AutoCanada Inc. (TSE:ACQ) Insider Purchases C$33,362.00 in Stock

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. bought 1,400 shares of AutoCanada stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of C$23.83 per share, with a total value of C$33,362.00.

EdgePoint Investment Group Inc. also recently made the following trade(s):

• On Friday, April 12th, EdgePoint Investment Group Inc. bought 4,700 shares of AutoCanada stock. The stock was acquired at an average cost of C$23.75 per share, with a total value of C$111,604.79.
• On Tuesday, March 19th, EdgePoint Investment Group Inc. bought 21,200 shares of AutoCanada stock. The stock was acquired at an average cost of C$26.64 per share, with a total value of C$564,865.52.
• On Wednesday, March 13th, EdgePoint Investment Group Inc. purchased 3,750 shares of AutoCanada stock. The shares were purchased at an average cost of C$23.92 per share, with a total value of C$89,694.38.

AutoCanada Trading Down 0.7 %

Shares of ACQ opened at C$24.28 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 396.08. The firm’s 50-day moving average is C$23.65 and its two-hundred day moving average is C$22.52. AutoCanada Inc. has a twelve month low of C$15.14 and a twelve month high of C$27.54. The firm has a market capitalization of C$573.25 million, a P/E ratio of 11.79, a PEG ratio of 0.30 and a beta of 2.60.

AutoCanada (TSE:ACQ) last issued its earnings results on Thursday, March 7th. The company reported C$0.69 earnings per share for the quarter, topping the consensus estimate of C$0.56 by C$0.13. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. The company had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.43 billion. On average, research analysts predict that AutoCanada Inc. will post 3.0424469 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Scotiabank increased their price target on shares of AutoCanada from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Cormark set a C$35.00 price target on shares of AutoCanada in a report on Tuesday, March 19th. CIBC increased their price target on shares of AutoCanada from C$22.00 to C$25.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. Acumen Capital cut their price target on shares of AutoCanada from C$33.00 to C$24.50 and set a “speculative buy” rating for the company in a report on Friday, March 8th. Finally, National Bankshares cut their price target on shares of AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating for the company in a report on Friday, March 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, AutoCanada presently has an average rating of “Hold” and an average target price of C$27.95.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.