Insider Buying: AutoCanada (TSE:ACQ) Insider Buys C$54,141.38 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 2,218 shares of the business’s stock in a transaction on Friday, October 9th. The shares were purchased at an average cost of C$24.41 per share, for a total transaction of C$54,141.38. Following the transaction, the insider directly owned 1,564,731 shares of the company’s stock, valued at approximately C$38,195,083.71. The trade was a 0.14% increase in their position.

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

• On Thursday, October 8th, Paul Antony purchased 1,818 shares of AutoCanada stock. The shares were 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 purchased 2,818 shares of AutoCanada stock. The shares were acquired at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Trading Up 5.1%

Shares of ACQ stock traded up C$1.28 during mid-day trading on Friday, hitting C$26.45. The company’s stock had a trading volume of 54,723 shares, compared to its average volume of 55,133. The company’s fifty day simple moving average is C$22.94 and its 200-day simple moving average is C$22.42. AutoCanada Inc. has a 52 week low of C$14.00 and a 52 week high of C$30.35. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05. The company has a market cap of C$608.03 million, a PE ratio of 20.83, a P/E/G ratio of 0.30 and a beta of 1.72.

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. The company had revenue of C$1.42 billion for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. As a group, equities research analysts expect that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ACQ shares. Royal Bank Of Canada raised their price target 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. National Bank Financial dropped their price objective on shares of AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, BMO Capital Markets increased their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, AutoCanada presently has a consensus rating of “Hold” and an average price target 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.