AutoCanada Inc. (TSE:ACQ) Receives Average Recommendation of “Hold” from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$22.71.

A number of research firms recently commented on ACQ. BMO Capital Markets dropped their price objective on AutoCanada from C$36.00 to C$24.00 in a research report on Friday, March 20th. Royal Bank Of Canada lifted their price target on AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a report on Tuesday, May 26th. Acumen Capital lifted their price target on AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce cut AutoCanada from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$34.00 to C$20.00 in a report on Friday, March 20th. Finally, ATB Cormark Capital Markets lowered their price target on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Tuesday, May 19th.

AutoCanada Stock Performance

Shares of ACQ stock opened at C$21.90 on Tuesday. AutoCanada has a fifty-two week low of C$14.00 and a fifty-two week high of C$35.48. The stock has a market cap of C$504.38 million, a P/E ratio of 21.06, a P/E/G ratio of 0.30 and a beta of 1.85. The business has a fifty day simple moving average of C$21.23 and a 200-day simple moving average of C$23.05. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 448.50.

AutoCanada (TSE:ACQ) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$1.19 billion during the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%. On average, analysts forecast that AutoCanada will post 2.4311927 earnings per share for the current fiscal 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.