Research Analysts’ Weekly Ratings Changes for AutoCanada (ACQ)

Several analysts have recently updated their ratings and price targets for AutoCanada (TSE: ACQ):

• 5/5/2023 – AutoCanada had its price target lowered by analysts at National Bankshares, Inc. from C$26.00 to C$18.00. They now have a “sector perform” rating on the stock.
• 5/5/2023 – AutoCanada had its price target lowered by analysts at Scotiabank from C$34.00 to C$27.00.
• 5/5/2023 – AutoCanada had its price target lowered by analysts at ATB Capital from C$80.00 to C$65.00.
• 5/5/2023 – AutoCanada had its price target lowered by analysts at BMO Capital Markets from C$25.00 to C$20.00.
• 5/5/2023 – AutoCanada had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$26.00 to C$18.00.
• 5/5/2023 – AutoCanada had its price target lowered by analysts at CIBC from C$27.00 to C$22.00.
• 5/5/2023 – AutoCanada had its price target lowered by analysts at Cormark from C$36.25 to C$26.00.
• 4/6/2023 – AutoCanada had its price target lowered by analysts at BMO Capital Markets from C$28.00 to C$25.00.

AutoCanada Price Performance

Shares of ACQ opened at C$17.34 on Tuesday. AutoCanada Inc. has a 52 week low of C$15.14 and a 52 week high of C$31.62. The stock has a market capitalization of C$408.36 million, a price-to-earnings ratio of 5.45, a PEG ratio of 0.30 and a beta of 2.68. The company has a debt-to-equity ratio of 417.87, a quick ratio of 0.25 and a current ratio of 1.01. The stock has a fifty day moving average of C$18.93 and a 200-day moving average of C$23.29.

AutoCanada (TSE:ACQ – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported C$0.52 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.88 by C($0.36). The company had revenue of C$1.39 billion during the quarter, compared to analyst estimates of C$1.42 billion. As a group, sell-side analysts anticipate that AutoCanada Inc. will post 2.7932264 earnings per share for the current fiscal year.

Insider Activity at AutoCanada

In related news, insider EdgePoint Investment Group Inc. acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The stock was acquired at an average cost of C$20.86 per share, for a total transaction of C$1,043,045.00. 3.30% of the stock is currently owned by company insiders.

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, and vehicle protection and other after-market products.