AutoCanada Inc. (TSE:ACQ – Get Free Report) shares passed 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 Analysts Forecast Growth
ACQ has been the topic of several research reports. National Bank Financial upped their price target on shares of 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. BMO Capital Markets lifted their target price on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. ATB Cormark Capital Markets dropped their price target on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 19th. Royal Bank Of Canada lifted their price target on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 18th. Finally, Acumen Capital boosted their target price 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 investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$23.43.
Get Our Latest Research Report on AutoCanada
AutoCanada Trading Up 1.1%
AutoCanada (TSE:ACQ – Get Free Report) last announced its quarterly earnings data 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 business had revenue of C$1.42 billion during the quarter. Research analysts predict that AutoCanada Inc. will post 2.4311927 earnings per share for the current year.
About AutoCanada
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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