Insider Buying: AutoCanada (TSE:ACQ) Insider Buys 1,472 Shares of Company Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 1,472 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was bought at an average price of C$24.82 per share, with a total value of C$36,535.04. Following the completion of the acquisition, the insider owned 1,570,075 shares in the company, valued at C$38,969,261.50. This represents a 0.09% increase in their ownership of the stock.

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

• On Wednesday, October 14th, Paul Antony purchased 2,036 shares of AutoCanada stock. The shares were bought at an average price of C$24.33 per share, for a total transaction of C$49,535.88.
• On Tuesday, October 13th, Paul Antony purchased 1,836 shares of AutoCanada stock. The shares were bought at an average price 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 shares were purchased at an average cost of C$24.41 per share, for a total transaction of C$54,141.38.
• On Thursday, October 8th, Paul Antony acquired 1,818 shares of AutoCanada stock. The stock was purchased 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 purchased at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Trading Up 4.2%

ACQ stock traded up C$1.12 during trading on Tuesday, reaching C$27.57. 30,335 shares of the stock were exchanged, compared to its average volume of 54,918. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. The business has a 50 day moving average price of C$23.03 and a 200-day moving average price of C$22.49. AutoCanada Inc. has a 1 year low of C$14.00 and a 1 year high of C$30.35. The firm has a market capitalization of C$633.78 million, a price-to-earnings ratio of 21.71, a P/E/G ratio of 0.30 and a beta of 1.72.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACQ. National Bank Financial lowered their price objective on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. Royal Bank Of Canada upped their price target on 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. Finally, BMO Capital Markets increased their price target on AutoCanada from C$24.00 to C$27.00 in a 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 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.