The Globe and Mail reports in its Friday edition that AutoCanada received at least two analyst downgrades following disappointing fourth quarter results that indicated ongoing challenges in the industry. The Globe's Darcy Keith writes in the Eye On Equities column that National Bank Financial analyst Maxim Sytchev cut his rating to "sector perform" from "outperform" while cutting his share target to $24 from $29. Canaccord Genuity analyst Luke Hannan lowered his recommendation to "hold" from a "buy" and slashed his share target to $22 from $42. Analysts on average target the shares at $27.46. Mr. Hannan says in a note: "We expect the stock to be range bound for at least the next two quarters given management's commentary that GPUs [gross profit per unit] in both new and used should be soft over that timeframe, while also taking 12-18 months before AutoCanada's dealerships can operate closer to industry benchmarks." Mr. Sytchev says in a note: "The entire auto dealer cohort has been slowly rolling over since late 2025, with the decline only accelerating YTD; with recent tariff uncertainty, y/y declines in the residential market and general Canadian economic malaise, the 'economy is not that bad' vibe has come off."