Shares of AutoCanada Inc. (TSE:ACQ – Get Free Report) have earned an average rating of “Hold” from the nine brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$23.00.
Several equities research analysts recently weighed in on ACQ shares. ATB Capital downgraded shares of AutoCanada from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$62.00 to C$25.00 in a report on Friday, May 3rd. Canaccord Genuity Group reduced their price objective on shares of AutoCanada from C$20.00 to C$18.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Cormark set a C$35.00 price objective on shares of AutoCanada in a report on Tuesday, March 19th. BMO Capital Markets reduced their price objective on shares of AutoCanada from C$23.00 to C$21.00 in a report on Monday, May 6th. Finally, CIBC downgraded shares of AutoCanada from a “neutral” rating to an “underperform” rating and cut their price target for the company from C$25.00 to C$18.00 in a report on Friday, May 3rd.
Read Our Latest Report on AutoCanada
AutoCanada Stock Down 1.7 %
AutoCanada (TSE:ACQ – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.19). The company had revenue of C$1.42 billion during the quarter, compared to analyst estimates of C$1.49 billion. AutoCanada had a return on equity of 8.15% and a net margin of 0.64%. As a group, equities analysts expect that AutoCanada will post 1.7074165 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider EdgePoint Investment Group Inc. acquired 4,700 shares of the business’s stock in a transaction on Friday, April 12th. The shares were purchased at an average price of C$23.75 per share, for a total transaction of C$111,604.79. In the last quarter, insiders have purchased 12,700 shares of company stock worth $290,195. Company insiders own 4.73% of the company’s stock.
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.
Further Reading
- Five stocks we like better than AutoCanada
- The 3 Best Retail Stocks to Shop for in August
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- Most active stocks: Dollar volume vs share volume
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- How to Most Effectively Use the MarketBeat Earnings Screener
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for AutoCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoCanada and related companies with MarketBeat.com's FREE daily email newsletter.