Royal Bank Of Canada Cuts AutoCanada (TSE:ACQ) Price Target to C$18.00

AutoCanada (TSE:ACQ) had its price target lowered by Royal Bank Of Canada from C$28.00 to C$18.00 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on the company. Canadian Imperial Bank of Commerce increased their price objective on AutoCanada from C$30.00 to C$34.00 in a report on Thursday, February 5th. Canaccord Genuity Group boosted their target price on AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research note on Monday, January 19th. Acumen Capital upped their price target on AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a report on Tuesday, January 27th. Finally, National Bank Financial dropped their price target on shares of AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, AutoCanada has a consensus rating of “Hold” and an average price target of C$24.18.

AutoCanada Stock Performance

Shares of ACQ stock opened at C$17.15 on Thursday. The company has a market cap of C$396.15 million, a P/E ratio of -42.88, a PEG ratio of 0.30 and a beta of 1.76. The firm has a fifty day moving average price of C$25.46 and a 200 day moving average price of C$26.04. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 409.72. AutoCanada has a 12 month low of C$14.00 and a 12 month high of C$35.48.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Wednesday, March 18th. The company reported C($0.06) earnings per share for the quarter. The business had revenue of C$1.12 billion during the quarter. AutoCanada had a net margin of 0.33% and a return on equity of 3.40%. Sell-side analysts predict that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.

Key AutoCanada News

Here are the key news stories impacting AutoCanada this week:

• Negative Sentiment: Q4 results missed expectations — AutoCanada reported C($0.06) EPS on C$1.12B revenue, posted a negative net margin (-0.18%) and negative ROE (-1.67%). Management commentary and the slide deck flagged market headwinds and an internal overhaul. Earnings Transcript
• Negative Sentiment: MarketWatch coverage highlights the share weakness tied to “market headwinds” and the company’s internal overhaul weighing on Q4 results — a narrative that likely pressured sentiment. MarketWatch Article
• Negative Sentiment: BMO Capital Markets cut its price target to C$24 (from C$36) — a sizable trim that signals reduced confidence in the recovery timeline. BayStreet.CA
• Negative Sentiment: Canadian Imperial Bank of Commerce downgraded ACQ from “outperform” to “neutral” and cut its target to C$20 (from C$34), lowering buy-side momentum. BayStreet.CA
• Negative Sentiment: ATB Cormark lowered its target to C$22 (from C$25) and set a “sector perform” rating, reflecting more cautious near-term expectations. BayStreet.CA
• Negative Sentiment: RBC trimmed its target to C$18 (from C$28), signaling limited upside and greater risk perception after Q4. BayStreet.CA
• Negative Sentiment: National Bank Financial downgraded ACQ to “hold” and cut its target to C$24 (from C$29), joining peers in reducing enthusiasm. BayStreet.CA
• Negative Sentiment: Canaccord Genuity moved ACQ from “buy” to “hold” and slashed its target to C$22 (from C$42), a steep reduction that removes a prior bullish driver. BayStreet.CA

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.