Autocanada Stock Today

ACQ Stock  CAD 26.75  0.28  1.06%   

Performance

6 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 1

 
100  
 
Zero
Very Small
Autocanada is selling at 26.75 as of the 28th of March 2024; that is 1.06% increase since the beginning of the trading day. The stock's open price was 26.47. Autocanada has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Autocanada are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Consumer Discretionary Distribution & Retail
Category
Consumer Cyclical
Classification
Consumer Discretionary
AutoCanada Inc., through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick, Canada and Illinois, the United States. AutoCanada Inc. was incorporated in 2009 and is headquartered in Edmonton, Canada. The company has 23.61 M outstanding shares of which 601.56 K shares are presently shorted by private and institutional investors with about 12.41 days to cover all short positions. More on Autocanada

Moving against Autocanada Stock

  0.78PLC Park Lawn CorpPairCorr
  0.59CTC-A Canadian TirePairCorr
  0.52MRE Martinrea InternationalPairCorr
  0.41PKI Parkland FuelPairCorr

Autocanada Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Autocanada's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Autocanada or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, DirectorSteven Landry
Business ConcentrationAutomotive Retail, Consumer Discretionary Distribution & Retail, Consumer Discretionary, Consumer Discretionary, Specialty Retail, Auto & Truck Dealerships, Consumer Cyclical (View all Sectors)
Autocanada's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Autocanada's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Autocanada's financial leverage. It provides some insight into what part of Autocanada's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Autocanada's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Autocanada deploys its capital and how much of that capital is borrowed.
Liquidity
Autocanada cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 1.18 B in total debt with debt to equity ratio (D/E) of 4.73, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Autocanada has a current ratio of 0.95, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Autocanada until it has trouble settling it off, either with new capital or with free cash flow. So, Autocanada's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Autocanada sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Autocanada to invest in growth at high rates of return. When we think about Autocanada's use of debt, we should always consider it together with cash and equity.

Dividends Paid

0.0
Autocanada (ACQ) is traded on Toronto Exchange in Canada and employs 34 people. Autocanada is listed under Automotive Retail category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 631.6 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Autocanada's market, we take the total number of its shares issued and multiply it by Autocanada's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Autocanada operates under Specialty Retail sector and is part of Consumer Discretionary industry. The entity has 23.61 M outstanding shares of which 601.56 K shares are presently shorted by private and institutional investors with about 12.41 days to cover all short positions. Autocanada has accumulated about 0 in cash with 119.53 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.86.
Check Autocanada Probability Of Bankruptcy
Ownership Allocation
Autocanada holds a total of 23.61 Million outstanding shares. Over half of Autocanada's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Autocanada. Please watch out for any change in the institutional holdings of Autocanada as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Autocanada Ownership Details

Autocanada Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Autocanada jumping above the current price in 90 days from now is near 1%. The Autocanada probability density function shows the probability of Autocanada stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Autocanada has a beta of 0.9728. This suggests Autocanada market returns are highly reactive to returns on the market. As the market goes up or down, Autocanada is expected to follow. Additionally, autocanada has an alpha of 0.2607, implying that it can generate a 0.26 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 26.75HorizonTargetOdds Above 26.75
99.32%90 days
 26.75 
0.67%
Based on a normal probability distribution, the odds of Autocanada to move above the current price in 90 days from now is near 1 (This Autocanada probability density function shows the probability of Autocanada Stock to fall within a particular range of prices over 90 days) .

Autocanada Historical Income Statement

Autocanada Income Statement is one of the three primary financial statements used for reporting Autocanada's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Autocanada revenue and expense. Autocanada Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Autocanada's Operating Income is very stable compared to the past year. As of the 28th of March 2024, EBIT is likely to grow to about 307.4 M, while Net Income From Continuing Ops is likely to drop about 39.7 M. View More Fundamentals

Autocanada Stock Against Markets

Picking the right benchmark for Autocanada stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Autocanada stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Autocanada is critical whether you are bullish or bearish towards Autocanada at a given time. Please also check how Autocanada's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Autocanada without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Earnings Calls Now

   

Earnings Calls

Check upcoming earnings announcements updated hourly across public exchanges
All  Next Launch Module

Autocanada Corporate Directors

Autocanada corporate directors refer to members of an Autocanada board of directors. The board of directors generally takes responsibility for the Autocanada's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Autocanada's board members must vote for the resolution. The Autocanada board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Barry JamesIndependent DirectorProfile
Stephen GreenIndependent DirectorProfile
Maryann KellerLead Independent DirectorProfile
Elias OlmetaIndependent DirectorProfile

How to buy Autocanada Stock?

Before investing in Autocanada, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Autocanada. To buy Autocanada stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Autocanada. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Autocanada stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Autocanada stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Autocanada stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Autocanada, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Autocanada?

The danger of trading Autocanada is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Autocanada is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Autocanada. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Autocanada is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autocanada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Autocanada Stock analysis

When running Autocanada's price analysis, check to measure Autocanada's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Autocanada is operating at the current time. Most of Autocanada's value examination focuses on studying past and present price action to predict the probability of Autocanada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Autocanada's price. Additionally, you may evaluate how the addition of Autocanada to your portfolios can decrease your overall portfolio volatility.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
CEOs Directory
Screen CEOs from public companies around the world
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Please note, there is a significant difference between Autocanada's value and its price as these two are different measures arrived at by different means. Investors typically determine if Autocanada is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Autocanada's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.