AutoCanada (TSE:ACQ) Insider Paul Antony Acquires 1,818 Shares of Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 1,818 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average price of C$24.15 per share, with a total value of C$43,904.70. Following the completion of the acquisition, the insider directly owned 1,562,513 shares in the company, valued at C$37,734,688.95. This trade represents a 0.12% increase in their ownership of the stock.

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

• On Wednesday, October 7th, Paul Antony purchased 2,818 shares of AutoCanada stock. The shares were bought at an average price of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Price Performance

Shares of AutoCanada stock opened at C$24.59 on Wednesday. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. The business’s 50 day simple moving average is C$22.81 and its two-hundred day simple moving average is C$22.32. The stock has a market capitalization of C$565.27 million, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a one year low of C$14.00 and a one year high of C$30.35.

AutoCanada (TSE:ACQ) last announced 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%. Analysts forecast that AutoCanada Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

ACQ has been the subject of a number of recent analyst reports. National Bank Financial upped their price target on shares of AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. BMO Capital Markets increased their price target on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Finally, Royal Bank Of Canada raised their price target on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, AutoCanada currently has an average rating of “Hold” and a consensus price target of C$23.43.

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.