AutoCanada (TSE:ACQ) Insider Paul Antony Purchases 5,000 Shares of Company Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony bought 5,000 shares of the firm’s stock in a transaction dated Monday, October 19th. The shares were acquired at an average price of C$27.13 per share, for a total transaction of C$135,650.00. Following the completion of the transaction, the insider owned 1,577,475 shares in the company, valued at C$42,796,896.75. This represents a 0.32% increase in their position.

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

• On Friday, October 16th, Paul Antony bought 2,400 shares of AutoCanada stock. The stock was 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 stock was acquired at an average cost of C$24.82 per share, for a total transaction of C$36,535.04.
• On Wednesday, October 14th, Paul Antony purchased 2,036 shares of AutoCanada stock. The stock was acquired 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 purchased 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 shares were 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 shares were 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 acquired 2,818 shares of AutoCanada stock. The shares were bought at an average cost of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Stock Up 3.7%

TSE ACQ opened at C$28.81 on Friday. AutoCanada Inc. has a 1-year low of C$14.00 and a 1-year high of C$30.35. The company has a market capitalization of C$662.28 million, a price-to-earnings ratio of 22.69, a PEG ratio of 0.30 and a beta of 1.72. The stock’s 50 day moving average is C$23.40 and its two-hundred day moving average is C$22.67. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22.

AutoCanada (TSE:ACQ) last issued its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) for the quarter. The business 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%. Equities analysts forecast that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on ACQ. BMO Capital Markets increased their price objective on AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. Royal Bank Of Canada boosted their target price 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. Finally, National Bank Financial lowered 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 investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, AutoCanada has an average rating of “Hold” and a consensus target price of C$23.14.

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.