AutoCanada (TSE:ACQ) Insider Paul Antony Acquires 2,218 Shares of Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 2,218 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were acquired at an average price of C$24.41 per share, with a total value of C$54,141.38. Following the purchase, the insider owned 1,564,731 shares in the company, valued at C$38,195,083.71. This trade represents a 0.14% increase in their ownership of the stock.

Paul Antony also recently made the following trade(s):

• On Thursday, October 8th, Paul Antony bought 1,818 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.15 per share, for a total transaction of C$43,904.70.
• On Wednesday, October 7th, Paul Antony purchased 2,818 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Stock Performance

Shares of TSE ACQ opened at C$24.11 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. The business’s 50 day moving average is C$22.84 and its two-hundred day moving average is C$22.35. The company has a market cap of C$554.24 million, a P/E ratio of 18.98, a P/E/G ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 12 month low of C$14.00 and a 12 month high of C$30.35.

AutoCanada (TSE:ACQ) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. The company had revenue of C$1.42 billion during the quarter. On average, equities analysts expect that AutoCanada Inc. will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

ACQ has been the topic of several research analyst reports. Royal Bank Of Canada raised their price target on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. National Bank Financial upped their price objective on shares of AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Finally, BMO Capital Markets upped their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, AutoCanada has an average rating of “Hold” and an average price target of C$23.43.

About AutoCanada

AutoCanada’s Canadian Dealership Operations include 64 franchised dealerships representing 23 automotive brands across eight provinces, as well as three independent used dealerships. The Company currently sells Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, and Volkswagen vehicles. In 2024, AutoCanada’s Canadian dealerships sold approximately 85,000 new and used retail vehicles.