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

AutoCanada Inc. (TSE:ACQ) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$23.43.

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

AutoCanada Price Performance

Shares of TSE ACQ opened at C$22.88 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. AutoCanada has a 52 week low of C$14.00 and a 52 week high of C$33.01. The firm has a 50-day moving average price of C$22.68 and a 200 day moving average price of C$22.05. The stock has a market capitalization of C$525.97 million, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.30 and a beta of 1.84.

AutoCanada (TSE:ACQ) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. The firm had revenue of C$1.42 billion for the quarter. Equities research 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.