AutoCanada (AOCIF) Expected to Release Quarterly Earnings on Wednesday

AutoCanada (OTCMKTS:AOCIF) is expected to be releasing its resultson Wednesday, August 12th. Analysts expect AutoCanada to announce earnings of $0.4607 per share and revenue of $888.8020 million for the quarter.

AutoCanada Stock Performance

AOCIF stock opened at $15.40 on Wednesday. AutoCanada has a twelve month low of $11.12 and a twelve month high of $25.60. The business has a 50 day moving average price of $15.40 and a two-hundred day moving average price of $16.64.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AOCIF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of AutoCanada in a research report on Tuesday, May 26th. BMO Capital Markets cut shares of AutoCanada from an “outperform” rating to a “market perform” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, AutoCanada currently has an average rating of “Moderate Buy”.

About AutoCanada

AutoCanada Inc is an independent multi-location automotive dealership group headquartered in Edmonton, Alberta. The company operates a network of franchised retail dealerships, pre-owned vehicle outlets and collision repair centers. AutoCanada’s dealerships represent leading national and international original equipment manufacturers (OEMs), offering new vehicles as well as certified pre-owned and used automobiles to retail customers. In addition to vehicle sales, the company provides parts and service operations, delivering maintenance, warranty work and genuine OEM parts for a variety of makes and models.

Founded in 2006 by automotive entrepreneur Paul Antony, AutoCanada has grown through strategic acquisitions and organic expansion.