates for AutoCanada’s FY2025 earnings at $1.20 EPS.

Several other equities research analysts have also recently commented on the company. National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$17.00 to C$21.00 in a research note on Thursday. National Bank Financial upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. ATB Capital decreased their target price on shares of AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. CIBC cut their price target on shares of AutoCanada from C$15.50 to C$15.00 in a research report on Friday. Finally, Acumen Capital decreased their price objective on AutoCanada from C$21.50 to C$19.75 in a report on Thursday, August 15th. One investment 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.com, the company has an average rating of “Hold” and an average price target of C$19.44.

AutoCanada Stock Performance

Shares of AutoCanada stock opened at C$18.90 on Monday. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25. The firm has a market cap of C$438.29 million, a price-to-earnings ratio of -12.04, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a one year low of C$13.75 and a one year high of C$27.44. The stock’s 50-day moving average is C$15.56 and its 200-day moving average is C$17.65.

Insider Activity

In related news, insider EdgePoint Investment Group Inc. bought 18,200 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was bought at an average price of C$14.88 per share, for a total transaction of C$270,901.54. Insiders bought a total of 119,500 shares of company stock valued at $1,779,856 in the last quarter. Company 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.