AutoCanada (TSE:ACQ) Downgraded to “Market Perform” Rating by BMO Capital Markets

BMO Capital Markets downgraded shares of AutoCanada (TSE:ACQ) from an outperform rating to a market perform rating in a research note issued to investors on Monday morning,BayStreet.CA reports. BMO Capital Markets currently has C$24.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada upped their target price on shares of AutoCanada from C$18.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 26th. National Bank Financial decreased their price target on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. ATB Cormark Capital Markets dropped their price objective on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 19th. Finally, Acumen Capital upped their price objective on shares of AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$22.57.

AutoCanada Stock Down 6.2%

Shares of ACQ stock opened at C$21.60 on Monday. AutoCanada has a 12 month low of C$14.00 and a 12 month high of C$35.48. The firm has a market cap of C$497.47 million, a PE ratio of 20.77, a price-to-earnings-growth ratio of 0.30 and a beta of 1.70. The stock has a 50 day moving average of C$22.15 and a 200-day moving average of C$23.24. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 448.50.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$1.19 billion during the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%. On average, equities analysts predict that AutoCanada will post 2.4311927 EPS for the current year.

About AutoCanada

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.