The Globe and Mail reports in its Friday, March 21, edition that CIBC World Markets analyst Krista Friesen is sticking with her "underperformer" recommendation for AutoCanada. The Globe's David Leeder writes that Ms. Friesen gave her share target a $2 trim to $15. Analysts on average target the shares at $19.33. Ms. Friesen says in a note: "AutoCanada reported a solid Q4, with EBITDA coming in at $47-million on a total operations basis, above our and Street expectations of $36-million. However, 2025 seems to be off to a challenging start, with AutoCanada noting a 2.8-per-cent year-over-year drop in Canadian new LV sales. The company also provided an update on its strategic revenue, noting the decision to close all remaining RightRide locations and classify its U.S. operations as discontinued operations. While AutoCanada deserves credit where its due, we believe the soft demand outlook on top of possible tariffs clouds the name." The Globe reported on April 19 that Ms. Friesen rated AutoCanada "neutral." It was then worth $24.15. The Globe reported on Nov. 15 that National Bank Financial analyst Maxim Sytchev had upgraded his rating to "outperform" from "sector perform." AutoCanada was then worth $18.90.
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