
AutoCanada has announced a new cybersecurity breach, compounding issues from a previous incident that has negatively impacted its earnings. The company's performance in the second quarter faced significant challenges, as highlighted by the statement from AutoCanada, which noted several headwinds affecting its results. Analysts have expressed concerns regarding the ongoing macroeconomic environment, which continues to pressure consumer spending and the company's ability to attract and retain customers. Additionally, the stock price of $EWCZ has seen a dramatic decline, trading below $6 after previously being valued at $14, leading some analysts to maintain a bearish outlook on the stock.
"AutoCanada faced several headwinds during the second quarter which substantially affected our performance." https://t.co/mlrb5TcTFb
We've been short $EWCZ since $14 -- now trading sub-$6. And guess what? It's STILL a short... Growth slowing, unit growth cut massively and even at $6 it still carries a hefty multiple. https://t.co/XKWvJdeWyH
AutoCanada announces fresh cybersecurity breach as earnings hit by previous incident https://t.co/6acK9t7P6k https://t.co/AZbnWNC7gw