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

AutoCanada Inc. (TSE:ACQ) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$23.43.

ACQ has been the subject of several analyst reports. National Bank Financial boosted their price target on shares of AutoCanada from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Acumen Capital lifted their price objective on shares of 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. ATB Cormark Capital Markets lowered their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 19th. Royal Bank Of Canada increased their target price 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. Finally, BMO Capital Markets raised their price target on AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th.

AutoCanada Stock Performance

Shares of AutoCanada stock opened at C$22.90 on Thursday. AutoCanada has a one year low of C$14.00 and a one year high of C$35.48. The company has a market cap of C$526.43 million, a PE ratio of 18.03, a P/E/G ratio of 0.30 and a beta of 1.84. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05. The business has a 50-day simple moving average of C$22.77 and a 200-day simple moving average of C$22.29.

AutoCanada (TSE:ACQ) last released its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. The firm had revenue of C$1.42 billion for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. On average, equities research analysts forecast that AutoCanada will post 2.4311927 EPS 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.