AutoCanada (TSE:ACQ) Price Target Cut to C$18.00 by Analysts at Royal Bank Of Canada

AutoCanada (TSE:ACQ) had its price objective trimmed by Royal Bank Of Canada from C$28.00 to C$18.00 in a report published on Thursday morning,BayStreet.CA reports.

Several other analysts have also recently issued reports on ACQ. Canaccord Genuity Group increased their price target on shares of AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research report on Monday, January 19th. National Bank Financial cut their target price on shares of AutoCanada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Acumen Capital increased their target price 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 raised their price target on shares of AutoCanada from C$30.00 to C$34.00 in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$28.46.

AutoCanada Price Performance

AutoCanada stock opened at C$17.00 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.25 and a debt-to-equity ratio of 376.45. The stock has a market cap of C$392.68 million, a P/E ratio of -42.50, a PEG ratio of 0.30 and a beta of 1.76. The company has a 50-day moving average price of C$25.61 and a 200 day moving average price of C$26.20. AutoCanada has a 12-month low of C$14.00 and a 12-month high of C$35.48.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Wednesday, March 18th. The company reported C($0.06) earnings per share for the quarter. The firm had revenue of C$1.12 billion during the quarter. AutoCanada had a negative net margin of 0.18% and a negative return on equity of 1.67%. Sell-side analysts anticipate that AutoCanada will post 2.4311927 earnings per share for the current year.

AutoCanada News Summary

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.