Key Points
- Insider purchase: AutoCanada insider Samuel Cochrane bought 795 shares at C$18.87 on March 30, raising his stake to 17,599 shares (a 4.73% increase) valued at about C$332,093.
- Analyst outlook: Several brokers cut ratings and price targets (e.g., CIBC to Hold C$20, Canaccord to Hold C$22, RBC to C$18) while Acumen raised its target and rating, leaving a MarketBeat consensus rating of "Hold" with a C$24.18 consensus price target.
- Financial snapshot: ACQ opened at C$19.32 and trades below its 50- and 200-day SMAs (~C$24.75 and C$25.33); market cap is C$444.7M, P/E 29.27, debt-to-equity 409.72, and a 52-week range of C$14.00–C$35.48.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Samuel Cochrane acquired 795 shares of the business's stock in a transaction that occurred on Monday, March 30th. The shares were bought at an average price of C$18.87 per share, for a total transaction of C$15,001.65. Following the completion of the purchase, the insider owned 17,599 shares of the company's stock, valued at approximately C$332,093.13. This represents a 4.73% increase in their ownership of the stock.
AutoCanada Stock Performance
ACQ stock opened at C$19.32 on Tuesday. The company has a 50-day simple moving average of C$24.75 and a 200 day simple moving average of C$25.33. The company has a market capitalization of C$444.69 million, a P/E ratio of 29.27, a PEG ratio of 0.30 and a beta of 1.76. The company has a quick ratio of 0.25, a current ratio of 1.07 and a debt-to-equity ratio of 409.72. AutoCanada Inc. has a fifty-two week low of C$14.00 and a fifty-two week high of C$35.48.
AutoCanada (TSE:ACQ - Get Free Report) last released its earnings results on Wednesday, March 18th. The company reported C($0.06) EPS for the quarter. AutoCanada had a net margin of 0.33% and a return on equity of 3.40%. The company had revenue of C$1.12 billion for the quarter. Sell-side analysts predict that AutoCanada Inc. will post 2.4311927 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently commented on ACQ shares. Canadian Imperial Bank of Commerce cut AutoCanada from an "outperform" rating to a "hold" rating and dropped their target price for the stock from C$34.00 to C$20.00 in a report on Friday, March 20th. Canaccord Genuity Group lowered AutoCanada from a "buy" rating to a "hold" rating and cut their price objective for the company from C$42.00 to C$22.00 in a report on Thursday, March 19th. Royal Bank Of Canada lowered their target price on AutoCanada from C$28.00 to C$18.00 in a report on Thursday, March 19th. Acumen Capital boosted their price target on shares of AutoCanada from C$35.50 to C$39.25 and gave the stock a "speculative buy" rating in a research report on Tuesday, January 27th. Finally, ATB Cormark Capital Markets cut their price target on shares of AutoCanada from C$25.00 to C$22.00 and set a "sector perform" rating for the company in a report on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$24.18.
View Our Latest Report on ACQ
About AutoCanada
(
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. The majority of revenue is generated in the new-vehicles sales segment.
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