AutoCanada (TSE:ACQ) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• AutoCanada shares crossed above their 200-day moving average, reaching C$22.64 before closing at C$22.33, compared with the C$22.16 average.
• Analyst sentiment remains cautious: one analyst rates the stock a Buy and six rate it Hold, producing a consensus “Hold” rating and an average price target of C$23.43.
• AutoCanada reported quarterly revenue of C$1.42 billion and EPS of C$0.97, but operates with high leverage, including a debt-to-equity ratio of 418.22 and a net margin of just 0.63%.

AutoCanada Inc. (TSE:ACQ - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$22.16 and traded as high as C$22.64. AutoCanada shares last traded at C$22.33, with a volume of 27,579 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACQ. BMO Capital Markets lifted their target price on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. ATB Cormark Capital Markets cut their price target on AutoCanada from C$22.00 to C$21.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 19th. Royal Bank Of Canada upped their price target on AutoCanada from C$23.00 to C$24.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 18th. Acumen Capital increased their price target on AutoCanada from C$25.00 to C$27.00 and gave the company a "speculative buy" rating in a research report on Thursday, May 14th. Finally, National Bank Financial lifted their price objective on AutoCanada from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$23.43.

AutoCanada Stock Performance

The firm has a 50 day moving average of C$22.76 and a two-hundred day moving average of C$22.16. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. The stock has a market cap of C$513.32 million, a PE ratio of 17.58, a PEG ratio of 0.30 and a beta of 1.84.

AutoCanada (TSE:ACQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. The company had revenue of C$1.42 billion for the quarter. Research analysts predict that AutoCanada Inc. will post 2.4311927 EPS for the current fiscal year.

AutoCanada Company Profile

AutoCanada's Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada's Canadian dealerships sold approximately 85,000 new and used retail vehicles.

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