Brokers Issue Forecasts for AutoCanada Inc.’s Q3 2021 Earnings (TSE:ACQ)

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AutoCanada Inc. (TSE:ACQ) – Stock analysts at National Bank Financial raised their Q3 2021 EPS estimates for AutoCanada in a research report issued on Wednesday, April 14th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $0.75 for the quarter, up from their previous estimate of $0.64. National Bank Financial currently has a “Sector Perform” rating and a $29.00 price target on the stock.

AutoCanada (TSE:ACQ) last released its earnings results on Tuesday, March 2nd. The company reported C$0.52 EPS for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.04. The business had revenue of C$876.12 million for the quarter, compared to the consensus estimate of C$871.74 million.

ACQ has been the topic of a number of other research reports. Cormark reaffirmed a “buy” rating and set a C$51.50 target price on shares of AutoCanada in a research note on Friday. Canaccord Genuity increased their price objective on AutoCanada from C$32.00 to C$36.00 in a research note on Thursday, March 4th. Scotiabank increased their price objective on AutoCanada from C$40.00 to C$46.00 in a research note on Thursday. CIBC increased their price objective on AutoCanada from C$37.00 to C$41.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Acumen Capital increased their price objective on AutoCanada from C$37.50 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$36.17.

ACQ opened at C$41.37 on Friday. The stock has a market cap of C$1.13 billion and a price-to-earnings ratio of -151.54. The stock’s 50 day moving average price is C$31.54 and its 200-day moving average price is C$26.96. AutoCanada has a one year low of C$5.75 and a one year high of C$42.56. The company has a debt-to-equity ratio of 377.39, a quick ratio of 0.24 and a current ratio of 0.99.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick, Canada; and Illinois, the United States. 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, extended service contracts, and vehicle protection and other after-market products.

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Earnings History and Estimates for AutoCanada (TSE:ACQ)

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