Equities Analysts Offer Predictions for AutoCanada Inc.’s Q3 2021 Earnings (TSE:ACQ)

AutoCanada Inc. (TSE:ACQ) – Equities research analysts at Cormark lifted their Q3 2021 earnings per share estimates for shares of AutoCanada in a report released on Tuesday, April 6th. Cormark analyst D. Ocampo now anticipates that the company will earn $0.76 per share for the quarter, up from their prior forecast of $0.75. Cormark also issued estimates for AutoCanada’s Q4 2021 earnings at $0.53 EPS, FY2021 earnings at $1.98 EPS and FY2022 earnings at $2.67 EPS.

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

Several other brokerages have also issued reports on ACQ. National Bank Financial increased their price target on shares of AutoCanada from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 4th. Canaccord Genuity raised their target price on shares of AutoCanada from C$32.00 to C$36.00 in a research note on Thursday, March 4th. Scotiabank lifted their target price on shares of AutoCanada from C$35.00 to C$40.00 in a report on Thursday, March 4th. Finally, CIBC upped their price target on AutoCanada from C$34.00 to C$37.00 and gave the stock a “neutral” rating in a research note on Tuesday.

Shares of AutoCanada stock opened at C$31.82 on Thursday. AutoCanada has a 12 month low of C$5.57 and a 12 month high of C$37.54. The firm has a market capitalization of C$866.36 million and a P/E ratio of -116.56. The company has a current ratio of 0.99, a quick ratio of 0.24 and a debt-to-equity ratio of 377.39. The business has a fifty day simple moving average of C$30.58 and a two-hundred day simple moving average of C$26.18.

About AutoCanada

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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