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

AutoCanada (TSE:ACQ) has been given a C$27.00 target price by research analysts at Desjardins in a note issued to investors on Wednesday, BayStreet reports. The firm currently has a “hold” rating on the stock. Desjardins‘s price objective would indicate a potential downside of 4.69% from the stock’s current price.

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

AutoCanada Trading Down 1.6%

Shares of TSE ACQ traded down C$0.45 during trading on Wednesday, reaching C$28.33. The stock had a trading volume of 32,271 shares, compared to its average volume of 54,345. AutoCanada has a fifty-two week low of C$14.00 and a fifty-two week high of C$30.35. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05. The business’s 50-day moving average price is C$23.64 and its 200-day moving average price is C$23.29. The company has a market cap of C$651.25 million, a P/E ratio of 22.31, a PEG ratio of 0.30 and a beta of 1.72.

AutoCanada (TSE:ACQ) last posted its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) 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, equities research analysts predict that AutoCanada will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at AutoCanada

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

AutoCanada Company Profile

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.