AutoCanada (TSE:ACQ) Insider Buys C$67,829.26 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 2,818 shares of the stock in a transaction on Wednesday, October 7th. The stock was acquired at an average cost of C$24.07 per share, with a total value of C$67,829.26. Following the completion of the purchase, the insider directly owned 1,560,695 shares of the company’s stock, valued at C$37,565,928.65. The trade was a 0.18% increase in their ownership of the stock.

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

• On Friday, October 9th, Paul Antony purchased 2,218 shares of AutoCanada stock. The shares were 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 shares were bought at an average cost of C$24.15 per share, for a total transaction of C$43,904.70.

AutoCanada Stock Down 2.0%

ACQ opened at C$24.11 on Thursday. The company has a market cap of C$554.24 million, a P/E ratio of 18.98, a P/E/G ratio of 0.30 and a beta of 1.72. The business’s 50-day moving average price is C$22.84 and its 200-day moving average price is C$22.35. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. AutoCanada Inc. has a 12 month low of C$14.00 and a 12 month high of C$30.35.

AutoCanada (TSE:ACQ) last issued its 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. On average, equities analysts expect that AutoCanada Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada increased their price objective on AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 18th. BMO Capital Markets lifted their target price on shares of AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. Finally, National Bank Financial upped their price target on shares of AutoCanada from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$23.43.

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.