Key Points
- James Mikel Pestrak purchased 1,200 shares of AutoCanada (TSE:ACQ) on November 17 at an average price of C$19.52, raising his holdings to 9,800 shares (a 13.95% increase) valued at about C$191,296.
- AutoCanada's fundamentals look strained — quick ratio 0.25, debt-to-equity 451.54, negative net margin (-0.82%) and negative ROE — yet the stock has a consensus analyst rating of "Moderate Buy" with an average target price of C$33.14.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider James Mikel Pestrak purchased 1,200 shares of the stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of C$19.52 per share, for a total transaction of C$23,424.00. Following the completion of the transaction, the insider owned 9,800 shares of the company's stock, valued at C$191,296. The trade was a 13.95% increase in their position.
AutoCanada Stock Down 0.5%
Shares of ACQ opened at C$21.42 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The company has a 50-day moving average price of C$24.10 and a two-hundred day moving average price of C$26.54. The stock has a market cap of C$494.78 million, a price-to-earnings ratio of -53.55, a P/E/G ratio of 0.30 and a beta of 2.09. AutoCanada Inc. has a 12 month low of C$14.03 and a 12 month high of C$35.48.
AutoCanada (TSE:ACQ - Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. The firm had revenue of C$1.20 billion for the quarter. AutoCanada had a negative net margin of 0.82% and a negative return on equity of 9.79%. Equities analysts predict that AutoCanada Inc. will post 2.4311927 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. CIBC cut their price objective on AutoCanada from C$38.00 to C$33.00 in a research report on Monday, November 17th. Canaccord Genuity Group raised their target price on shares of AutoCanada from C$34.00 to C$36.00 in a report on Tuesday, November 4th. ATB Capital reduced their price objective on AutoCanada from C$30.00 to C$25.00 in a research note on Monday, November 17th. Finally, Cibc World Mkts upgraded shares of AutoCanada from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$33.14.
Check Out Our Latest Stock Analysis on AutoCanada
AutoCanada Company Profile
(
Get Free Report)
AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.
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