The Globe and Mail reports in its Friday, March 8, edition that National Bank analyst Maxim Sytchev continues to rate AutoCanada "sector perform." The Globe's David Leeder writes that Mr. Sytchev chopped his share target down by $2.50 to $22. Analysts on average target the shares at $28.70. The Globe says Mr. Sytchev is waiting on the sidelines with AutoCanada due to macroeconomic conditions after it missed fourth quarter 2023 earnings targets. Mr. Sytchev says in a note: "We maintain our 'consumer under pressure' view, making a positive investment thesis more challenging at the moment, even at what we deem as a reasonable valuation for ACQ shares. The U.S. division continues to produce volatile outcome as not having a wide platform does not help. Self-improvement initiatives should pay dividends down the road but this likely a 2025 event, delaying the need to step in right at this moment. We hear from investors that expectations are not aggressive but if the shares do not seem to work in a relatively buoyant market, we could be presented with a more compelling opportunity in case there is any general downdraft." The Globe reported on Dec. 15 that Mr. Sytchev rated AutoCanada "sector perform" when it was worth $20.89.