The Globe and Mail reports in its Friday edition that National Bank Financial analyst Maxim Sytchev has reaffirmed his "sector perform" recommendation for AutoCanada. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev gave his share target a $2 boost to $22. Analysts on average target the shares at $28.10. Mr. Sytchev says in a note: "The challenges of still-high prices, elevated interest rates and generally less money in consumers' pockets continue to pressure the top line, even as new vehicle supply continues to improve. While this drives customers into less expensive offerings, management noted that it is having difficulty sourcing used cars at lower price points in sufficient quantities; trade-ins are down materially and buying vehicles at auction significantly hurts per unit profitability. As such, even though a used car can now be readied for sale in about eight days (vs. 60-plus previously), GPUs remain depressed, no doubt hindered by the sell down of expensive inventory in a declining price environment. The collision business – now broken out as a separate vertical -- was touted as a bright spot, now generating $10-million of EBITDA annually (previously a money losing business)."