Insider Buying: AutoCanada (TSE:ACQ) Insider Purchases C$115,680.00 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 4,000 shares of the stock in a transaction on Monday, October 26th. The shares were acquired at an average cost of C$28.92 per share, for a total transaction of C$115,680.00. Following the purchase, the insider owned 1,591,975 shares in the company, valued at approximately C$46,039,917. This represents a 0.25% increase in their ownership of the stock.

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

• On Tuesday, October 27th, Paul Antony bought 2,200 shares of AutoCanada stock. The stock was acquired at an average price of C$28.90 per share, for a total transaction of C$63,580.00.
• On Thursday, October 22nd, Paul Antony purchased 1,500 shares of AutoCanada stock. The stock was bought at an average cost of C$27.65 per share, with a total value of C$41,475.00.
• On Monday, October 19th, Paul Antony purchased 5,000 shares of AutoCanada stock. The stock was bought at an average cost of C$27.13 per share, with a total value of C$135,650.00.
• On Friday, October 16th, Paul Antony purchased 2,400 shares of AutoCanada stock. The shares were bought at an average price of C$26.12 per share, with a total value of C$62,688.00.
• On Thursday, October 15th, Paul Antony purchased 1,472 shares of AutoCanada stock. The shares were bought at an average price of C$24.82 per share, with a total value of C$36,535.04.
• On Wednesday, October 14th, Paul Antony acquired 2,036 shares of AutoCanada stock. The shares were bought at an average cost of C$24.33 per share, for a total transaction of C$49,535.88.
• On Tuesday, October 13th, Paul Antony acquired 1,836 shares of AutoCanada stock. The shares were bought 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 acquired 2,218 shares of AutoCanada stock. The stock was bought 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 acquired 1,818 shares of AutoCanada stock. The stock was bought at an average price 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 stock was bought at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Trading Down 1.3%

Shares of TSE:ACQ opened at C$28.76 on Wednesday. The firm has a fifty day moving average of C$24.28 and a two-hundred day moving average of C$23.39. The firm has a market capitalization of C$661.13 million, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$30.35. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22.

AutoCanada (TSE:ACQ) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. The business had revenue of C$1.42 billion for the quarter. On average, equities analysts expect that AutoCanada Inc. will post 2.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ACQ shares. National Bank Financial lowered their target price on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Desjardins set a C$27.00 price target on AutoCanada and gave the stock a “hold” rating in a research note on Wednesday, October 28th. BMO Capital Markets lifted their price target on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Finally, Royal Bank Of Canada lifted their price target 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. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$23.62.

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.