AutoCanada Inc. (TSE:ACQ) Insider EdgePoint Investment Group Inc. Acquires 21,200 Shares

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. bought 21,200 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average cost of C$26.64 per share, for a total transaction of C$564,865.52.

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

• On Wednesday, March 13th, EdgePoint Investment Group Inc. bought 3,750 shares of AutoCanada stock. The shares were acquired at an average cost of C$23.92 per share, for a total transaction of C$89,694.38.

AutoCanada Stock Up 1.1 %

ACQ opened at C$26.75 on Thursday. The company has a debt-to-equity ratio of 396.08, a current ratio of 1.04 and a quick ratio of 0.25. The business has a 50 day simple moving average of C$22.54 and a 200-day simple moving average of C$22.50. The stock has a market capitalization of C$631.57 million, a P/E ratio of 12.99, a P/E/G ratio of 0.30 and a beta of 2.60. AutoCanada Inc. has a 12 month low of C$15.14 and a 12 month high of C$27.54.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ACQ shares. CIBC cut their target price on AutoCanada from C$22.50 to C$22.00 and set a “neutral” rating on the stock in a research report on Friday, March 8th. Scotiabank raised their price target on AutoCanada from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. BMO Capital Markets dropped their price target on AutoCanada from C$24.00 to C$23.00 and set a “market perform” rating on the stock in a research note on Friday, March 8th. Cormark set a C$35.00 target price on AutoCanada in a research note on Tuesday, March 19th. Finally, Canaccord Genuity Group lowered their target price on AutoCanada from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$27.65.

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.