Will AutoCanada Inc. Short Squeeze Soon?

 Will AutoCanada Inc. Short Squeeze Soon?

The stock of AutoCanada Inc. (TSE:ACQ) is a huge mover today! About 122,058 shares traded hands or 56.43% up from the average. AutoCanada Inc. (TSE:ACQ) has risen 12.32% since April 1, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.
The move comes after 6 months negative chart setup for the $556.01 million company. It was reported on Nov, 7 by Barchart.com. We have $19.22 PT which if reached, will make TSE:ACQ worth $27.80M less.

AutoCanada Inc. (TSE:ACQ) Ratings Coverage

Out of 5 analysts covering Autocanada (TSE:ACQ), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $47 is the highest target while $23 is the lowest. The $35.40 average target is 74.99% above today’s ($20.23) stock price. Autocanada has been the topic of 20 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Wednesday, August 5 by Scotia Capital. The firm has “Outperform” rating given on Monday, October 31 by RBC Capital Markets. The stock of AutoCanada Inc. (TSE:ACQ) earned “Buy” rating by GMP Securities on Tuesday, June 28. The stock of AutoCanada Inc. (TSE:ACQ) earned “Sector Perform” rating by Scotia Capital on Friday, November 4. Canaccord Genuity maintained it with “Hold” rating and $33 target price in Monday, August 10 report. Scotia Capital maintained the shares of ACQ in a report on Wednesday, September 21 with “Sector Perform” rating.

Another recent and important AutoCanada Inc. (TSE:ACQ) news was published by Seekingalpha.com which published an article titled: “AutoCanada, Inc. (AOCIF) CEO Steven Landry on Q3 2016 Results – Earnings Call …” on May 06, 2016.

AutoCanada Inc. is a Canada multi-location automobile dealership company. The company has a market cap of $556.01 million. The Firm offers a diversified range of automotive services and products, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products and other after-market products. It has a 21.01 P/E ratio. The Firm also arranges financing and insurance for vehicle purchases by its clients through third-party finance and insurance sources.

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