AutoCanada (TSE:ACQ) Insider Purchases C$36,535.04 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 1,472 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were acquired at an average cost of C$24.82 per share, for a total transaction of C$36,535.04. Following the transaction, the insider directly owned 1,570,075 shares in the company, valued at approximately C$38,969,261.50. This represents a 0.09% increase in their position.

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

• On Friday, October 16th, Paul Antony bought 2,400 shares of AutoCanada stock. The shares were acquired at an average price of C$26.12 per share, with a total value of C$62,688.00.
• On Wednesday, October 14th, Paul Antony purchased 2,036 shares of AutoCanada stock. The stock was acquired 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 purchased 1,836 shares of AutoCanada stock. The stock was acquired at an average cost 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 stock was bought 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 bought 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 shares were bought at an average cost of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Stock Up 0.4%

ACQ stock opened at C$27.78 on Friday. The stock has a market cap of C$638.61 million, a P/E ratio of 21.87, a PEG ratio of 0.30 and a beta of 1.72. 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 Inc. has a twelve month low of C$14.00 and a twelve month high of C$30.35. The company’s 50 day moving average is C$23.31 and its two-hundred day moving average is C$22.63.

AutoCanada (TSE:ACQ) last issued its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) for the quarter. The business 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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