AutoCanada Inc. (TSE:ACQ) Stock Has Consensus Price Target of C$23.43

AutoCanada Inc. (TSE:ACQ) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$23.43.

A number of equities analysts have commented on the stock. Royal Bank Of Canada lifted their price objective on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 18th. National Bank Financial raised their price target on AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Finally, BMO Capital Markets boosted their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th.

AutoCanada Price Performance

ACQ stock opened at C$22.88 on Monday. The company has a market capitalization of C$525.97 million, a PE ratio of 18.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.84. The company’s fifty day moving average price is C$22.68 and its 200-day moving average price is C$22.04. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05. AutoCanada has a one year low of C$14.00 and a one year high of C$33.01.

AutoCanada (TSE:ACQ) last posted its earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%.The company had revenue of C$1.42 billion for the quarter. On average, equities analysts anticipate that AutoCanada will post 2.4311927 EPS for the current fiscal 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.