AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Acquires 1,818 Shares

AutoCanada Inc. (TSE:ACQ) insider Paul Antony acquired 1,818 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average cost of C$24.15 per share, for a total transaction of C$43,904.70. Following the acquisition, the insider owned 1,562,513 shares of the company’s stock, valued at C$37,734,688.95. This represents a 0.12% increase in their position.

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

• On Friday, October 9th, Paul Antony bought 2,218 shares of AutoCanada stock. The shares were bought at an average price of C$24.41 per share, for a total transaction of C$54,141.38.
• On Wednesday, October 7th, Paul Antony bought 2,818 shares of AutoCanada stock. The stock was bought at an average cost of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Trading Down 2.0%

Shares of AutoCanada stock opened at C$24.11 on Thursday. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$30.35. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. The stock has a market cap of C$554.24 million, a PE ratio of 18.98, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. The company has a 50-day moving average of C$22.84 and a two-hundred day moving average of C$22.35.

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

Wall Street Analysts Forecast Growth

ACQ has been the subject of several research analyst reports. 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. Royal Bank Of Canada lifted their price objective on AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. Finally, National Bank Financial boosted their target price on AutoCanada from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, AutoCanada currently has an average rating of “Hold” and an average target price of C$23.43.

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.