AutoCanada Expands Edmonton Collision Network with Acquisition of Modern Autobody

AutoCanada ( (TSE:ACQ) ) has provided an update.

AutoCanada has acquired Modern Autobody, a long-established Edmonton collision and refinish repair facility, in a move that expands its collision repair footprint and strengthens its luxury and electric vehicle certification coverage in the region. The strategically located shop, which holds an extensive suite of OEM certifications from brands such as Mercedes-Benz, BMW, Tesla, Porsche and Rivian, is expected to generate operational synergies with nearby AutoCanada collision centres and dealerships, while the absence of existing direct repair programs offers an immediate opportunity to build insurer partnerships, increase repair volumes and capture additional revenue through the company’s existing insurance relationships.

The most recent analyst rating on (TSE:ACQ) stock is a Hold with a C$24.00 price target. To see the full list of analyst forecasts on AutoCanada stock, see the TSE:ACQ Stock Forecast page.

Spark’s Take on TSE:ACQ Stock

According to Spark, TipRanks’ AI Analyst, TSE:ACQ is a Underperform.

AutoCanada’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue, negative profitability, and high leverage. Technical analysis suggests a bearish trend with limited momentum, while valuation metrics highlight the company’s unprofitability. Despite some positive developments in cost management and the Collision business, significant challenges remain.

To see Spark’s full report on TSE:ACQ stock, click here.

More about AutoCanada

AutoCanada is a leading multi-location Canadian automobile dealership and collision repair group with 64 franchised dealerships across eight provinces, three independent used-vehicle stores, and a growing network of 33 collision centres and one calibration centre. The company represents 23 automotive brands in Canada, including major luxury and mass-market manufacturers, and its integrated dealership and collision operations are designed to enhance customer retention throughout the vehicle ownership lifecycle, while its U.S. dealerships in Illinois are currently held for sale and treated as discontinued operations.

Average Trading Volume: 63,529

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$581.5M

For an in-depth examination of ACQ stock, go to TipRanks’ Overview page.