AutoCanada Inc. (TSE:ACQ) Given Average Rating of “Hold” by Brokerages

AutoCanada Inc. (TSE:ACQ) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$22.00.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group downgraded AutoCanada from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$42.00 to C$22.00 in a research report on Thursday, March 19th. National Bank Financial dropped their target price on AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 8th. Acumen Capital boosted their target price on AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research report on Thursday, May 14th. Canadian Imperial Bank of Commerce downgraded AutoCanada from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$34.00 to C$20.00 in a research report on Friday, March 20th. Finally, BMO Capital Markets dropped their target price on AutoCanada from C$36.00 to C$24.00 in a research report on Friday, March 20th.

AutoCanada Trading Up 2.8%

ACQ stock opened at C$22.03 on Tuesday. The company has a market cap of C$507.37 million, a P/E ratio of 21.18, a PEG ratio of 0.30 and a beta of 1.85. AutoCanada has a twelve month low of C$14.00 and a twelve month high of C$35.48. 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 has a fifty day moving average of C$21.08 and a 200-day moving average of C$23.12.

AutoCanada (TSE:ACQ) last released its earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The company 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%. As a group, equities research analysts expect that AutoCanada will post 2.4311927 EPS for the current 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.