Canadian Tire Corp. Stock Hits Day High with 5.68% Surge

Canadian Tire Corp. has shown significant activity today, with the stock rising by 5.68% as it reached an intraday high of CAD 173.00. This performance stands out against the S&P/TSX 60, which only gained 1.04% on the same day. Over the past week, Canadian Tire has increased by 3.88%, while its monthly performance remains relatively flat at 0.05%.
In terms of annual performance, the stock has appreciated by 13.76%, although it trails behind the S&P/TSX 60's 21.8% gain over the same period. Year-to-date, Canadian Tire's performance is at 12.64%, compared to the index's 19.82%.

The company has demonstrated strong management efficiency, highlighted by a return on capital employed (ROCE) of 15.73% and a return on equity (ROE) of 15.23%. Additionally, Canadian Tire has reported positive results for the last three consecutive quarters, with a notable interest coverage ratio of 661.68. The stock is currently trading at a price-to-book ratio of 1.55, indicating a fair valuation relative to its peers.