AutoCanada Inc. (TSE:ACQ) Receives C$22.71 Average Price Target from Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$22.71.

A number of research firms have commented on ACQ. BMO Capital Markets reduced their target price on AutoCanada from C$36.00 to C$24.00 in a report on Friday, March 20th. Acumen Capital increased their target price on 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 reduced their target price on AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. ATB Cormark Capital Markets reduced their target price on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce downgraded AutoCanada from an “outperform” rating to a “hold” rating and cut their price target for the stock from C$34.00 to C$20.00 in a report on Friday, March 20th.

AutoCanada Trading Up 0.9%

TSE:ACQ opened at C$22.26 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 448.50. The business’s 50 day moving average is C$22.02 and its two-hundred day moving average is C$23.21. AutoCanada has a 52 week low of C$14.00 and a 52 week high of C$35.48. The company has a market cap of C$512.67 million, a PE ratio of 21.40, a P/E/G ratio of 0.30 and a beta of 1.77.

AutoCanada (TSE:ACQ) last released its 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 company had revenue of C$1.19 billion for the quarter. On average, analysts predict that AutoCanada will post 2.4311927 EPS for the current year.

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.