Insider Buying: AutoCanada (TSE:ACQ) Insider Purchases C$63,580.00 in Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony purchased 2,200 shares of the stock in a transaction dated Tuesday, October 27th. The stock was acquired at an average cost of C$28.90 per share, for a total transaction of C$63,580.00. Following the completion of the transaction, the insider owned 1,594,175 shares of the company’s stock, valued at C$46,071,657.50. The trade was a 0.14% increase in their position.

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

• On Monday, October 26th, Paul Antony acquired 4,000 shares of AutoCanada stock. The shares were acquired at an average cost of C$28.92 per share, with a total value of C$115,680.00.
• On Thursday, October 22nd, Paul Antony bought 1,500 shares of AutoCanada stock. The shares were acquired at an average price of C$27.65 per share, with a total value of C$41,475.00.
• On Monday, October 19th, Paul Antony bought 5,000 shares of AutoCanada stock. The shares were acquired at an average price of C$27.13 per share, with a total value of C$135,650.00.
• 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, for a total transaction 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, 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 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 stock was acquired at an average cost of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Down 1.3%

ACQ opened at C$28.76 on Wednesday. The business has a 50 day moving average of C$24.28 and a 200-day moving average of C$23.39. The stock has a market capitalization of C$661.13 million, a price-to-earnings ratio of 22.65, a P/E/G ratio of 0.30 and a beta of 1.72. 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 Inc. has a 1-year low of C$14.00 and a 1-year high of C$30.35.

AutoCanada (TSE:ACQ) last announced 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 for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. As a group, sell-side analysts anticipate that AutoCanada Inc. will post 2.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ACQ shares. Royal Bank Of Canada raised their price target on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 18th. Desjardins set a C$27.00 price objective on shares of AutoCanada and gave the company a “hold” rating in a research report on Wednesday, October 28th. BMO Capital Markets upped their price objective on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Finally, National Bank Financial reduced their target price on shares of AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, AutoCanada currently has an average rating of “Hold” and a consensus price target of C$23.62.

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.