Insider Buying: AutoCanada (TSE:ACQ) Insider Purchases C$49,535.88 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 2,036 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was acquired at an average price of C$24.33 per share, with a total value of C$49,535.88. Following the completion of the transaction, the insider owned 1,568,603 shares in the company, valued at approximately C$38,164,110.99. This trade represents a 0.13% increase in their position.

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

• On Tuesday, October 13th, Paul Antony purchased 1,836 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.56 per share, with a total value of C$45,092.16.
• On Friday, October 9th, Paul Antony acquired 2,218 shares of AutoCanada stock. The shares were purchased at an average cost of C$24.41 per share, for a total transaction of C$54,141.38.
• On Thursday, October 8th, Paul Antony bought 1,818 shares of AutoCanada stock. The stock was purchased at an average price of C$24.15 per share, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony purchased 2,818 shares of AutoCanada stock. The shares were purchased at an average cost of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Stock Up 1.6%

AutoCanada stock traded up C$0.41 during midday trading on Monday, hitting C$26.86. 30,801 shares of the stock were exchanged, compared to its average volume of 55,009. AutoCanada Inc. has a 52-week low of C$14.00 and a 52-week high of C$30.35. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. The business’s 50-day moving average price is C$22.94 and its 200-day moving average price is C$22.45. The stock has a market capitalization of C$617.46 million, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. The firm had revenue of C$1.42 billion during the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. On average, research analysts expect that AutoCanada Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ACQ shares. Royal Bank Of Canada increased their price target on AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 18th. BMO Capital Markets raised their target price on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Finally, National Bank Financial lowered their target price on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, AutoCanada presently has an average rating of “Hold” and a consensus target price of C$23.14.

About AutoCanada

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.