AutoCanada (ACQ) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for AutoCanada (TSE: ACQ):

• 11/15/2024 – AutoCanada had its price target lowered by analysts at CIBC from C$15.50 to C$15.00.
• 11/14/2024 – AutoCanada was upgraded by analysts at National Bankshares, Inc. from a “sector perform” rating to an “outperform” rating. They now have a C$21.00 price target on the stock, up previously from C$17.00.
• 11/14/2024 – AutoCanada had its price target lowered by analysts at BMO Capital Markets from C$19.50 to C$19.00.
• 11/13/2024 – AutoCanada was upgraded by analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating.

AutoCanada Trading Down 0.6 %

Shares of ACQ opened at C$18.79 on Tuesday. The stock has a market capitalization of C$435.74 million, a PE ratio of -11.97, a P/E/G ratio of 0.30 and a beta of 2.54. The company’s fifty day moving average is C$15.65 and its 200 day moving average is C$17.64. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada Inc. has a fifty-two week low of C$13.75 and a fifty-two week high of C$27.44.

Insiders Place Their Bets

In related news, insider EdgePoint Investment Group Inc. bought 18,200 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were purchased at an average price of C$14.88 per share, with a total value of C$270,901.54. Insiders acquired 119,500 shares of company stock valued at $1,779,856 in the last three months. Corporate insiders own 4.90% of the company’s stock.

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.