AutoCanada Inc. (TSE:ACQ) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analyst consensus is “Hold”: Six of seven analysts rate AutoCanada as a hold, while one recommends buying. The average 12-month price target is C$23.14.
• Recent target-price changes were mixed: National Bank Financial lowered its target to C$21, while RBC raised its target to C$24 and BMO increased its target to C$27; all maintained sector-perform or equivalent ratings.
• AutoCanada reported C$0.97 in quarterly EPS on C$1.42 billion in revenue, while insiders purchased 14,598 shares worth approximately C$359,726 over the past three months.

AutoCanada Inc. (TSE:ACQ - Get Free Report) has received an average recommendation of "Hold" from the seven analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$23.14.

A number of equities research analysts have recently issued reports on ACQ shares. National Bank Financial dropped their target price on shares of AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating on the stock in a report on Thursday, October 15th. Royal Bank Of Canada raised their price objective on AutoCanada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 18th. Finally, BMO Capital Markets lifted their target price on AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th.

AutoCanada Price Performance

TSE ACQ opened at C$27.78 on Friday. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05. The stock has a market cap of C$638.61 million, a price-to-earnings ratio of 21.87, a PEG ratio of 0.30 and a beta of 1.72. The business has a 50 day simple moving average of C$23.31 and a 200 day simple moving average of C$22.63. AutoCanada has a 52-week low of C$14.00 and a 52-week high of C$30.35.

AutoCanada (TSE:ACQ - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. The firm had revenue of C$1.42 billion during the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. Analysts anticipate that AutoCanada will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul Antony acquired 2,818 shares of the company's stock in a transaction dated Wednesday, October 7th. The shares were bought at an average cost of C$24.07 per share, with a total value of C$67,829.26. Following the completion of the transaction, the insider directly owned 1,560,695 shares of the company's stock, valued at C$37,565,928.65. This trade represents a 0.18% increase in their ownership of the stock. Insiders have acquired 14,598 shares of company stock worth $359,726 over the last three months. Insiders own 4.90% of the company's stock.

AutoCanada Company Profile

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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