BMO Capital Markets Lowers AutoCanada (TSE:ACQ) Price Target to C$24.00

AutoCanada (TSE:ACQ) had its price objective cut by investment analysts at BMO Capital Markets from C$36.00 to C$24.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 39.94% from the stock’s previous close.

A number of other brokerages have also commented on ACQ. National Bank Financial lowered AutoCanada from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$29.00 to C$24.00 in a research note on Thursday. Canadian Imperial Bank of Commerce lowered shares of AutoCanada from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$34.00 to C$20.00 in a report on Friday. ATB Cormark Capital Markets dropped their target price on shares of AutoCanada from C$25.00 to C$22.00 and set a “sector perform” rating for the company in a research report on Thursday. Acumen Capital lifted their target price on shares of AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a research note on Tuesday, January 27th. Finally, Canaccord Genuity Group cut shares of AutoCanada from a “buy” rating to a “hold” rating and reduced their price target for the company from C$42.00 to C$22.00 in a research report on Thursday. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, AutoCanada has an average rating of “Hold” and a consensus price target of C$24.18.

AutoCanada Trading Up 0.9%

ACQ opened at C$17.15 on Friday. AutoCanada has a one year low of C$14.00 and a one year high of C$35.48. The company has a debt-to-equity ratio of 409.72, a current ratio of 1.07 and a quick ratio of 0.25. The business has a 50 day simple moving average of C$25.46 and a two-hundred day simple moving average of C$26.04. The firm has a market capitalization of C$396.15 million, a price-to-earnings ratio of -42.88, a PEG ratio of 0.30 and a beta of 1.76.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Wednesday, March 18th. The company reported C($0.06) earnings per share for the quarter. AutoCanada had a return on equity of 3.40% and a net margin of 0.33%.The business had revenue of C$1.12 billion during the quarter. Analysts predict that AutoCanada will post 2.4311927 EPS for the current year.

Key Headlines Impacting AutoCanada

Here are the key news stories impacting AutoCanada this week:

• Negative Sentiment: Q4 results missed expectations — AutoCanada reported C($0.06) EPS on C$1.12B revenue, posted a negative net margin (-0.18%) and negative ROE (-1.67%). Management commentary and the slide deck flagged market headwinds and an internal overhaul. Earnings Transcript
• Negative Sentiment: MarketWatch coverage highlights the share weakness tied to “market headwinds” and the company’s internal overhaul weighing on Q4 results — a narrative that likely pressured sentiment. MarketWatch Article
• Negative Sentiment: BMO Capital Markets cut its price target to C$24 (from C$36) — a sizable trim that signals reduced confidence in the recovery timeline. BayStreet.CA
• Negative Sentiment: Canadian Imperial Bank of Commerce downgraded ACQ from “outperform” to “neutral” and cut its target to C$20 (from C$34), lowering buy-side momentum. BayStreet.CA
• Negative Sentiment: ATB Cormark lowered its target to C$22 (from C$25) and set a “sector perform” rating, reflecting more cautious near-term expectations. BayStreet.CA
• Negative Sentiment: RBC trimmed its target to C$18 (from C$28), signaling limited upside and greater risk perception after Q4. BayStreet.CA
• Negative Sentiment: National Bank Financial downgraded ACQ to “hold” and cut its target to C$24 (from C$29), joining peers in reducing enthusiasm. BayStreet.CA
• Negative Sentiment: Canaccord Genuity moved ACQ from “buy” to “hold” and slashed its target to C$22 (from C$42), a steep reduction that removes a prior bullish driver. BayStreet.CA

AutoCanada Company Profile

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.