AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Buys 2,400 Shares

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 2,400 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was acquired at an average cost of C$26.12 per share, for a total transaction of C$62,688.00. Following the completion of the purchase, the insider directly owned 1,572,475 shares of the company’s stock, valued at C$41,073,047. The trade was a 0.15% increase in their ownership of the stock.

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

• On Thursday, October 15th, Paul Antony purchased 1,472 shares of AutoCanada stock. The shares were acquired at an average price of C$24.82 per share, for a total transaction of C$36,535.04.
• On Wednesday, October 14th, Paul Antony purchased 2,036 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.33 per share, with a total value of C$49,535.88.
• 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 stock was acquired 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 acquired 1,818 shares of AutoCanada stock. The stock was acquired 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 acquired 2,818 shares of AutoCanada stock. The stock was acquired at an average price of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Trading Up 1.0%

Shares of ACQ traded up C$0.28 during mid-day trading on Wednesday, hitting C$27.71. 18,039 shares of the company’s stock traded hands, compared to its average volume of 54,780. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. AutoCanada Inc. has a 1 year low of C$14.00 and a 1 year high of C$30.35. The firm has a market capitalization of C$637.00 million, a P/E ratio of 21.82, a PEG ratio of 0.30 and a beta of 1.72. The business’s 50-day moving average price is C$23.14 and its 200-day moving average price is C$22.54.

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

Analyst Ratings Changes

ACQ has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Royal Bank Of Canada upped their price objective on shares of 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, National Bank Financial dropped their target price on shares of AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.