AutoCanada (TSE:ACQ) Insider Paul Antony Purchases 2,200 Shares of Company Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony acquired 2,200 shares of AutoCanada stock in a transaction dated Tuesday, October 27th. The stock was bought at an average price of C$28.90 per share, with a total value of C$63,580.00. Following the completion of the purchase, the insider directly owned 1,594,175 shares in the company, valued at C$46,071,657.50. This represents a 0.14% increase in their ownership of the stock.

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

• On Monday, October 26th, Paul Antony bought 4,000 shares of AutoCanada stock. The stock was bought at an average cost of C$28.92 per share, for a total transaction of C$115,680.00.
• On Thursday, October 22nd, Paul Antony bought 1,500 shares of AutoCanada stock. The shares were bought at an average price of C$27.65 per share, for a total transaction of C$41,475.00.
• On Monday, October 19th, Paul Antony purchased 5,000 shares of AutoCanada stock. The shares were bought at an average cost of C$27.13 per share, with a total value of C$135,650.00.
• On Friday, October 16th, Paul Antony purchased 2,400 shares of AutoCanada stock. The stock was bought at an average price of C$26.12 per share, with a total value of C$62,688.00.
• On Thursday, October 15th, Paul Antony purchased 1,472 shares of AutoCanada stock. The stock was bought at an average price of C$24.82 per share, with a total value 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, for a total transaction of C$49,535.88.
• On Tuesday, October 13th, Paul Antony acquired 1,836 shares of AutoCanada stock. The stock was bought at an average cost of C$24.56 per share, for a total transaction of C$45,092.16.
• On Friday, October 9th, Paul Antony acquired 2,218 shares of AutoCanada stock. The shares were bought 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 shares were bought at an average cost 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 shares were bought at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Performance

AutoCanada stock traded down C$1.37 during midday trading on Friday, hitting C$28.37. The stock had a trading volume of 21,340 shares, compared to its average volume of 54,133. The firm’s fifty day moving average is C$24.00 and its two-hundred day moving average is C$23.35. The company has a market capitalization of C$652.17 million, a PE ratio of 22.34, a P/E/G ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 52-week low of C$14.00 and a 52-week high of C$30.35. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22.

AutoCanada (TSE:ACQ) last released its earnings results on Wednesday, August 12th. The company reported C$0.97 EPS 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 forecast that AutoCanada Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ACQ shares. BMO Capital Markets raised their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Desjardins set a C$27.00 target price on shares of AutoCanada and gave the stock a “hold” rating in a report on Wednesday. Royal Bank Of Canada lifted their price objective on shares of AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 18th. Finally, National Bank Financial reduced their price objective on shares of AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$23.62.

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.