Shares of AutoCanada Inc. (TSE:ACQ – Get Free Report) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings 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 analysts that have covered the stock in the last year is C$23.14.
A number of analysts have recently weighed in on ACQ shares. Royal Bank Of Canada raised their price objective on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. BMO Capital Markets lifted their price target on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Finally, National Bank Financial reduced their price target on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th.
View Our Latest Analysis on ACQ
Insider Activity at AutoCanada
In related news, insider Paul Antony acquired 5,000 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was purchased at an average price of C$27.13 per share, with a total value of C$135,650.00. Following the transaction, the insider 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 position. Over the last quarter, insiders acquired 21,098 shares of company stock valued at $536,851. Corporate insiders own 4.90% of the company’s stock.
AutoCanada Trading Down 1.6%
Shares of TSE ACQ opened at C$28.78 on Friday. AutoCanada has a 1-year low of C$14.00 and a 1-year high of C$30.35. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. The business’s 50 day moving average is C$23.64 and its two-hundred day moving average is C$23.29. The stock has a market capitalization of C$661.59 million, a P/E ratio of 22.66, a PEG ratio of 0.30 and a beta of 1.72.
AutoCanada (TSE:ACQ – Get Free Report) last announced its quarterly 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%. As a group, research analysts expect that AutoCanada will post 2.43 EPS for the current year.
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.
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