AutoCanada (TSE:ACQ) Insider Purchases C$15,001.65 in Stock

AutoCanada Inc. (TSE:ACQ) insider Samuel Cochrane purchased 795 shares of AutoCanada stock in a transaction dated Monday, March 30th. The shares were acquired at an average cost of C$18.87 per share, for a total transaction of C$15,001.65. Following the completion of the transaction, the insider owned 17,599 shares of the company’s stock, valued at approximately C$332,093.13. This represents a 4.73% increase in their position.

AutoCanada Stock Performance

Shares of ACQ opened at C$20.46 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.25 and a debt-to-equity ratio of 409.72. The firm has a market cap of C$470.93 million, a PE ratio of 31.00, a P/E/G ratio of 0.30 and a beta of 1.76. AutoCanada Inc. has a 12 month low of C$14.00 and a 12 month high of C$35.48. The stock has a fifty day moving average price of C$24.50 and a 200-day moving average price of C$25.20.

AutoCanada (TSE:ACQ) last announced its earnings results on Wednesday, March 18th. The company reported C($0.06) earnings per share for the quarter. AutoCanada had a return on equity of 3.40% and a net margin of 0.33%.The business had revenue of C$1.12 billion for the quarter. Equities research analysts predict that AutoCanada Inc. will post 2.4311927 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ACQ shares. ATB Cormark Capital Markets cut their price objective on shares of AutoCanada from C$25.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Thursday, March 19th. Royal Bank Of Canada lowered their target price on shares of AutoCanada from C$28.00 to C$18.00 in a research note on Thursday, March 19th. Acumen Capital boosted their target price on shares of AutoCanada from C$35.50 to C$39.25 and gave the stock a “speculative buy” rating in a research report on Tuesday, January 27th. BMO Capital Markets cut their price target on shares of AutoCanada from C$36.00 to C$24.00 in a research note on Friday, March 20th. Finally, National Bank Financial cut shares of AutoCanada from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$29.00 to C$24.00 in a report on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$24.18.

About AutoCanada

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.