AutoCanada (TSE:ACQ) Share Price Crosses Above 200-Day Moving Average of $25.41

AutoCanada Inc. (TSE:ACQ – Get Rating) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.41 and traded as high as C$25.42. AutoCanada shares last traded at C$24.92, with a volume of 64,143 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACQ. Cormark decreased their price objective on AutoCanada from C$50.00 to C$43.50 in a report on Friday, November 11th. BMO Capital Markets upped their price objective on AutoCanada from C$25.00 to C$28.00 in a report on Friday, November 11th. Scotiabank decreased their price target on AutoCanada from C$37.50 to C$35.00 in a research note on Friday, November 11th. National Bankshares decreased their price target on AutoCanada from C$37.00 to C$28.00 in a research note on Friday, November 11th. Finally, Canaccord Genuity Group decreased their price target on AutoCanada from C$45.00 to C$35.00 in a research note on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, AutoCanada currently has an average rating of “Hold” and a consensus target price of C$39.19.

AutoCanada Stock Performance

The firm has a market capitalization of C$674.08 million and a price-to-earnings ratio of 5.38. The company has a debt-to-equity ratio of 370.76, a current ratio of 1.02 and a quick ratio of 0.25. The firm has a 50 day moving average price of C$25.02 and a 200-day moving average price of C$25.41.

AutoCanada (TSE:ACQ – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported C$1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.31 by C($0.15). The firm had revenue of C$1.62 billion during the quarter, compared to analyst estimates of C$1.48 billion. As a group, sell-side analysts expect that AutoCanada Inc. will post 4.3200002 earnings per share for the current fiscal year.

Insider Activity at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. bought 12,700 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The shares were purchased at an average price of C$21.73 per share, with a total value of C$276,006.56. Following the completion of the acquisition, the insider now directly owns 12,700 shares of the company’s stock, valued at approximately C$276,006.56.

AutoCanada Company Profile

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AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, and vehicle protection and other after-market products.