AutoCanada (TSE:ACQ) Insider Acquires C$54,141.38 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 2,218 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were bought at an average price of C$24.41 per share, with a total value of C$54,141.38. Following the transaction, the insider owned 1,564,731 shares of the company’s stock, valued at C$38,195,083.71. The trade was a 0.14% increase in their position.

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

• On Thursday, October 8th, Paul Antony bought 1,818 shares of AutoCanada stock. The shares were bought at an average cost 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 stock was bought at an average price of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Price Performance

ACQ stock traded down C$0.33 during mid-day trading on Wednesday, hitting C$24.26. The company had a trading volume of 5,750 shares, compared to its average volume of 55,252. The company has a market capitalization of C$557.69 million, a price-to-earnings ratio of 19.10, a P/E/G ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$30.35. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. The company has a 50-day moving average price of C$22.81 and a 200 day moving average price of C$22.32.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. The firm had revenue of C$1.42 billion during the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. On average, research analysts anticipate that AutoCanada Inc. will post 2.43 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets raised their price target on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Royal Bank Of Canada upped their price objective on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. Finally, National Bank Financial lifted their price objective on shares of AutoCanada from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, AutoCanada has a consensus rating of “Hold” and an average price target of C$23.43.

About AutoCanada

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.