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

Key Points

• AutoCanada shares moved above their 200-day moving average of C$22.37, reaching C$22.63 before closing at C$22.36 in trading volume of 21,689 shares.
• Analysts remain broadly neutral, with one Buy rating and six Holds. The stock has an average rating of “Hold” and an average price target of C$23.43, while individual targets range from C$21.00 to C$27.00.
• In its latest quarter, AutoCanada reported C$0.97 in earnings per share and C$1.42 billion in revenue, though profitability remained modest with a 0.63% net margin and 6.64% return on equity.

AutoCanada Inc. (TSE:ACQ - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$22.37 and traded as high as C$22.63. AutoCanada shares last traded at C$22.36, with a volume of 21,689 shares changing hands.

Wall Street Analyst Weigh In

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

AutoCanada Stock Up 0.6%

The stock's 50 day moving average is C$22.79 and its 200 day moving average is C$22.37. The company has a market capitalization of C$514.01 million, a PE ratio of 17.61, a PEG ratio of 0.30 and a beta of 1.67. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05.

AutoCanada (TSE:ACQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. The business had revenue of C$1.42 billion during the quarter. On average, sell-side analysts anticipate 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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