AutoCanada (TSE:ACQ) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• AutoCanada's stock briefly traded above its 200‑day moving average (200‑day MA C$23.94), reaching C$24.13 intraday before last trading at C$23.25 on a volume of 50,481 shares.
• Analyst coverage is mixed—two Buys and five Holds—resulting in an average rating of Hold and an average target price of C$23.89, with several recent target cuts offset by Acumen's raise to C$39.25.
• Key fundamentals show a market cap of C$535M and a recent quarterly EPS of C($0.06) on C$1.12B revenue, but the company carries very high leverage ( debt‑to‑equity 409.72 ), low net margin (0.33%) and tight liquidity (current ratio 1.07, quick ratio 0.25), signaling balance‑sheet and margin pressures.

AutoCanada Inc. (TSE:ACQ - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$23.94 and traded as high as C$24.13. AutoCanada shares last traded at C$23.25, with a volume of 50,481 shares.

Analyst Ratings Changes

ACQ has been the subject of a number of research reports. Acumen Capital raised their price target on shares of AutoCanada from C$35.50 to C$39.25 and gave the stock a "speculative buy" rating in a report on Tuesday, January 27th. ATB Cormark Capital Markets reduced their price objective on shares of AutoCanada from C$25.00 to C$22.00 and set a "sector perform" rating for the company in a report on Thursday, March 19th. Canaccord Genuity Group cut shares of AutoCanada from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$42.00 to C$22.00 in a report on Thursday, March 19th. Royal Bank Of Canada reduced their price objective on shares of AutoCanada from C$28.00 to C$18.00 in a report on Thursday, March 19th. Finally, BMO Capital Markets reduced their price objective on shares of AutoCanada from C$36.00 to C$24.00 in a report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$23.89.

AutoCanada Price Performance

The stock has a market capitalization of C$535.15 million, a price-to-earnings ratio of 35.23, a PEG ratio of 0.30 and a beta of 1.82. The business's fifty day moving average price is C$22.26 and its 200-day moving average price is C$23.94. The company has a debt-to-equity ratio of 409.72, a current ratio of 1.07 and a quick ratio of 0.25.

AutoCanada (TSE:ACQ - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The company reported C($0.06) earnings per share (EPS) for the quarter. The business had revenue of C$1.12 billion for the quarter. AutoCanada had a net margin of 0.33% and a return on equity of 3.40%. On average, research analysts forecast that AutoCanada Inc. will post 2.4311927 EPS for the current year.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.

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