AutoCanada (TSE:ACQ) Shares Pass Above 200-Day Moving Average – Should You Sell?

AutoCanada Inc. (TSE:ACQ)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$23.20 and traded as high as C$23.89. AutoCanada shares last traded at C$23.65, with a volume of 29,161 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ACQ. BMO Capital Markets cut AutoCanada from an “outperform” rating to a “hold” rating and set a C$24.00 price target for the company. in a research report on Monday, July 20th. Acumen Capital boosted their price objective on shares of AutoCanada from C$25.00 to C$27.00 and gave the stock a “speculative buy” rating in a research report 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 company a “sector perform” rating in a research note on Tuesday, May 26th. National Bank Financial dropped 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 Monday, July 13th. Finally, ATB Cormark Capital Markets cut 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 research 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$22.57.

AutoCanada Stock Performance

The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 448.50. The stock has a fifty day moving average price of C$22.32 and a two-hundred day moving average price of C$23.19. The company has a market capitalization of C$541.69 million, a price-to-earnings ratio of 22.62, a PEG ratio of 0.30 and a beta of 1.70.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$1.19 billion for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%. As a group, analysts forecast that AutoCanada Inc. will post 2.4311927 EPS for the current fiscal 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.