AutoCanada (TSE:ACQ) Shares Pass Above 200 Day Moving Average – Time to Sell?

AutoCanada Inc. (TSE:ACQ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$23.24 and traded as high as C$23.28. AutoCanada shares last traded at C$23.18, with a volume of 7,281 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently commented on ACQ shares. BMO Capital Markets cut their target price on AutoCanada from C$36.00 to C$24.00 in a research note on Friday, March 20th. Royal Bank Of Canada lifted their price target on shares of AutoCanada from C$18.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 26th. ATB Cormark Capital Markets dropped their price objective on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 19th. Acumen Capital raised 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 report on Thursday, May 14th. Finally, National Bank Financial reduced their price objective on shares of AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$22.71.

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 simple moving average of C$22.16 and a 200-day simple moving average of C$23.25. The company has a market capitalization of C$527.18 million, a P/E ratio of 22.01, a PEG ratio of 0.30 and a beta of 1.77.

AutoCanada (TSE:ACQ) last posted its earnings results on Wednesday, May 13th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$1.19 billion for the quarter. AutoCanada had a net margin of 0.51% and a return on equity of 5.29%. Equities 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.