James Mikel Pestrak Buys 1,200 Shares of AutoCanada (TSE:ACQ) Stock

AutoCanada Inc. (TSE:ACQ) insider James Mikel Pestrak purchased 1,200 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average price of C$19.52 per share, with a total value of C$23,424.00. Following the completion of the acquisition, the insider directly owned 9,800 shares in the company, valued at C$191,296. The trade was a 13.95% increase in their ownership of the stock.

AutoCanada Price Performance

ACQ stock opened at C$21.42 on Monday. The firm’s 50-day moving average price is C$24.10 and its two-hundred day moving average price is C$26.57. AutoCanada Inc. has a 12-month low of C$14.03 and a 12-month high of C$35.48. The stock has a market capitalization of C$494.78 million, a price-to-earnings ratio of -53.55, a PEG ratio of 0.30 and a beta of 2.09. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54.

AutoCanada (TSE:ACQ) last posted its earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. The company had revenue of C$1.20 billion during the quarter. As a group, equities analysts predict that AutoCanada Inc. will post 2.4311927 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ACQ shares. Cibc World Mkts upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Canaccord Genuity Group upped their target price on AutoCanada from C$34.00 to C$36.00 in a report on Tuesday, November 4th. ATB Capital cut their price target on shares of AutoCanada from C$30.00 to C$25.00 in a report on Monday, November 17th. Finally, CIBC reduced their price objective on shares of AutoCanada from C$38.00 to C$33.00 in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, AutoCanada presently has an average rating of “Moderate Buy” and an average target price of C$33.14.

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.