AutoCanada (TSE:ACQ) Insider Acquires C$62,688.00 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony acquired 2,400 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was purchased at an average cost of C$26.12 per share, for a total transaction of C$62,688.00. Following the transaction, the insider owned 1,572,475 shares in the company, valued at approximately C$41,073,047. The trade was a 0.15% increase in their ownership of the stock.

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

• On Thursday, October 15th, Paul Antony bought 1,472 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.82 per share, for a total transaction of C$36,535.04.
• On Wednesday, October 14th, Paul Antony acquired 2,036 shares of AutoCanada stock. The stock was bought at an average cost of C$24.33 per share, with a total value of C$49,535.88.
• On Tuesday, October 13th, Paul Antony acquired 1,836 shares of AutoCanada stock. The shares were bought at an average price of C$24.56 per share, with a total value 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, with a total value of C$54,141.38.
• On Thursday, October 8th, Paul Antony bought 1,818 shares of AutoCanada stock. The stock was purchased at an average price of C$24.15 per share, for a total transaction of C$43,904.70.
• On Wednesday, October 7th, Paul Antony acquired 2,818 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Price Performance

TSE:ACQ opened at C$28.81 on Friday. The firm’s fifty day moving average is C$23.40 and its two-hundred day moving average is C$22.67. The firm has a market cap of C$662.28 million, a price-to-earnings ratio of 22.69, a PEG ratio of 0.30 and a beta of 1.72. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05. AutoCanada Inc. has a one year low of C$14.00 and a one year high of C$30.35.

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

Analysts Set New Price Targets

ACQ has been the subject of several analyst reports. BMO Capital Markets upped their target price on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Royal Bank Of Canada lifted their price target on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. Finally, National Bank Financial reduced their price target on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, AutoCanada presently has an average rating of “Hold” and an average 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.