AutoCanada Inc. (TSE:ACQ – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$23.13 and traded as high as C$23.20. AutoCanada shares last traded at C$22.90, with a volume of 56,444 shares traded.
Analyst Ratings Changes
ACQ has been the topic of a number of research analyst reports. BMO Capital Markets lowered AutoCanada from an “outperform” rating to a “hold” rating and set a C$24.00 price target on the stock. in a research note on Monday, July 20th. Acumen Capital upped their price objective on shares of 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. Royal Bank Of Canada increased their price objective on shares of AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 26th. National Bank Financial decreased their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Finally, ATB Cormark Capital Markets lowered their target price on shares of 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. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$22.57.
Get Our Latest Analysis on ACQ
AutoCanada Stock Up 3.6%
AutoCanada (TSE:ACQ – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$1.19 billion during the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%. On average, equities research analysts forecast that AutoCanada Inc. will post 2.4311927 EPS for the current 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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