AutoCanada (TSE:ACQ) Insider Buys C$45,092.16 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 1,836 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was bought at an average price of C$24.56 per share, with a total value of C$45,092.16. Following the transaction, the insider directly owned 1,566,567 shares in the company, valued at C$38,474,885.52. This trade represents a 0.12% increase in their ownership of the stock.

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

• On Thursday, October 15th, Paul Antony acquired 1,472 shares of AutoCanada stock. The shares were bought 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 acquired 2,036 shares of AutoCanada stock. The shares were bought at an average price of C$24.33 per share, for a total transaction of C$49,535.88.
• On Friday, October 9th, Paul Antony acquired 2,218 shares of AutoCanada stock. The shares were purchased at an average cost 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 purchased 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 purchased at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Performance

Shares of ACQ opened at C$27.43 on Wednesday. The company has a 50-day moving average of C$23.14 and a two-hundred day moving average of C$22.54. The stock has a market cap of C$630.56 million, a price-to-earnings ratio of 21.60, a PEG ratio of 0.30 and a beta of 1.72. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. AutoCanada Inc. has a one year low of C$14.00 and a one year high of C$30.35.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) 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%. On average, equities research analysts expect that AutoCanada Inc. will post 2.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACQ has been the topic of several research analyst reports. Royal Bank Of Canada lifted 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 research report on Tuesday, August 18th. BMO Capital Markets increased their target price on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Finally, National Bank Financial decreased their target price on 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, AutoCanada has a consensus rating of “Hold” and an average target price 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.