AutoCanada Inc. (TSE:ACQ) Director Purchases C$19,250.00 in Stock

AutoCanada Inc. (TSE:ACQ) Director Christopher Harris purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average cost of C$19.25 per share, for a total transaction of C$19,250.00.

Christopher Harris also recently made the following trade(s):

• On Monday, June 17th, Christopher Harris acquired 1,000 shares of AutoCanada stock. The shares were bought at an average price of C$19.80 per share, with a total value of C$19,800.00.
• On Wednesday, May 29th, Christopher Harris purchased 1,000 shares of AutoCanada stock. The stock was bought at an average cost of C$19.85 per share, with a total value of C$19,850.00.

AutoCanada Price Performance

TSE ACQ opened at C$19.57 on Friday. The stock has a market capitalization of C$459.31 million, a price-to-earnings ratio of 11.93, a PEG ratio of 0.30 and a beta of 2.65. AutoCanada Inc. has a 1-year low of C$17.76 and a 1-year high of C$27.54. The company has a debt-to-equity ratio of 408.35, a current ratio of 1.05 and a quick ratio of 0.25. The business’s fifty day moving average price is C$21.17 and its 200-day moving average price is C$22.20.

AutoCanada (TSE:ACQ) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.19). The firm had revenue of C$1.42 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. AutoCanada had a net margin of 0.64% and a return on equity of 8.15%. On average, equities analysts predict that AutoCanada Inc. will post 1.7074165 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. ATB Capital downgraded shares of AutoCanada from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$62.00 to C$25.00 in a research report on Friday, May 3rd. CIBC cut shares of AutoCanada from a “neutral” rating to an “underperform” rating and cut their price target for the company from C$25.00 to C$18.00 in a report on Friday, May 3rd. Acumen Capital lowered shares of AutoCanada from a “speculative buy” rating to a “hold” rating and decreased their price objective for the stock from C$24.50 to C$21.50 in a report on Friday, May 3rd. National Bankshares lowered their price objective on AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. Finally, Canaccord Genuity Group reduced their target price on AutoCanada from C$20.00 to C$18.00 and set a “hold” rating for the company in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$23.00.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.