Fady Bouras Acquires 699 Shares of AutoCanada (TSE:ACQ) Stock

AutoCanada Inc. (TSE:ACQ) insider Fady Bouras purchased 699 shares of AutoCanada stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$21.18 per share, for a total transaction of C$14,804.82. Following the acquisition, the insider owned 1,208 shares in the company, valued at approximately C$25,585.44. This trade represents a 137.33% increase in their ownership of the stock.

Fady Bouras also recently made the following trade(s):

• On Friday, May 15th, Fady Bouras purchased 509 shares of AutoCanada stock. The shares were bought at an average price of C$21.31 per share, for a total transaction of C$10,846.79.

AutoCanada Trading Up 1.5%

Shares of TSE ACQ traded up C$0.32 during trading on Wednesday, hitting C$21.06. 14,406 shares of the company were exchanged, compared to its average volume of 66,811. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$35.48. The company has a debt-to-equity ratio of 448.50, a quick ratio of 0.25 and a current ratio of 1.07. The company has a fifty day moving average price of C$21.02 and a 200-day moving average price of C$23.22. The firm has a market capitalization of C$485.03 million, a PE ratio of 20.25, a P/E/G ratio of 0.30 and a beta of 1.85.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.21 EPS for the quarter. AutoCanada had a return on equity of 5.29% and a net margin of 0.51%.The business had revenue of C$1.19 billion for the quarter. As a group, equities research analysts expect that AutoCanada Inc. will post 2.4311927 EPS for the current year.

Wall Street Analysts Forecast Growth

ACQ has been the topic of several analyst reports. Canadian Imperial Bank of Commerce lowered AutoCanada from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$34.00 to C$20.00 in a report on Friday, March 20th. Canaccord Genuity Group lowered AutoCanada from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$42.00 to C$22.00 in a report on Thursday, March 19th. National Bank Financial reduced their price target on AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. BMO Capital Markets reduced their price objective on shares of AutoCanada from C$36.00 to C$24.00 in a report on Friday, March 20th. Finally, Acumen Capital boosted their price objective on shares of AutoCanada from C$25.00 to C$27.00 and gave the company a “speculative buy” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, AutoCanada presently has a consensus rating of “Hold” and an average target price of C$22.00.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.