According to Bloomberg, the nine research firms actively monitoring AutoCanada Inc. (TSE: ACQ) have collectively assigned the company a rating of “Moderate Buy” as their average recommendation for the stock. The research firms gave this rating to reflect their collective opinion regarding the company’s potential for future growth. While another of the research analysts has advised investors to keep their existing stock holdings and keep buying shares of the company, one of the research analysts has recommended that investors buy shares of the company. $40.44 in Canadian dollars is the average one-year price objective that brokers who updated their coverage of the stock in the previous year had for the stock at the end of the previous year.

Several equity research professionals have authored recent reports on the company’s stock, which is traded under the ticker symbol ACQ. In a research note published on November 2, Canaccord Genuity Group announced that they were decreasing their price target for AutoCanada shares from C$45.00 (Canadian) to C$35.00 (Canadian). Cormark decreased its price objective for AutoCanada shares in a report issued on Friday, November 11. The new price objective is $43.50 (Canadian), which decreases from the previous price objective of $50.00 (Canadian). BMO Capital Markets announced in a research note released on Friday, November 11, that they were increasing their price objective for AutoCanada shares from C$25.00 to C$28.00. The previous price objective was set at C$25.00. In a research note published on Friday, December 23, CIBC lowered its price objective for AutoCanada from C$35.00 to C$24.00 and downgraded the company from “outperform” to “neutral.” National Bankshares decreased their price objective on AutoCanada shares from C$37.00 to C$28.00 in a research report published on Friday, November 11. This was the company’s final action, but by no means its the least important one.
On Wednesday, the TSE ACQ debuted for 23.20 Canadian dollars. This illustration provides:
A debt-to-equity ratio equal to 370.76.
A quick ratio equal to 0.25.
A current ratio equal to 1.02.
The stock price has a simple moving average of $24.44 over the past fifty days, while its price has a simple moving average of $25.46 over the last 200 days. Over the past year, the price of AutoCanada has varied between $20.76 and $43.03, with a price of $43.03 serving as the average. The company’s market value is currently sitting at 585.94 million Canadian dollars, and its price-to-earnings ratio is 4.66.

On November 9, AutoCanada (TSE: ACQ) announced the results of its most recent quarterly financial report to the public. This event took place on Wednesday. The revenue of 1.16 Canadian dollars per share for the quarter was below the industry forecast of 1.31 Canadian dollars, a shortfall of 0.15 Canadian dollars. The revenue for the quarter was reported in Canadian dollars. The company’s revenue for the quarter came in at 1.62 billion Canadian dollars, which is significantly higher than the average estimate of analysts, which was 1.48 billion Canadian dollars. Analysts on the sell side anticipate that AutoCanada will record a profit of $4.3200002 per share in the current fiscal year.

Through its plethora of wholly owned subsidiaries, AutoCanada Inc. runs franchised auto dealerships. The company offers a wide range of automotive products and services, including brand-new and previously owned automobiles, automobile leasing, automobile parts, automobile maintenance, automobile body repair, extended service contracts, automobile insurance, and other aftermarket goods and services.

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