AutoCanada (TSE:ACQ) Insider Acquires C$41,475.00 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was bought at an average price of C$27.65 per share, with a total value of C$41,475.00. Following the purchase, the insider owned 1,584,375 shares of the company’s stock, valued at approximately C$43,807,968.75. The trade was a 0.09% increase in their position.

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

• On Monday, October 19th, Paul Antony bought 5,000 shares of AutoCanada stock. The stock was bought at an average price of C$27.13 per share, for a total transaction of C$135,650.00.
• On Friday, October 16th, Paul Antony bought 2,400 shares of AutoCanada stock. The shares were purchased at an average cost of C$26.12 per share, for a total transaction of C$62,688.00.
• On Thursday, October 15th, Paul Antony acquired 1,472 shares of AutoCanada stock. The shares were purchased at an average price of C$24.82 per share, for a total transaction of C$36,535.04.
• On Wednesday, October 14th, Paul Antony bought 2,036 shares of AutoCanada stock. The shares were acquired at an average price of C$24.33 per share, with a total value of C$49,535.88.
• On Tuesday, October 13th, Paul Antony bought 1,836 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.56 per share, for a total transaction of C$45,092.16.
• On Friday, October 9th, Paul Antony purchased 2,218 shares of AutoCanada stock. The stock was acquired at an average price of C$24.41 per share, for a total transaction of C$54,141.38.
• On Thursday, October 8th, Paul Antony purchased 1,818 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.15 per share, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony acquired 2,818 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Performance

ACQ traded down C$0.53 on Tuesday, hitting C$28.73. 24,131 shares of the company’s stock were exchanged, compared to its average volume of 54,413. The firm has a market cap of C$660.45 million, a PE ratio of 22.62, a P/E/G ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a twelve month low of C$14.00 and a twelve month high of C$30.35. The stock has a fifty day moving average of C$23.53 and a two-hundred day moving average of C$23.27. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. National Bank Financial reduced their target price on shares of AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. BMO Capital Markets boosted their price target on AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, AutoCanada has a consensus rating of “Hold” and a consensus target price of C$23.14.

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.