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AutoCanada ( (TSE:ACQ) ) has issued an announcement.
AutoCanada Inc. has expanded its collision network by acquiring Doug’s Place Strathcona, a collision and refinish repair facility in Edmonton, Alberta. This acquisition enhances AutoCanada’s service capacity and strengthens its partnerships with leading OEMs and insurance companies, positioning the company to capture more repair volume and improve service availability in the region.
The most recent analyst rating on (TSE:ACQ) stock is a Buy with a C$38.00 price target. To see the full list of analyst forecasts on AutoCanada stock, see the TSE:ACQ Stock Forecast page.
Spark’s Take on TSE:ACQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:ACQ is a Neutral.
AutoCanada’s overall stock score is primarily influenced by its financial challenges, including declining revenues and high leverage. However, the positive sentiment from the earnings call, highlighting cost savings and improved profitability, provides some optimism. The technical analysis shows bullish momentum, but overbought conditions suggest caution. The valuation remains weak due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:ACQ stock, click here.
More about AutoCanada
AutoCanada Inc. is a prominent Canadian automobile dealership group operating 64 franchised dealerships across eight provinces in Canada, representing 23 brands. The company also manages three independent used dealerships and 31 collision centers, including 15 stand-alone facilities. AutoCanada’s operations extend to the U.S. through the Leader Automotive Group, which runs 13 franchised dealerships in Illinois.
Average Trading Volume: 50,318
Technical Sentiment Signal: Buy
Current Market Cap: C$743.1M
See more insights into ACQ stock on TipRanks’ Stock Analysis page.