AutoCanada (TSE:ACQ) Insider Buys C$23,424.00 in Stock

AutoCanada Inc. (TSE:ACQ) insider James Mikel Pestrak bought 1,200 shares of the business’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of C$19.52 per share, with a total value of C$23,424.00. Following the transaction, the insider owned 9,800 shares in the company, valued at C$191,296. This trade represents a 13.95% increase in their position.

AutoCanada Stock Performance

Shares of TSE ACQ traded down C$0.10 during midday trading on Friday, hitting C$21.42. 30,696 shares of the stock traded hands, compared to its average volume of 39,386. The firm has a 50-day moving average of C$24.10 and a two-hundred day moving average of C$26.51. The firm has a market capitalization of C$494.78 million, a P/E ratio of -53.55, a PEG ratio of 0.30 and a beta of 2.09. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada Inc. has a one year low of C$14.03 and a one year high of C$35.48.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. The company had revenue of C$1.20 billion during the quarter. AutoCanada had a negative return on equity of 9.79% and a negative net margin of 0.82%. On average, equities analysts forecast that AutoCanada Inc. will post 2.4311927 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ACQ shares. Canaccord Genuity Group boosted their price target on AutoCanada from C$34.00 to C$36.00 in a research note on Tuesday, November 4th. Cibc World Mkts raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. CIBC reduced their target price on shares of AutoCanada from C$38.00 to C$33.00 in a report on Monday, November 17th. Royal Bank Of Canada dropped their price target on shares of AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating on the stock in a research note on Friday, August 15th. Finally, ATB Capital reduced their price objective on AutoCanada from C$30.00 to C$25.00 in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, AutoCanada presently has an average rating of “Moderate Buy” and a consensus price target of C$33.14.

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.