AutoCanada Inc. (TSE:ACQ) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on AutoCanada, with six hold ratings and one buy rating. The average 12-month price target is C$23.43.
• Recent analyst target changes were mixed but generally higher: targets range from C$21 to C$27, while most firms retained “sector perform” ratings; Acumen Capital issued a “speculative buy.”
• AutoCanada reported quarterly EPS of C$0.97 on C$1.42 billion in revenue. The stock opened at C$22.36, with a market capitalization of about C$514 million and significant leverage reflected in its 418.22 debt-to-equity ratio.

AutoCanada Inc. (TSE:ACQ - Get Free Report) has been given an average recommendation of "Hold" by the seven ratings firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$23.43.

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

AutoCanada Price Performance

TSE:ACQ opened at C$22.36 on Thursday. The firm has a market cap of C$514.01 million, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.30 and a beta of 1.67. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. The company's 50-day moving average is C$22.79 and its two-hundred day moving average is C$22.37. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$35.48.

AutoCanada (TSE:ACQ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.42 billion during the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. 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.

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