Q1 2023 EPS Estimates for AutoCanada Inc. Raised by Cormark (TSE:ACQ)

AutoCanada Inc. (TSE:ACQGet Rating) – Cormark increased their Q1 2023 earnings per share (EPS) estimates for AutoCanada in a research note issued to investors on Friday, May 6th. Cormark analyst D. Ocampo now expects that the company will earn $0.93 per share for the quarter, up from their prior estimate of $0.88. Cormark also issued estimates for AutoCanada’s Q2 2023 earnings at $1.60 EPS, Q3 2023 earnings at $1.54 EPS and Q4 2023 earnings at $1.25 EPS.

AutoCanada (TSE:ACQGet Rating) last released its quarterly earnings data on Thursday, March 3rd. The company reported C$0.84 earnings per share for the quarter, beating the consensus estimate of C$0.81 by C$0.03. The company had revenue of C$1.20 billion for the quarter, compared to analysts’ expectations of C$1.11 billion.

ACQ has been the subject of several other reports. CIBC boosted their price objective on shares of AutoCanada from C$46.00 to C$46.50 in a report on Monday, April 25th. ATB Capital upped their target price on shares of AutoCanada from C$87.00 to C$90.00 and gave the company an “outperform” rating in a report on Friday. National Bankshares cut shares of AutoCanada from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$52.00 to C$37.00 in a report on Friday. National Bank Financial cut shares of AutoCanada from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday. Finally, Scotiabank upped their target price on shares of AutoCanada from C$48.00 to C$50.00 in a report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$57.38.

ACQ opened at C$30.37 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 280.29. The firm has a 50 day moving average price of C$32.08 and a 200-day moving average price of C$35.95. AutoCanada has a twelve month low of C$26.80 and a twelve month high of C$59.26. The stock has a market capitalization of C$807.69 million and a price-to-earnings ratio of 5.42.

In other news, Director Barry Lee James acquired 1,550 shares of AutoCanada stock in a transaction dated Friday, March 25th. The stock was purchased at an average cost of C$32.94 per share, with a total value of C$51,063.05. Following the completion of the purchase, the director now directly owns 19,417 shares in the company, valued at approximately C$639,671.71.

AutoCanada Company Profile (Get Rating)

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. 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.

See Also

Earnings History and Estimates for AutoCanada (TSE:ACQ)

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