Insider Buying: AutoCanada (TSE:ACQ) Insider Buys C$115,680.00 in Stock

AutoCanada Inc. (TSE:ACQ – Get Free Report) insider Paul Antony bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was bought at an average cost of C$28.92 per share, for a total transaction of C$115,680.00. Following the completion of the transaction, the insider directly owned 1,591,975 shares in the company, valued at approximately C$46,039,917. The trade was a 0.25% increase in their ownership of the stock.

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

  • On Tuesday, October 27th, Paul Antony purchased 2,200 shares of AutoCanada stock. The shares were purchased at an average price of C$28.90 per share, for a total transaction of C$63,580.00.
  • On Thursday, October 22nd, Paul Antony acquired 1,500 shares of AutoCanada stock. The stock was purchased 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, for a total transaction 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 purchased 1,472 shares of AutoCanada stock. The stock was acquired at an average price of C$24.82 per share, with a total value of C$36,535.04.
  • On Wednesday, October 14th, Paul Antony acquired 2,036 shares of AutoCanada stock. The shares were 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 acquired 1,836 shares of AutoCanada stock. The stock was acquired 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 acquired 2,218 shares of AutoCanada stock. The stock was acquired 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 bought 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, with a total value of C$67,829.26.

AutoCanada Stock Performance

Shares of ACQ stock traded down C$1.37 during midday trading on Friday, hitting C$28.37. The company had a trading volume of 21,340 shares, compared to its average volume of 54,133. The company’s 50 day simple moving average is C$24.00 and its 200 day simple moving average is C$23.35. AutoCanada Inc. has a 52-week low of C$14.00 and a 52-week high of C$30.35. The stock has a market cap of C$652.17 million, a price-to-earnings ratio of 22.34, a PEG 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.

AutoCanada (TSE:ACQ – Get Free Report) last issued its quarterly 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 during the quarter. Research analysts anticipate that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ACQ. Desjardins set a C$27.00 price target on shares of AutoCanada and gave the stock a “hold” rating in a research note on Wednesday. Royal Bank Of Canada raised their price objective on shares of 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. BMO Capital Markets lifted their price objective on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Finally, National Bank Financial dropped 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. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$23.62.

View Our Latest Research Report on AutoCanada

About AutoCanada

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for AutoCanada (TSE:ACQ)

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