Insider Buying: AutoCanada (TSE:ACQ) Insider Purchases C$67,829.26 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 2,818 shares of AutoCanada stock in a transaction dated Wednesday, October 7th. The shares were bought at an average price of C$24.07 per share, for a total transaction of C$67,829.26. Following the acquisition, the insider owned 1,560,695 shares in the company, valued at approximately C$37,565,928.65. This trade represents a 0.18% increase in their ownership of the stock.

AutoCanada Stock Performance

Shares of ACQ stock remained flat at C$24.60 on Monday. 36,504 shares of the stock traded hands, compared to its average volume of 55,725. The company’s fifty day moving average price is C$22.75 and its 200-day moving average price is C$22.25. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. The company has a market capitalization of C$565.50 million, a PE ratio of 19.37, a PEG ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 1 year low of C$14.00 and a 1 year high of C$30.35.

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. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. The firm had revenue of C$1.42 billion during the quarter. On average, equities research analysts anticipate that AutoCanada Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank Of Canada upped their price objective on AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a report on Tuesday, August 18th. BMO Capital Markets increased their price objective on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Finally, National Bank Financial raised their target price on AutoCanada from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$23.43.

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.