AutoCanada (TSE:ACQ) Rating Lowered to “Neutral” at Canadian Imperial Bank of Commerce

AutoCanada (TSE:ACQ) was downgraded by equities research analysts at Canadian Imperial Bank of Commerce from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$20.00 price target on the stock, down from their prior price target of C$34.00. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 15.94% from the stock’s previous close.

A number of other equities analysts also recently commented on ACQ. Royal Bank Of Canada lowered their target price on shares of AutoCanada from C$28.00 to C$18.00 in a research note on Thursday. Acumen Capital lifted their price target on AutoCanada from C$35.50 to C$39.25 and gave the stock a “speculative buy” rating in a report on Tuesday, January 27th. National Bank Financial cut AutoCanada from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$29.00 to C$24.00 in a research report on Thursday. ATB Cormark Capital Markets dropped their price objective on AutoCanada from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Canaccord Genuity Group lowered AutoCanada from a “buy” rating to a “hold” rating and cut their target price for the stock from C$42.00 to C$22.00 in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$24.18.

AutoCanada Stock Up 1.5%

TSE:ACQ traded up C$0.25 during mid-day trading on Friday, hitting C$17.25. The stock had a trading volume of 277,585 shares, compared to its average volume of 70,434. AutoCanada has a twelve month low of C$14.00 and a twelve month high of C$35.48. The stock has a 50-day simple moving average of C$25.61 and a two-hundred day simple moving average of C$26.20. The company has a current ratio of 1.09, a quick ratio of 0.25 and a debt-to-equity ratio of 376.45. The company has a market capitalization of C$398.46 million, a PE ratio of -43.13, a PEG ratio of 0.30 and a beta of 1.76.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Wednesday, March 18th. The company reported C($0.06) EPS for the quarter. AutoCanada had a negative return on equity of 1.67% and a negative net margin of 0.18%.The firm had revenue of C$1.12 billion for the quarter. On average, equities research analysts anticipate that AutoCanada will post 2.4311927 EPS for the current year.

Trending Headlines about AutoCanada

Here are the key news stories impacting AutoCanada this week:

• Positive Sentiment: Several analysts still have price targets above the current share price (examples: National Bank C$24, ATB Cormark C$22, Canaccord C$22, RBC C$18), leaving potential upside if operational headwinds ease or guidance improves. BayStreet Analyst Ratings
• Neutral Sentiment: ATB Cormark lowered its price target to C$22 and set a “sector perform” rating — a cautious stance that reduces near-term enthusiasm but still implies upside vs. current levels. ATB Cormark PT Cut
• Neutral Sentiment: RBC trimmed its target to C$18 (a small implied upside). The cut lowers expectations but the target remains near-term achievable if results stabilize. RBC PT Cut
• Negative Sentiment: Canaccord downgraded AutoCanada from “buy” to “hold” and slashed its target from C$42 to C$22 — a significant reduction in conviction that pressures sentiment. Canaccord Downgrade
• Negative Sentiment: National Bank Financial downgraded the stock from “outperform” to “hold” and lowered its target to C$24, signaling reduced near-term confidence despite a still-higher target number. National Bank Downgrade TickerReport
• Negative Sentiment: Q4 results disappointed: AutoCanada reported a C($0.06) EPS, a negative net margin (-0.18%) and negative ROE (-1.67%) on C$1.12B revenue — an earnings miss and margin pressure that justify analyst caution. Earnings Release / Call
• Negative Sentiment: Media coverage flagged market headwinds and an internal overhaul as key drags on the quarter, reinforcing negative sentiment and explaining recent share weakness. MarketWatch: Shares Slide

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.