AutoCanada Inc. (TSE:ACQ) Receives Consensus Rating of “Hold” from Brokerages

AutoCanada Inc. (TSE:ACQ) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$22.57.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 26th. National Bank Financial lowered their price target on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Acumen Capital upped their price target on shares of AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a research note on Thursday, May 14th. Finally, ATB Cormark Capital Markets cut their price objective on shares of 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 Price Performance

Shares of TSE ACQ opened at C$23.04 on Wednesday. AutoCanada has a one year low of C$14.00 and a one year high of C$35.48. The company has a debt-to-equity ratio of 448.50, a current ratio of 1.07 and a quick ratio of 0.25. The business’s fifty day moving average price is C$22.17 and its 200-day moving average price is C$23.26. The stock has a market capitalization of C$530.63 million, a PE ratio of 22.15, a P/E/G ratio of 0.30 and a beta of 1.70.

AutoCanada (TSE:ACQ) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%.The company had revenue of C$1.19 billion during the quarter. On average, equities research analysts anticipate 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.