AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Buys 2,036 Shares

AutoCanada Inc. (TSE:ACQ) insider Paul Antony acquired 2,036 shares of the stock in a transaction on Wednesday, October 14th. The stock was bought at an average price of C$24.33 per share, for a total transaction of C$49,535.88. Following the transaction, the insider owned 1,568,603 shares in the company, valued at approximately C$38,164,110.99. This represents a 0.13% increase in their position.

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 purchased at an average cost of C$24.82 per share, with a total value of C$36,535.04.
• On Tuesday, October 13th, Paul Antony bought 1,836 shares of AutoCanada stock. The shares were purchased 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 bought 2,218 shares of AutoCanada stock. The stock was purchased at an average price 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, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony purchased 2,818 shares of AutoCanada stock. The shares were purchased at an average cost of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Stock Performance

Shares of TSE ACQ opened at C$27.43 on Wednesday. The company has a market capitalization of C$630.56 million, a PE ratio of 21.60, a price-to-earnings-growth 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. The company’s fifty day moving average price is C$23.14 and its 200 day moving average price is C$22.54. AutoCanada Inc. has a 1 year low of C$14.00 and a 1 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. 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 during the quarter. On average, research analysts predict that AutoCanada Inc. will post 2.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ACQ shares. 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 research note on Thursday, October 15th. Royal Bank Of Canada increased their price target on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report 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 equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, AutoCanada currently has a consensus rating of “Hold” and an average target price 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.