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How to buy Canadian Tire (CTC) stocks

Learn how to buy Canadian Tire stock in 6 easy steps.

Canadian Tire

TO: CTC-CAD

About 56 hours ago

C$253.33

0.00%

Buy Canadian Tire Stock

Looking to buy Canadian Tire stock in Canada? Here’s everything you need to know, including the current Canadian Tire stock price, online brokers with access to Canadian Tire stock and the answer to the question, “Is it a good time to buy Canadian Tire stock?” Read our guide below.

Canadian Tire is a specialty retail business based in Canada. Canadian Tire shares (CTC.TO) are listed on the Toronto stock Exchange (TSX) and all prices are listed in Canadian dollars. Its last market close was C$253.33 – an increase of 0.93% over the previous day. Canadian Tire employs 14,322 staff and has a trailing 12-month revenue of around C$16.7 billion.

How to buy shares in Canadian Tire

Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
Open your account. Provide your personal information and sign up.
Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
Search the platform for stock code: CTC in this case.
Research stocks. The platform should provide the latest information available.
Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.

The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

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This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.

Is it a good time to buy Canadian Tire stock?

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

Use our graph to track the performance of CTC stocks over time.

Share price volatility

Over the last 12 months, Canadian Tire's shares have ranged in value from as little as C$228.85 up to C$319.7749. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Canadian Tire's is 1.37. This would suggest that Canadian Tire's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Historical closes compared with the last close of C$253.33

1 week (2024-04-21)	0.93%
1 month (2024-03-26)	2.15%
3 months (2024-01-28)	-7.88%
6 months (2023-10-26)	-6.17%
1 year (2023-04-27)	-18.54%
2 years (2022-04-28)	-32.45%
3 years (2021-04-28)	8.03%
5 years (2019-04-25)	14.60%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Is Canadian Tire under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Canadian Tire P/E ratio, PEG ratio and EBITDA

Canadian Tire's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 67x. In other words, Canadian Tire stocks trade at around 67x recent earnings.

Canadian Tire's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.736. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Canadian Tire's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Canadian Tire's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping C$1.6 billion.

The EBITDA is a measure of a Canadian Tire's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

Dividend yield: 2.76% of stock value
Forward annual dividend yield: 2.76% of stock value
Dividend payout ratio: 1.83% of net profits

Canadian Tire has recently paid out dividends equivalent to 2.76% of its share value annually.

Canadian Tire has paid out, on average, around 1.83% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.76% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 2.76% return on their shares, in the form of dividend payments. In Canadian Tire's case, that would currently equate to about 6.925 per share.

While Canadian Tire's payout ratio might seem low, this can signify that the company is investing more in its future growth.

Canadian Tire's most recent dividend payout was on 29 February 2024. The latest dividend was paid out to all shareholders who bought their shares by 28 April 2024 (the "ex-dividend date").
It's as easy to sell Canadian Tire as it is to buy! Here's how to sell Canadian Tire stocks that you already own.
1. Open your investment app. If you've got one with desktop access, you can log in online
2. Go to your portfolio. This should be in the main menu
3. Find your shares. You may be able to search your portfolio
4. Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
5. Sell your Canadian Tire shares. Your investment platform will let you know when your shares are sold

Canadian Tire financials

Revenue TTM	C$16.7 billion
Operating margin TTM	8.38%
Gross profit TTM	C$5.7 billion
Return on assets TTM	3.74%
Return on equity TTM	5.03%
Profit margin	1.28%
Book value	C$99.75
Market capitalisation	C$8 billion

TTM: trailing 12 months

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

How to buy Canadian Tire (CTC) stocks