AutoCanada (TSE:ACQ) Price Target Lowered to C$24.00 at BMO Capital Markets

AutoCanada (TSE:ACQ) had its target price decreased by BMO Capital Markets from C$36.00 to C$24.00 in a report released on Friday morning,BayStreet.CA reports.

Several other research firms have also recently issued reports on ACQ. Canaccord Genuity Group cut AutoCanada from a “buy” rating to a “hold” rating and cut their target price for the stock from C$42.00 to C$22.00 in a research report on Thursday. Canadian Imperial Bank of Commerce cut AutoCanada from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$34.00 to C$20.00 in a report on Friday. ATB Cormark Capital Markets dropped their price target on AutoCanada from C$25.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Thursday. Acumen Capital increased their price objective on shares of 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 cut shares of AutoCanada from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$29.00 to C$24.00 in a research report on Thursday. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$24.18.

AutoCanada Trading Up 0.9%

Shares of AutoCanada stock opened at C$17.15 on Friday. The company has a market capitalization of C$396.15 million, a P/E ratio of -42.88, a P/E/G ratio of 0.30 and a beta of 1.76. The company has a debt-to-equity ratio of 409.72, a quick ratio of 0.25 and a current ratio of 1.07. The company has a fifty day moving average of C$25.46 and a 200 day moving average of C$26.08. AutoCanada has a fifty-two week low of C$14.00 and a fifty-two week high of C$35.48.

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

More 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

AutoCanada Company Profile

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.