The Globe and Mail reports in its Wednesday, Jan. 28, edition that Acumen Capital analyst Trevor Reynolds continues to rate AutoCanada "speculative buy." The Globe's David Leeder writes that Mr. Reynolds gave his share target a $3.75 boost to $39.25. Analysts on average target the shares at $32.20. Mr. Reynolds tweaked his share target ahead following last week's announcement of AutoCanada's acquisition of Modern Autobody, a single-location collision and refinish repair facility in Edmonton. Mr. Reynolds says in a note, "Our focus over the near to medium term remains on AutoCanada's ability to add back revenue while maintaining cost savings, growth of collision repair, and completion of the U.S. asset sales." The Globe reported on March 21 that Mr. Reynolds had reaffirmed his "speculative buy" recommendation for AutoCanada. The shares could then be had for $17.52. The Globe reported on Jan. 7 that RBC Dominion Securities analyst Sabahat Khan had reaffirmed his "sector perform" recommendation for AutoCanada. The shares could then be had for $24.69. The Globe reported on Jan. 20 that Canaccord Genuity analyst Luke Hannan had reaffirmed his "buy" recommendation for AutoCanada. The shares were then going for $26.48.
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