AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Buys 2,218 Shares

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 2,218 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was bought at an average price of C$24.41 per share, with a total value of C$54,141.38. Following the acquisition, the insider directly owned 1,564,731 shares in the company, valued at approximately C$38,195,083.71. This represents a 0.14% increase in their ownership of the stock.

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

• On Thursday, October 8th, Paul Antony purchased 1,818 shares of AutoCanada stock. The stock was purchased at an average price of C$24.15 per share, for a total transaction of C$43,904.70.
• On Wednesday, October 7th, Paul Antony bought 2,818 shares of AutoCanada stock. The stock was purchased at an average cost of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Trading Up 4.4%

Shares of ACQ opened at C$25.17 on Friday. 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 firm has a 50 day simple moving average of C$22.87 and a 200-day simple moving average of C$22.40. AutoCanada Inc. has a 1-year low of C$14.00 and a 1-year high of C$30.35. The stock has a market cap of C$578.61 million, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. National Bank Financial cut their price objective on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Thursday. Royal Bank Of Canada boosted their target price 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, BMO Capital Markets boosted their target price on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$23.14.

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.