Analysts Set AutoCanada Inc. (TSE:ACQ) PT at C$22.57

AutoCanada Inc. (TSE:ACQ) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$22.86.

ACQ has been the topic of a number of research reports. Royal Bank Of Canada lifted their target price on shares of AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 26th. Acumen Capital raised their price objective on shares of AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a report on Thursday, May 14th. National Bank Financial lifted their price objective on AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Thursday. ATB Cormark Capital Markets cut their price objective on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 19th. Finally, BMO Capital Markets downgraded AutoCanada from an “outperform” rating to a “hold” rating and set a C$24.00 target price on the stock. in a report on Monday, July 20th.

AutoCanada Stock Performance

AutoCanada stock opened at C$24.38 on Friday. The company has a market capitalization of C$561.50 million, a PE ratio of 23.44, a P/E/G ratio of 0.30 and a beta of 1.67. AutoCanada has a twelve month low of C$14.00 and a twelve month high of C$35.48. The firm has a fifty day simple moving average of C$22.65 and a two-hundred day simple moving average of C$22.97. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 448.50.

AutoCanada (TSE:ACQ) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.21 EPS for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%.The business had revenue of C$1.19 billion for the quarter. Research analysts expect 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.