AutoCanada Inc. (TSE:ACQ) Stock Has Average Price Target of C$23.14 According to Analysts

AutoCanada Inc. (TSE:ACQ) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$23.62.

Several brokerages recently weighed in on ACQ. National Bank Financial dropped their target price on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Desjardins set a C$27.00 price target on AutoCanada and gave the company a “hold” rating in a research note on Wednesday. Royal Bank Of Canada increased their price target on AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 18th. Finally, BMO Capital Markets raised their price target on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th.

Insider Activity

In related news, insider Paul Antony acquired 5,000 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were purchased at an average price of C$27.13 per share, for a total transaction of C$135,650.00. Following the completion of the acquisition, the insider directly owned 1,577,475 shares in the company, valued at C$42,796,896.75. The trade was a 0.32% increase in their position. Insiders have bought a total of 21,098 shares of company stock worth $536,851 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.

AutoCanada Stock Performance

Shares of ACQ stock opened at C$29.74 on Friday. The business’s fifty day simple moving average is C$23.88 and its 200-day simple moving average is C$23.33. The company has a market cap of C$683.66 million, a PE ratio of 23.42, a PEG ratio of 0.30 and a beta of 1.72. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$30.35.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 EPS 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 expect that AutoCanada will post 2.43 earnings per share for the current fiscal 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.