AutoCanada (ACQ) to Release Quarterly Earnings on Thursday

AutoCanada (TSE:ACQ) is scheduled to issue its quarterly earnings data 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 issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.69 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.13. The firm had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%.

AutoCanada Trading Down 0.2 %

Shares of ACQ opened at C$24.16 on Wednesday. The company has a market capitalization of C$570.42 million, a P/E ratio of 11.73, a P/E/G ratio of 0.30 and a beta of 2.60. AutoCanada has a one year low of C$15.14 and a one year high of C$27.54. The company has a debt-to-equity ratio of 396.08, a quick ratio of 0.25 and a current ratio of 1.04. The stock has a 50-day moving average price of C$23.97 and a 200 day moving average price of C$22.47.

Insider Transactions at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. bought 21,200 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average cost of C$26.64 per share, for a total transaction of C$564,865.52. In the last ninety days, insiders have purchased 34,650 shares of company stock worth $885,855. 4.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on ACQ shares. Cormark set a C$35.00 price target on AutoCanada in a report on Tuesday, March 19th. BMO Capital Markets reduced their target price on AutoCanada from C$24.00 to C$23.00 and set a “market perform” rating on the stock in a report on Friday, March 8th. Canaccord Genuity Group reduced their target price on AutoCanada from C$22.00 to C$20.00 and set a “hold” rating on the stock in a report on Friday, March 8th. CIBC increased their target price on AutoCanada from C$22.00 to C$25.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Finally, National Bankshares reduced their target price on AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating on the stock in a report on Friday, March 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, AutoCanada has a consensus rating of “Hold” and an average target price of C$27.95.

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.