Key Points
- Insider buying: Paul Antony purchased 2,818 AutoCanada shares at C$24.07 each, investing approximately C$67,829 and increasing his direct holdings by 0.18% to 1,560,695 shares.
- Stock and financial profile: AutoCanada shares opened at C$24.60, with a market capitalization of about C$565.5 million. The company reported quarterly revenue of C$1.42 billion and earnings of C$0.97 per share, but carries a high debt-to-equity ratio of 418.22.
- Analyst view: Analysts have raised their price targets, but coverage remains cautious: one analyst rates the stock Buy and six rate it Hold, producing a consensus Hold rating and an average target of C$23.43.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony purchased 2,818 shares of AutoCanada stock in a transaction on Wednesday, October 7th. The stock was bought at an average price of C$24.07 per share, for a total transaction of C$67,829.26. Following the transaction, the insider directly owned 1,560,695 shares in the company, valued at approximately C$37,565,928.65. The trade was a 0.18% increase in their position.
AutoCanada Stock Performance
Shares of ACQ stock opened at C$24.60 on Tuesday. The business's 50 day simple moving average is C$22.78 and its 200 day simple moving average is C$22.29. 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 Inc. has a one year low of C$14.00 and a one year high of C$30.35. The stock has a market capitalization of C$565.50 million, a PE ratio of 19.37, a PEG ratio of 0.30 and a beta of 1.72.
AutoCanada (TSE:ACQ - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. The business had revenue of C$1.42 billion during the quarter. As a group, research analysts forecast that AutoCanada Inc. will post 2.43 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective 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. National Bank Financial upped their price target on AutoCanada from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 13th. Finally, BMO Capital Markets increased their price target on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, AutoCanada has a consensus rating of "Hold" and an average price target of C$23.43.
Read Our Latest Stock Analysis 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.
Further Reading
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