AutoCanada (TSE:ACQ) Posts Earnings Results

AutoCanada (TSE:ACQ) posted its quarterly earnings data on Thursday. The company reported C$1.83 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.24 billion for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%.

AutoCanada Stock Down 0.3%

Shares of TSE ACQ traded down C$0.09 during midday trading on Thursday, reaching C$27.98. The company’s stock had a trading volume of 38,747 shares, compared to its average volume of 53,709. The stock has a 50 day simple moving average of C$25.16 and a 200-day simple moving average of C$23.47. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. The stock has a market capitalization of C$643.20 million, a price-to-earnings ratio of 22.03, a PEG ratio of 0.30 and a beta of 1.85. AutoCanada has a fifty-two week low of C$14.00 and a fifty-two week high of C$30.35.

Insider Buying and Selling

In other AutoCanada news, insider Paul Antony bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The stock was acquired at an average price of C$27.13 per share, with a total value of C$135,650.00. Following the completion of the transaction, the insider owned 1,577,475 shares in the company, valued at approximately C$42,796,896.75. This trade represents a 0.32% increase in their ownership of the stock. Insiders have acquired a total of 27,298 shares of company stock worth $716,111 in the last ninety days. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ACQ shares. Desjardins set a C$27.00 target price on AutoCanada and gave the stock a “hold” rating in a report on Wednesday, October 28th. BMO Capital Markets boosted their price target on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. National Bank Financial reduced their price objective on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada upped their price objective on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$23.62.

AutoCanada Company Profile

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.