AutoCanada (TSE:ACQ) Insider James Mikel Pestrak Acquires 1,200 Shares of Stock

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

AutoCanada Price Performance

Shares of TSE ACQ opened at C$21.42 on Friday. The stock’s 50-day simple moving average is C$24.10 and its 200-day simple moving average is C$26.54. The firm has a market capitalization of C$494.78 million, a PE ratio of -53.55, a price-to-earnings-growth ratio of 0.30 and a beta of 2.09. AutoCanada Inc. has a fifty-two week low of C$14.03 and a fifty-two week high of C$35.48. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03.

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

Analyst Ratings Changes

Several research firms have issued reports on ACQ. Cibc World Mkts upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. ATB Capital decreased their target price on AutoCanada from C$30.00 to C$25.00 in a research report on Monday, November 17th. Canaccord Genuity Group lifted their price target on AutoCanada from C$34.00 to C$36.00 in a research report on Tuesday, November 4th. Finally, CIBC decreased their price objective on AutoCanada from C$38.00 to C$33.00 in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.