AutoCanada (TSE:ACQ) Price Target Lowered to C$22.00 at ATB Cormark Capital Markets

AutoCanada (TSE:ACQ) had its price target trimmed by ATB Cormark Capital Markets from C$25.00 to C$22.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other analysts also recently issued reports on ACQ. Acumen Capital upped their price target on shares of AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a report on Tuesday, January 27th. Canadian Imperial Bank of Commerce raised their price objective on shares of AutoCanada from C$30.00 to C$34.00 in a research note on Thursday, February 5th. National Bank Financial reduced their target price on 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. Royal Bank Of Canada lowered their target price on AutoCanada from C$28.00 to C$18.00 in a report on Thursday. Finally, Canaccord Genuity Group raised their price target on AutoCanada from C$36.00 to C$42.00 and gave the stock a “buy” rating in a research report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$28.46.

AutoCanada Trading Down 15.0%

TSE: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 quick ratio of 0.25, a current ratio of 1.09 and a debt-to-equity ratio of 376.45. AutoCanada has a 52-week low of C$14.00 and a 52-week high of C$35.48. The stock has a fifty day simple moving average of C$25.61 and a 200-day simple moving average of C$26.20.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data 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 business had revenue of C$1.12 billion during the quarter. On average, equities research analysts expect that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.

Trending Headlines about AutoCanada

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.