The Globe and Mail reports in its Friday edition that Acumen Capital analyst Trevor Reynolds believes there is potential for AutoCanada to grow in the future, "assuming management can achieve their projected cost savings and the macroeconomic environment stabilizes." The Globe's David Leeder writes in the Eye On Equities column that as a result, Mr. Reynolds has upgraded his rating for AutoCanada to "speculative buy" from "hold." Mr. Reynolds boosted his share target by $2.50 to $22.50. Analysts on average target the shares at $20.26. Mr. Reynolds says in a note: "Results for the quarter were generally ahead of expectations driven by improved demand as a result of OEM incentives and reduced lending rates. With the quarter AutoCanada announced a plan to sell the U.S. division as part of the strategic review which is now complete. Given the highly uncertain macro environment AutoCanada is focused on what they can control which is the previously stated plan to significantly reduce costs and leverage." Mr. Reynolds expects results to be "challenged" in the near term given the difficult macro conditions, noting new vehicle sales thus far in 2025 are down 3 per cent year-over-year while the used market "remains soft."