AutoCanada (TSE:ACQ) Insider Buys C$49,535.88 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 2,036 shares of AutoCanada stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average price of C$24.33 per share, with a total value of C$49,535.88. Following the completion of the purchase, the insider directly owned 1,568,603 shares in the company, valued at C$38,164,110.99. This trade represents a 0.13% increase in their position.

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

• On Friday, October 16th, Paul Antony acquired 2,400 shares of AutoCanada stock. The stock was bought at an average price of C$26.12 per share, for a total transaction of C$62,688.00.
• On Thursday, October 15th, Paul Antony purchased 1,472 shares of AutoCanada stock. The stock was bought at an average price of C$24.82 per share, for a total transaction of C$36,535.04.
• On Tuesday, October 13th, Paul Antony bought 1,836 shares of AutoCanada stock. The shares were purchased at an average price of C$24.56 per share, for a total transaction of C$45,092.16.
• On Friday, October 9th, Paul Antony acquired 2,218 shares of AutoCanada stock. The shares were purchased at an average price of C$24.41 per share, for a total transaction of C$54,141.38.
• On Thursday, October 8th, Paul Antony purchased 1,818 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.15 per share, for a total transaction of C$43,904.70.
• On Wednesday, October 7th, Paul Antony bought 2,818 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Trading Up 0.8%

Shares of ACQ stock opened at C$27.66 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. The stock has a market cap of C$635.85 million, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. The stock has a 50 day simple moving average of C$23.24 and a 200 day simple moving average of C$22.58. 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 for the quarter. The firm had revenue of C$1.42 billion during the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. On average, research analysts predict that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACQ has been the subject of several recent analyst reports. Royal Bank Of Canada upped 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 price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. Finally, National Bank Financial decreased their target price on shares of AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AutoCanada has an average rating of “Hold” and a consensus price target of C$23.14.

AutoCanada Company Profile

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.