AutoCanada Inc. (TSE:ACQ) Stock Has Average Target Price of C$23.14

by · The Markets Daily

Shares of AutoCanada Inc. (TSE:ACQ – Get Free Report) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$23.14.

ACQ has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of 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. BMO Capital Markets lifted their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. Finally, National Bank Financial decreased their price target on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th.

View Our Latest Stock Report on AutoCanada

Insider Transactions at AutoCanada

In other news, insider Paul Antony purchased 5,000 shares of the business’s stock in a transaction dated Monday, October 19th. The stock was bought at an average cost of C$27.13 per share, with a total value of C$135,650.00. Following the purchase, the insider directly owned 1,577,475 shares of the company’s stock, valued at approximately C$42,796,896.75. This trade represents a 0.32% increase in their ownership of the stock. In the last three months, insiders have purchased 19,598 shares of company stock valued at $495,376. 4.90% of the stock is owned by corporate insiders.

AutoCanada Price Performance

AutoCanada stock opened at C$28.81 on Friday. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$30.35. The stock has a market capitalization of C$662.28 million, a P/E ratio of 22.69, a P/E/G ratio of 0.30 and a beta of 1.72. The firm’s 50-day moving average is C$23.40 and its two-hundred day moving average is C$22.69. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25.

AutoCanada (TSE:ACQ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. The firm had revenue of C$1.42 billion for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. Equities analysts predict that AutoCanada will post 2.43 earnings per share for the current year.

AutoCanada Company Profile

(Get Free Report)

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.

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