Key Points
- Insider buying: Paul Antony purchased 1,818 AutoCanada shares at an average C$24.15, investing C$43,904.70 and increasing his stake to 1,562,513 shares. He also bought 2,818 shares the previous day.
- Financial performance: AutoCanada reported quarterly revenue of C$1.42 billion and earnings of C$0.97 per share, while analysts expect full-year EPS of C$2.43.
- Analyst outlook: Several firms raised their price targets, but the consensus rating remains Hold, with an average target of C$23.43 versus the reported trading price of C$24.59.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony acquired 1,818 shares of AutoCanada stock in a transaction on Thursday, October 8th. The shares were bought at an average cost of C$24.15 per share, for a total transaction of C$43,904.70. Following the completion of the transaction, the insider owned 1,562,513 shares in the company, valued at approximately C$37,734,688.95. This trade represents a 0.12% increase in their position.
Paul Antony also recently made the following trade(s):
- On Wednesday, October 7th, Paul Antony bought 2,818 shares of AutoCanada stock. The stock was bought at an average cost of C$24.07 per share, with a total value of C$67,829.26.
AutoCanada Trading Down 0.0%
TSE:ACQ opened at C$24.59 on Wednesday. The company has a 50-day moving average price of C$22.81 and a 200-day moving average price of C$22.32. AutoCanada Inc. has a 12 month low of C$14.00 and a 12 month high of C$30.35. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. The stock has a market cap of C$565.27 million, a price-to-earnings ratio of 19.36, a P/E/G 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 firm had revenue of C$1.42 billion for the quarter. Equities analysts predict that AutoCanada Inc. will post 2.43 EPS for the current year.
Analyst Ratings Changes
A number of research firms have weighed in on ACQ. National Bank Financial upped their target price on AutoCanada from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a report on Thursday, August 13th. BMO Capital Markets lifted their price target on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Finally, Royal Bank Of Canada upped their price target on AutoCanada from C$23.00 to C$24.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$23.43.
Check Out Our Latest Analysis on ACQ
AutoCanada Company Profile
(
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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