AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Purchases 1,500 Shares

AutoCanada Inc. (TSE:ACQ) insider Paul Antony acquired 1,500 shares of the stock in a transaction that occurred on Thursday, October 22nd. The stock was purchased at an average price of C$27.65 per share, with a total value of C$41,475.00. Following the transaction, the insider owned 1,584,375 shares in the company, valued at C$43,807,968.75. This represents a 0.09% increase in their ownership of the stock.

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

• On Monday, October 19th, Paul Antony acquired 5,000 shares of AutoCanada stock. The shares were acquired at an average cost of C$27.13 per share, for a total transaction of C$135,650.00.
• On Friday, October 16th, Paul Antony acquired 2,400 shares of AutoCanada stock. The shares were acquired at an average cost of C$26.12 per share, for a total transaction of C$62,688.00.
• On Thursday, October 15th, Paul Antony bought 1,472 shares of AutoCanada stock. The shares were acquired at an average price of C$24.82 per share, for a total transaction 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, for a total transaction of C$49,535.88.
• On Tuesday, October 13th, Paul Antony bought 1,836 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.56 per share, with a total value 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 price of C$24.41 per share, with a total value 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 price of C$24.15 per share, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony purchased 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 Down 2.5%

TSE ACQ opened at C$28.07 on Thursday. The firm has a market cap of C$645.27 million, a P/E ratio of 22.10, a P/E/G ratio of 0.30 and a beta of 1.72. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. The stock’s 50-day moving average is C$23.74 and its 200-day moving average is C$23.30. AutoCanada Inc. has a one year low of C$14.00 and a one year high of C$30.35.

AutoCanada (TSE:ACQ) last released its quarterly earnings data 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 business had revenue of C$1.42 billion for the quarter. Sell-side analysts anticipate that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ACQ shares. Royal Bank Of Canada lifted their price target on shares of AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 18th. BMO Capital Markets upped their price target on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. National Bank Financial lowered 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 research report on Thursday, October 15th. Finally, Desjardins set a C$27.00 price objective on shares of AutoCanada and gave the stock a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.