AutoCanada (TSE:ACQ) Insider Purchases C$14,804.82 in Stock

AutoCanada Inc. (TSE:ACQ) insider Fady Bouras acquired 699 shares of AutoCanada stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of C$21.18 per share, for a total transaction of C$14,804.82. Following the completion of the acquisition, the insider owned 1,208 shares in the company, valued at C$25,585.44. This trade represents a 137.33% increase in their position.

Fady Bouras also recently made the following trade(s):

• On Friday, May 15th, Fady Bouras acquired 509 shares of AutoCanada stock. The stock was bought at an average price of C$21.31 per share, for a total transaction of C$10,846.79.

AutoCanada Trading Up 1.5%

ACQ traded up C$0.32 on Wednesday, hitting C$21.06. The company had a trading volume of 14,406 shares, compared to its average volume of 66,811. The firm has a market cap of C$485.03 million, a P/E ratio of 20.25, a PEG ratio of 0.30 and a beta of 1.85. AutoCanada Inc. has a 1 year low of C$14.00 and a 1 year high of C$35.48. The company’s fifty day moving average price is C$21.02 and its 200 day moving average price is C$23.22. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 448.50.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$1.19 billion for the quarter. AutoCanada had a net margin of 0.51% and a return on equity of 5.29%. As a group, equities analysts expect that AutoCanada Inc. will post 2.4311927 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACQ. Canadian Imperial Bank of Commerce downgraded AutoCanada from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$34.00 to C$20.00 in a research report on Friday, March 20th. BMO Capital Markets dropped their target price on AutoCanada from C$36.00 to C$24.00 in a research report on Friday, March 20th. National Bank Financial dropped their target price on AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 8th. Royal Bank Of Canada dropped their target price on AutoCanada from C$28.00 to C$18.00 in a research report on Thursday, March 19th. Finally, Acumen Capital lifted their target price on AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, AutoCanada currently has a consensus rating of “Hold” and an average target price of C$22.00.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.