Toronto, Ontario — This week, the Toronto Stock Exchange (TSX) names AutoCanada to a top performers list, analysts predict record delivery numbers for Tesla in both 2021 and 2022, while Boyd Group Services announces its Q3 cash dividend.
AutoCanada on top
Edmonton, Alberta-based dealership group AutoCanada has been featured on the TSX30 List, which “highlights the 30 top-performing TSX stocks, based on dividend-adjusted share price appreciation over a three-year period.”
AutoCanada said its inclusion in the TSX30 “underscores the success” of its 2018 Go Forward plan—a framework focused on managing costs while increasing sales and employee productivity—as well as the continual efforts of AutoCanada’s team of staff.
According to the company, AutoCanada’s Go Forward efforts have resulted in a stock price appreciation of approximately 212 percent over the past three years.
Truckloads of Teslas
Tesla’s delivery forecast for 2022 is set to surge by one-third, according to new investor notes from Wedbush analyst Dan Ives.
The new report from Wedbush estimates Tesla will deliver 1.3 million cars in 2022.
Wedbush predictions also estimate Tesla will deliver 900,000 cars in 2021—just 100,000 units short of Musk’s one million deliveries goal.
In 2018, Tesla delivered 245,240 vehicles, followed by 367,500 in 2019 and 499,550 in 2020.
The EV automaker was expected to clear one million deliveries in 2021, but supply chain issues—like that of the semiconductor shortage and other parts procurement challenges—have hindered Tesla’s goal.
If Tesla does achieve 1.3 million deliveries in 2022, it would place the EV brand much closer to other mass-market premium automakers like BMW, who delivered just over two million vehicles in 2020.
Dance for your dividend
Boyd Group Services last week announced a cash dividend for the third quarter of 2021 of $0.141 per common share.
The dividend will be payable on October 27, 2021 to common shareholders of record at the close of business on September 30, 2021.
Shareholders who are non-residents of Canada will be subject to withholding taxes in respect of any dividends made by Boyd Group Services Inc.
