AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Buys 1,818 Shares

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 1,818 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were acquired at an average cost of C$24.15 per share, with a total value of C$43,904.70. Following the completion of the purchase, the insider owned 1,562,513 shares in the company, valued at approximately C$37,734,688.95. This represents a 0.12% increase in their position.

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

• 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, with a total value of C$67,829.26.

AutoCanada Price Performance

Shares of AutoCanada stock traded down C$0.01 during trading on Tuesday, reaching C$24.59. The company’s stock had a trading volume of 12,652 shares, compared to its average volume of 55,506. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$30.35. The company has a market capitalization of C$565.27 million, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. The business has a 50 day moving average price of C$22.81 and a 200-day moving average price of C$22.32.

AutoCanada (TSE:ACQ) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. The firm had revenue of C$1.42 billion during the quarter. As a group, sell-side analysts anticipate that AutoCanada Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada upped 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 note on Tuesday, August 18th. BMO Capital Markets raised their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. Finally, National Bank Financial raised 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 note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$23.43.

AutoCanada Company Profile

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.