AutoCanada (TSE:ACQ) Stock Gets Price Target Trim from National Bank Financial

AutoCanada (TSE:ACQ) had its price objective cut by National Bank Financial from C$23.00 to C$21.00 in a report published on Thursday,BayStreet reports. They currently have a sector perform rating on the stock.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada increased their target price on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. BMO Capital Markets lifted their price target on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$23.14.

AutoCanada Stock Performance

Shares of ACQ opened at C$26.45 on Thursday. The business has a 50-day simple moving average of C$22.94 and a two-hundred day simple moving average of C$22.42. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. AutoCanada has a 52 week low of C$14.00 and a 52 week high of C$30.35. The stock has a market cap of C$608.03 million, a price-to-earnings ratio of 20.83, a PEG ratio of 0.30 and a beta of 1.72.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. The firm had revenue of C$1.42 billion for the quarter. On average, analysts expect that AutoCanada will post 2.43 EPS for the current year.

Insider Transactions at AutoCanada

In other AutoCanada news, insider Paul Antony purchased 2,218 shares of the business’s stock in a transaction on Friday, October 9th. The stock was acquired at an average price of C$24.41 per share, for a total transaction of C$54,141.38. Following the purchase, the insider owned 1,564,731 shares of the company’s stock, valued at approximately C$38,195,083.71. This represents a 0.14% increase in their position. In the last ninety days, insiders acquired 6,854 shares of company stock valued at $165,875. Corporate insiders own 4.90% of the company’s stock.

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.