AutoCanada (TSE:ACQ) Insider Paul Antony Acquires 1,500 Shares of Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 1,500 shares of AutoCanada stock in a transaction dated Thursday, October 22nd. The stock was acquired at an average cost of C$27.65 per share, with a total value of C$41,475.00. Following the completion of the acquisition, the insider directly owned 1,584,375 shares in the company, valued at approximately C$43,807,968.75. This trade represents a 0.09% increase in their ownership of the stock.

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

• On Monday, October 19th, Paul Antony purchased 5,000 shares of AutoCanada stock. The stock was acquired at an average price of C$27.13 per share, for a total transaction of C$135,650.00.
• On Friday, October 16th, Paul Antony purchased 2,400 shares of AutoCanada stock. The stock was acquired at an average price of C$26.12 per share, for a total transaction of C$62,688.00.
• On Thursday, October 15th, Paul Antony acquired 1,472 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.82 per share, for a total transaction of C$36,535.04.
• On Wednesday, October 14th, Paul Antony acquired 2,036 shares of AutoCanada stock. The shares were acquired 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 acquired 1,836 shares of AutoCanada stock. The stock was acquired at an average price 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 bought 1,818 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.15 per share, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony bought 2,818 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Price Performance

AutoCanada stock opened at C$28.78 on Wednesday. The company has a market cap of C$661.59 million, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a one year low of C$14.00 and a one year high of C$30.35. The business has a fifty day moving average of C$23.64 and a two-hundred day moving average of C$23.29. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05.

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

Analysts Set New Price Targets

Several brokerages have weighed in on ACQ. Royal Bank Of Canada upped their target price on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. BMO Capital Markets increased their target price on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Finally, National Bank Financial reduced their price target 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 research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, 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.