AutoCanada (ACQ) to Release Quarterly Earnings on Thursday

AutoCanada (TSE:ACQ) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.40 per share for the quarter.

AutoCanada (TSE:ACQ) last announced its 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 firm had revenue of C$1.48 billion for the quarter, compared to the consensus estimate of C$1.43 billion.

AutoCanada Price Performance

Shares of TSE ACQ opened at C$24.20 on Tuesday. AutoCanada has a twelve month low of C$15.14 and a twelve month high of C$27.54. The stock’s 50 day moving average price is C$23.92 and its 200-day moving average price is C$22.48. The company has a market capitalization of C$571.36 million, a PE ratio of 11.75, a PEG ratio of 0.30 and a beta of 2.60. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 396.08.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ACQ shares. CIBC boosted their target price on AutoCanada from C$22.00 to C$25.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Scotiabank upped their price objective on AutoCanada from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Cormark set a C$35.00 price objective on AutoCanada in a research note on Tuesday, March 19th. Canaccord Genuity Group dropped their price objective on AutoCanada from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday, March 8th. Finally, National Bankshares dropped their price objective on AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating on the stock in a research note on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, AutoCanada presently has an average rating of “Hold” and a consensus price target of C$27.95.

Insider Buying and Selling at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. bought 3,750 shares of the stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of C$23.92 per share, with a total value of C$89,694.38. Insiders have acquired 34,650 shares of company stock valued at $885,855 in the last 90 days. 4.70% of the stock is currently owned by company 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.