AutoCanada Inc. (OTCMKTS:AOCIF – Get Free Report)’s share price traded up 29.4% during trading on Wednesday. The stock traded as high as $20.50 and last traded at $20.50. Approximately 2,569 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 10,481 shares. The stock had previously closed at $15.84.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. BMO Capital Markets restated a “market perform” rating on shares of AutoCanada in a report on Friday, August 14th. Royal Bank Of Canada reissued a “sector perform” rating on shares of AutoCanada in a report on Tuesday, August 18th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of AutoCanada in a research report on Friday, August 14th. Finally, Desjardins assumed coverage on shares of AutoCanada in a research note on Tuesday, October 27th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, AutoCanada currently has an average rating of “Hold”.
Read Our Latest Report on AOCIF
AutoCanada Stock Up 29.4%
The firm has a 50 day moving average price of $15.91 and a 200 day moving average price of $16.41.
About AutoCanada
AutoCanada Inc is an automotive dealership group that operates franchised dealerships in Canada and the United States. The company sells new and used vehicles from a range of major automobile manufacturers and supports customers through vehicle financing and insurance products.
In addition to vehicle sales, AutoCanada provides automotive repair and maintenance services, sells replacement parts, and offers collision-repair services at selected locations. Its operations also include dealership-related digital and customer-service capabilities intended to support vehicle purchases and ownership throughout the customer lifecycle.
AutoCanada was established in 2006 and has expanded through the acquisition and operation of automotive dealerships.
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