AutoCanada (TSE:ACQ) Price Target Cut to C$21.00 by Analysts at National Bank Financial

AutoCanada (TSE:ACQ) had its price target decreased by investment analysts at National Bank Financial from C$23.00 to C$21.00 in a report released on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential downside of 16.53% from the company’s current price.

ACQ has been the subject of several other research reports. 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 report on Tuesday, August 18th. BMO Capital Markets boosted their price objective on AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, AutoCanada has an average rating of “Hold” and a consensus target price of C$23.14.

AutoCanada Price Performance

ACQ traded up C$1.05 during trading on Thursday, reaching C$25.16. The company’s stock had a trading volume of 12,777 shares, compared to its average volume of 55,077. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. The firm has a fifty day simple moving average of C$22.84 and a two-hundred day simple moving average of C$22.35. AutoCanada has a 1 year low of C$14.00 and a 1 year high of C$30.35. The company has a market cap of C$578.38 million, a price-to-earnings ratio of 19.81, a PEG ratio of 0.30 and a beta of 1.72.

AutoCanada (TSE:ACQ) last issued its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. The business had revenue of C$1.42 billion for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. As a group, analysts anticipate that AutoCanada will post 2.43 EPS for the current year.

Insider Buying and Selling

In other AutoCanada news, insider Paul Antony purchased 2,218 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were acquired at an average price of C$24.41 per share, with a total value of C$54,141.38. Following the purchase, the insider directly owned 1,564,731 shares in the company, valued at approximately C$38,195,083.71. This trade represents a 0.14% increase in their position. Insiders acquired a total of 6,854 shares of company stock valued at $165,875 in the last quarter. 4.90% of the stock is owned by insiders.

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.