AutoCanada (TSE:ACQ) Given New C$27.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets raised AutoCanada’s price target to C$27.00 from C$24.00, implying 11.48% potential upside from the prior close.
• Analyst sentiment remains cautious: AutoCanada has a consensus “Hold” rating from seven analysts, with an average target price of C$23.29.
• AutoCanada shares fell 0.7% to C$24.22 on Friday. The company reported quarterly EPS of C$0.21 on C$1.19 billion in revenue and carries a high debt-to-equity ratio of 448.50.

AutoCanada (TSE:ACQ - Get Free Report) had its target price raised by equities researchers at BMO Capital Markets from C$24.00 to C$27.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 11.48% from the company's previous close.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada upped their target price on shares of AutoCanada from C$18.00 to C$23.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 26th. National Bank Financial boosted their price target on shares of AutoCanada from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a report on Thursday. Acumen Capital upped 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 research report on Thursday, May 14th. Finally, ATB Cormark Capital Markets decreased their price objective on shares of AutoCanada from C$22.00 to C$21.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$23.29.

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AutoCanada Stock Down 0.7%

Shares of AutoCanada stock traded down C$0.16 on Friday, hitting C$24.22. The company had a trading volume of 54,414 shares, compared to its average volume of 56,268. AutoCanada has a 1 year low of C$14.00 and a 1 year high of C$35.48. The company has a debt-to-equity ratio of 448.50, a quick ratio of 0.25 and a current ratio of 1.07. The stock has a 50 day moving average of C$22.65 and a 200-day moving average of C$22.97. The stock has a market capitalization of C$557.81 million, a price-to-earnings ratio of 23.29, a P/E/G ratio of 0.30 and a beta of 1.67.

AutoCanada (TSE:ACQ - Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$1.19 billion for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%. As a group, sell-side analysts forecast that AutoCanada will post 2.4311927 earnings per share 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.

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