AutoCanada (TSE:ACQ) Insider Paul Antony Buys 1,472 Shares of Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 1,472 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was bought at an average price of C$24.82 per share, for a total transaction of C$36,535.04. Following the purchase, the insider owned 1,570,075 shares in the company, valued at approximately C$38,969,261.50. This represents a 0.09% increase in their position.

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

• On Wednesday, October 14th, Paul Antony purchased 2,036 shares of AutoCanada stock. The shares were bought at an average cost of C$24.33 per share, for a total transaction of C$49,535.88.
• On Tuesday, October 13th, Paul Antony purchased 1,836 shares of AutoCanada stock. The shares were bought at an average cost of C$24.56 per share, for a total transaction of C$45,092.16.
• On Friday, October 9th, Paul Antony purchased 2,218 shares of AutoCanada stock. The stock was purchased at an average price of C$24.41 per share, with a total value of C$54,141.38.
• 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, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony purchased 2,818 shares of AutoCanada stock. The stock was purchased at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Up 3.7%

Shares of AutoCanada stock opened at C$27.43 on Wednesday. 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 firm has a market cap of C$630.56 million, a P/E ratio of 21.60, a P/E/G ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a fifty-two week low of C$14.00 and a fifty-two week high of C$30.35. The business has a 50-day moving average price of C$23.14 and a 200 day moving average price of C$22.54.

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

Wall Street Analyst Weigh In

ACQ has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price target on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Royal Bank Of Canada upped 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. Finally, National Bank Financial reduced their price objective 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, October 15th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.