AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Buys 2,400 Shares

AutoCanada Inc. (TSE:ACQ) insider Paul Antony acquired 2,400 shares of the stock in a transaction dated Friday, October 16th. The stock was acquired at an average price of C$26.12 per share, for a total transaction of C$62,688.00. Following the completion of the transaction, the insider directly owned 1,572,475 shares of the company’s stock, valued at approximately C$41,073,047. This represents a 0.15% increase in their ownership of the stock.

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

• On Thursday, October 15th, Paul Antony acquired 1,472 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.82 per share, with a total value of C$36,535.04.
• On Wednesday, October 14th, Paul Antony bought 2,036 shares of AutoCanada stock. The shares were acquired at an average price of C$24.33 per share, with a total value of C$49,535.88.
• On Tuesday, October 13th, Paul Antony bought 1,836 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.56 per share, for a total transaction of C$45,092.16.
• On Friday, October 9th, Paul Antony purchased 2,218 shares of AutoCanada stock. The stock was acquired at an average cost 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 stock was 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 purchased 2,818 shares of AutoCanada stock. The stock was acquired at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Trading Up 0.4%

Shares of ACQ opened at C$27.78 on Friday. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. AutoCanada Inc. has a 1 year low of C$14.00 and a 1 year high of C$30.35. The company has a 50 day simple moving average of C$23.31 and a two-hundred day simple moving average of C$22.63. The firm has a market cap of C$638.61 million, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72.

AutoCanada (TSE:ACQ) last released 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 for the quarter. On average, equities analysts expect that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACQ has been the topic of a number of research reports. BMO Capital Markets lifted their price target on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Royal Bank Of Canada boosted their price target on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 18th. Finally, National Bank Financial dropped their price objective on shares of AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, AutoCanada presently has an average rating of “Hold” and an average target price 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.