AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Buys 1,472 Shares

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 1,472 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was bought at an average price of C$24.82 per share, for a total transaction of C$36,535.04. Following the transaction, the insider directly owned 1,570,075 shares of the company’s stock, valued at C$38,969,261.50. This trade represents a 0.09% increase in their position.

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

• On Friday, October 16th, Paul Antony purchased 2,400 shares of AutoCanada stock. The stock was bought at an average cost of C$26.12 per share, with a total value of C$62,688.00.
• On Wednesday, October 14th, Paul Antony acquired 2,036 shares of AutoCanada stock. The shares were purchased at an average cost of C$24.33 per share, with a total value of C$49,535.88.
• On Tuesday, October 13th, Paul Antony acquired 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 purchased 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 acquired 1,818 shares of AutoCanada stock. The shares were purchased at an average price of C$24.15 per share, with a total value 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 price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Up 0.8%

TSE ACQ opened at C$27.66 on Thursday. The business has a fifty day moving average price of C$23.24 and a two-hundred day moving average price of C$22.58. 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 fifty-two week low of C$14.00 and a fifty-two week high of C$30.35. The stock has a market capitalization of C$635.85 million, a PE ratio of 21.78, a PEG ratio of 0.30 and a beta of 1.72.

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

Analyst Ratings Changes

Several research firms recently weighed in on ACQ. BMO Capital Markets raised their price objective on AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. National Bank Financial decreased 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 report on Thursday, October 15th. Finally, Royal Bank Of Canada lifted their target price on AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.