Brokerages Set AutoCanada Inc. (TSE:ACQ) PT at C$23.43

AutoCanada Inc. (TSE:ACQ) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$23.43.

Several analysts have recently commented on the company. Royal Bank Of Canada raised their target price on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. National Bank Financial increased their price objective on AutoCanada from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Acumen Capital raised their price objective on AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research report on Thursday, May 14th. ATB Cormark Capital Markets decreased their price objective on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 19th. Finally, BMO Capital Markets boosted their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th.

AutoCanada Price Performance

TSE ACQ opened at C$22.51 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. AutoCanada has a 1 year low of C$14.00 and a 1 year high of C$35.36. The company has a market cap of C$517.46 million, a PE ratio of 17.72, a PEG ratio of 0.30 and a beta of 1.84. The stock’s 50-day moving average price is C$22.76 and its two-hundred day moving average price is C$22.20.

AutoCanada (TSE:ACQ) last announced its earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. The company had revenue of C$1.42 billion during the quarter. On average, analysts predict that AutoCanada will post 2.4311927 EPS for the current year.

About AutoCanada

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.