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AutoCanada Inc. (DE:31K)
FRANKFURT:31K
Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.04Last Year’s EPS
-0.52Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 6.81%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter for AutoCanada, with declining sales and profitability, particularly in the U.S. operations. However, strategic initiatives such as asset divestments and cost efficiency measures highlight efforts to improve financial health and operational focus. The sentiment is mixed, with significant challenges balanced by proactive strategies for future growth.Company Guidance
During the third quarter earnings call, AutoCanada provided guidance with several key metrics. The company reported total sales of $1.6 billion, a decline of 1.8% year-over-year, and an adjusted EBITDA of $53.2 million, which was down 20% from the prior year. Diluted earnings per share were $0.25. The Canadian operations saw flat revenue at $1.4 billion, with gross profit down 4.7% to $240.7 million and adjusted EBITDA down 5.6% to $61.2 million. New vehicle sales increased by 4.5%, but used vehicle sales fell by 5.5% due to inventory challenges. The company projected at least $100 million in run rate operational expenditure savings by the end of 2025. Additionally, the U.S. operations faced a revenue drop of 13.2% year-over-year, with a gross profit decline of 35.4% to $24.3 million, leading to an adjusted EBITDA loss of $8 million. The company also implemented a pause on acquisitions and capital return initiatives to focus on enhancing profitability and reducing leverage.Strategic Asset Divestment and Cost Efficiency Initiatives
AutoCanada divested 2 Stellantis dealerships and closed 7 unprofitable RightRide locations to streamline operations. The company aims for $100 million in run rate OpEx savings by the end of 2025, indicating a focused effort on cost efficiency.
New Vehicle Sales Growth
New vehicle sales grew by 4.5% year-over-year, demonstrating resilience in the new vehicle segment despite market challenges.
OEM Incentives and Inventory Management
Introduction of OEM incentives in Canada and a strategic focus on inventory management suggest potential for improved sales and operational efficiency.
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DE:31K Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:31K Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | €9.55 | €10.50 | +9.95% |
| Aug 13, 2024 | €12.00 | €10.10 | -15.83% |
| May 02, 2024 | €16.10 | €14.60 | -9.32% |
| Mar 07, 2024 | €14.00 | €13.50 | -3.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AutoCanada Inc. (DE:31K) report earnings?
AutoCanada Inc. (DE:31K) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is AutoCanada Inc. (DE:31K) earnings time?
AutoCanada Inc. (DE:31K) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of AutoCanada Inc. stock?
The P/E ratio of AutoCanada is N/A.
What is DE:31K EPS forecast?
DE:31K EPS forecast for the fiscal quarter 2024 (Q4) is 0.04.
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