Desjardins Analysts Give AutoCanada (TSE:ACQ) a C$27.00 Price Target

Desjardins set a C$27.00 price objective on AutoCanada (TSE:ACQ) in a report released on Wednesday morning,BayStreet reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also commented on the company. BMO Capital Markets upped their price objective on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Royal Bank Of Canada lifted their target price on shares of AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a report on Tuesday, August 18th. Finally, National Bank Financial decreased their target price on shares of AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, AutoCanada has an average rating of “Hold” and a consensus price target of C$23.62.

AutoCanada Stock Down 4.6%

Shares of ACQ opened at C$28.37 on Wednesday. AutoCanada has a 52 week low of C$14.00 and a 52 week high of C$30.35. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. The company has a market capitalization of C$652.17 million, a price-to-earnings ratio of 22.34, a PEG ratio of 0.30 and a beta of 1.72. The stock’s 50-day moving average price is C$24.00 and its 200-day moving average price is C$23.35.

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

Insider Activity at AutoCanada

In other AutoCanada news, insider Paul Antony purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was purchased at an average price of C$27.65 per share, for a total transaction of C$41,475.00. Following the purchase, the insider directly owned 1,584,375 shares in the company, valued at approximately C$43,807,968.75. This trade represents a 0.09% increase in their ownership of the stock. In the last 90 days, insiders bought 21,098 shares of company stock worth $536,851. 4.90% of the stock is owned by company insiders.

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.