02:20 PM EST, 03/08/2024 (MT Newswires) -- AutoCanada's ( AOCIF ) Q4/23 headline EPS miss was due to unusual items in opex and higher-than-forecast underlying opex. The other parts of ACQ's Canadian business performed largely in line with BMO's expectations.

The stock is trading at 6x BMO's revised 2025E EBITDA vs. historical range of 6-8x. Analyst Tamy Chen wonders if there is still some opex volatility over the coming quarters. There may be a better entry point in the stock later this year, she adds.

Target price trimmed to $23 (from $24). Maintain Market Perform.

Price: 21.43, Change: +0.51, Percent Change: +2.44