AutoCanada Inc. (TSE:ACQ – Get Free Report) insider Paul Antony purchased 1,818 shares of AutoCanada stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average cost of C$24.15 per share, with a total value of C$43,904.70. Following the transaction, the insider directly 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 ownership of the stock.
Paul Antony also recently made the following trade(s):
- On Friday, October 9th, Paul Antony acquired 2,218 shares of AutoCanada stock. The stock was purchased at an average price of C$24.41 per share, with a total value of C$54,141.38.
- 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, for a total transaction of C$67,829.26.
AutoCanada Stock Performance
ACQ stock opened at C$25.17 on Friday. The stock’s 50 day simple moving average is C$22.87 and its 200 day simple moving average is C$22.40. 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 12-month low of C$14.00 and a 12-month high of C$30.35. The stock has a market capitalization of C$578.61 million, a PE ratio of 19.82, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72.
AutoCanada (TSE:ACQ – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.42 billion for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. As a group, research analysts forecast 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 recently issued reports on ACQ shares. BMO Capital Markets upped their price target on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. National Bank Financial reduced their price objective on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, 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. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$23.14.
Check Out Our Latest Stock Report on ACQ
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.
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