AutoCanada (TSE:ACQ) Downgraded by National Bank Financial to “Sector Perform”

National Bank Financial cut shares of AutoCanada (TSE:ACQ) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have C$24.00 target price on the stock, down from their previous target price of C$29.00.

A number of other analysts have also recently issued reports on the stock. Canaccord Genuity Group cut shares of AutoCanada from a “buy” rating to a “hold” rating and reduced their target price for the company from C$42.00 to C$22.00 in a research note on Thursday. ATB Cormark Capital Markets cut their price target on shares of AutoCanada from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Thursday. Royal Bank Of Canada reduced their price objective on shares of AutoCanada from C$28.00 to C$18.00 in a research note on Thursday. Acumen Capital upped their price objective on shares of AutoCanada from C$35.50 to C$39.25 and gave the stock a “speculative buy” rating in a report on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of AutoCanada from C$30.00 to C$34.00 in a research report on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$28.46.

AutoCanada Stock Down 15.0%

ACQ opened at C$17.00 on Thursday. The company has a market capitalization of C$392.68 million, a PE ratio of -42.50, a price-to-earnings-growth ratio of 0.30 and a beta of 1.76. The company has a debt-to-equity ratio of 376.45, a current ratio of 1.09 and a quick ratio of 0.25. AutoCanada has a fifty-two week low of C$14.00 and a fifty-two week high of C$35.48. The business has a 50-day moving average of C$25.61 and a 200-day moving average of C$26.20.

AutoCanada (TSE:ACQ) last announced its quarterly earnings results on Wednesday, March 18th. The company reported C($0.06) EPS for the quarter. AutoCanada had a negative net margin of 0.18% and a negative return on equity of 1.67%. The firm had revenue of C$1.12 billion during the quarter. Equities research analysts forecast that AutoCanada will post 2.4311927 EPS for the current fiscal year.

Key AutoCanada News

Here are the key news stories impacting AutoCanada this week:

• Negative Sentiment: Q4 results disappointed: ACQ reported C($0.06) EPS on C$1.12B revenue, with a negative net margin and negative ROE — a signal of near‑term profitability pressure and the operational issues analysts flagged. Read More.
• Negative Sentiment: MarketWatch summarized investor concerns: market headwinds and an internal overhaul were cited as drivers weighing on Q4 results and sentiment, contributing to the share decline. Read More.
• Negative Sentiment: ATB Cormark trimmed its price target to C$22 and set a “sector perform” rating — a modest downgrade in optimism that reduces buy‑side conviction. Read More.
• Negative Sentiment: RBC cut its price target to C$18 (near current levels), signaling a more cautious view of near‑term recovery potential. Read More.
• Negative Sentiment: National Bank Financial downgraded ACQ from “outperform” to “sector perform” and lowered its PT to C$24 — a pullback in analyst enthusiasm despite the fact the new PT still implies upside versus today’s price. Read More., Read More.
• Negative Sentiment: Canaccord cut ACQ from “buy” to “hold” and slashed its PT to C$22 (from C$42), a material downgrade that will likely pressure investor sentiment. Read More.

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.