AutoCanada (TSE:ACQ) Insider Purchases 1,200 Shares

AutoCanada Inc. (TSE:ACQ) insider James Mikel Pestrak bought 1,200 shares of AutoCanada stock in a transaction on Monday, November 17th. The shares were purchased at an average price of C$19.52 per share, for a total transaction of C$23,424.00. Following the acquisition, the insider directly owned 9,800 shares in the company, valued at approximately C$191,296. This trade represents a 13.95% increase in their position.

AutoCanada Stock Down 0.5%

Shares of TSE:ACQ traded down C$0.10 during trading on Friday, hitting C$21.42. The stock had a trading volume of 30,696 shares, compared to its average volume of 39,386. The company has a market capitalization of C$494.78 million, a PE ratio of -53.55, a PEG ratio of 0.30 and a beta of 2.09. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The firm’s fifty day moving average is C$24.10 and its 200 day moving average is C$26.51. AutoCanada Inc. has a 12 month low of C$14.03 and a 12 month high of C$35.48.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. The company had revenue of C$1.20 billion for the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%. Analysts anticipate that AutoCanada Inc. will post 2.4311927 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACQ. ATB Capital decreased their price target on shares of AutoCanada from C$30.00 to C$25.00 in a research note on Monday, November 17th. CIBC cut their price objective on shares of AutoCanada from C$38.00 to C$33.00 in a report on Monday, November 17th. Cibc World Mkts upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. Royal Bank Of Canada dropped their price target on AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating on the stock in a research report on Friday, August 15th. Finally, Canaccord Genuity Group upped their price target on AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.14.

About AutoCanada

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.