AutoCanada Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

AutoCanada (TSE:ACQ) Full Year 2023 Results

Key Financial Results

• Revenue: CA$6.44b (up 6.6% from FY 2022).
• Net income: CA$50.5m (down 41% from FY 2022).
• Profit margin: 0.8% (down from 1.4% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CA$2.14 (down from CA$3.28 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AutoCanada Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.5% growth forecast for the Specialty Retail industry in Canada.

Performance of the Canadian Specialty Retail industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for AutoCanada (1 is significant!) that we have uncovered.

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