AutoCanada (TSE:ACQ) Insider Samuel Cochrane Buys 795 Shares

AutoCanada Inc. (TSE:ACQ) insider Samuel Cochrane purchased 795 shares of AutoCanada stock in a transaction that occurred on Monday, March 30th. The shares were bought at an average price of C$18.87 per share, with a total value of C$15,001.65. Following the transaction, the insider owned 17,599 shares in the company, valued at approximately C$332,093.13. The trade was a 4.73% increase in their ownership of the stock.

AutoCanada Price Performance

AutoCanada stock traded down C$0.03 during midday trading on Monday, reaching C$19.00. The company had a trading volume of 16,392 shares, compared to its average volume of 79,552. The company has a debt-to-equity ratio of 409.72, a current ratio of 1.07 and a quick ratio of 0.25. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$35.48. The company has a market capitalization of C$437.32 million, a P/E ratio of 28.79, a P/E/G ratio of 0.30 and a beta of 1.76. The firm’s fifty day simple moving average is C$24.87 and its 200-day simple moving average is C$25.44.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Wednesday, March 18th. The company reported C($0.06) EPS for the quarter. The firm had revenue of C$1.12 billion for the quarter. AutoCanada had a return on equity of 3.40% and a net margin of 0.33%. As a group, equities analysts anticipate that AutoCanada Inc. will post 2.4311927 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Acumen Capital raised their price objective on AutoCanada from C$35.50 to C$39.25 and gave the company a “speculative buy” rating in a report on Tuesday, January 27th. Canaccord Genuity Group lowered shares of AutoCanada from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$42.00 to C$22.00 in a report on Thursday, March 19th. Royal Bank Of Canada decreased their price target on shares of AutoCanada from C$28.00 to C$18.00 in a research note on Thursday, March 19th. Canadian Imperial Bank of Commerce lowered shares of AutoCanada from an “outperform” rating to a “hold” rating and lowered their price target for the stock from C$34.00 to C$20.00 in a research report on Friday, March 20th. Finally, BMO Capital Markets dropped their price objective on shares of AutoCanada from C$36.00 to C$24.00 in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, AutoCanada currently has a consensus rating of “Hold” and a consensus price target of C$24.18.

AutoCanada Company Profile

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. The majority of revenue is generated in the new-vehicles sales segment.