Insider Buying: AutoCanada (TSE:ACQ) Insider Purchases C$45,092.16 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 1,836 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were bought at an average cost of C$24.56 per share, with a total value of C$45,092.16. Following the completion of the acquisition, the insider owned 1,566,567 shares of the company’s stock, valued at approximately C$38,474,885.52. This trade represents a 0.12% increase in their ownership of the stock.

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

• On Friday, October 9th, Paul Antony bought 2,218 shares of AutoCanada stock. The shares were 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 purchased 2,818 shares of AutoCanada stock. The stock was acquired at an average price of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Price Performance

ACQ stock traded up C$1.28 on Friday, reaching C$26.45. 54,723 shares of the company’s stock were exchanged, compared to its average volume of 55,133. The stock has a fifty day moving average of C$22.94 and a 200-day moving average of C$22.42. The firm has a market cap of C$608.03 million, a PE ratio of 20.83, a P/E/G ratio of 0.30 and a beta of 1.72. 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 twelve month low of C$14.00 and a twelve month high of C$30.35.

AutoCanada (TSE:ACQ) last released 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%. As a group, equities analysts predict that AutoCanada Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ACQ has been the subject of a number of analyst reports. National Bank Financial cut their price target on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a report on Thursday. Royal Bank Of Canada increased their price objective 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 lifted their price objective on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$23.14.

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.