AutoCanada (AOCIF) Expected to Announce Earnings on Wednesday

AutoCanada (OTCMKTS:AOCIF) is expected to be issuing its results before the market opens on Wednesday, March 18th. Analysts expect the company to announce earnings of $0.3439 per share and revenue of $1.1234 billion for the quarter.

AutoCanada Stock Down 2.3%

OTCMKTS:AOCIF opened at $16.17 on Wednesday. AutoCanada has a 1 year low of $10.73 and a 1 year high of $25.60. The stock’s 50 day simple moving average is $19.44 and its two-hundred day simple moving average is $19.62.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of AutoCanada in a research note on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

AutoCanada Company Profile

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.