AutoCanada (TSE:ACQ) Cut to Hold at BMO Capital Markets

BMO Capital Markets cut shares of AutoCanada (TSE:ACQ) from an outperform rating to a hold rating in a report issued on Monday, Marketbeat Ratings reports. The firm currently has C$24.00 price objective on the stock.

ACQ has been the subject of several other reports. Acumen Capital increased their price objective on AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research note on Thursday, May 14th. Royal Bank Of Canada lifted their target price on AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 26th. National Bank Financial dropped their target price on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Finally, ATB Cormark Capital Markets reduced their price target on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$22.57.

AutoCanada Trading Down 0.0%

TSE ACQ opened at C$21.99 on Monday. The firm’s 50 day moving average price is C$22.17 and its two-hundred day moving average price is C$23.22. The company has a debt-to-equity ratio of 448.50, a quick ratio of 0.25 and a current ratio of 1.07. AutoCanada has a twelve month low of C$14.00 and a twelve month high of C$35.48. The stock has a market cap of C$506.45 million, a price-to-earnings ratio of 21.14, a PEG ratio of 0.30 and a beta of 1.70.

AutoCanada (TSE:ACQ) last released its earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share (EPS) 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%. Equities 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.