Key Points
- Insider buying: Paul Antony purchased 2,218 AutoCanada shares for C$54,141.38, following two additional purchases earlier in the week. He now directly owns 1,564,731 shares valued at approximately C$38.2 million.
- Stock performance: AutoCanada opened at C$24.11, above its 50-day and 200-day moving averages of C$22.84 and C$22.35, respectively. The stock has traded between C$14.00 and C$30.35 over the past 52 weeks.
- Analyst outlook: Analysts have raised their price targets, but the consensus rating remains “Hold,” with a consensus target of C$23.43. The company most recently reported C$0.97 in quarterly earnings per share on C$1.42 billion in revenue.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony purchased 2,218 shares of the firm's stock in a transaction on Friday, October 9th. The shares were acquired at an average price of C$24.41 per share, for a total transaction of C$54,141.38. Following the purchase, the insider directly owned 1,564,731 shares of the company's stock, valued at approximately C$38,195,083.71. This represents a 0.14% increase in their ownership of the stock.
Paul Antony also recently made the following trade(s):
- On Thursday, October 8th, Paul Antony purchased 1,818 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.15 per share, for a total transaction of C$43,904.70.
- On Wednesday, October 7th, Paul Antony acquired 2,818 shares of AutoCanada stock. The stock was acquired at an average price of C$24.07 per share, with a total value of C$67,829.26.
AutoCanada Price Performance
TSE:ACQ opened at C$24.11 on Thursday. The company has a 50-day moving average of C$22.84 and a 200-day moving average of C$22.35. The company has a market capitalization of C$554.24 million, a price-to-earnings ratio of 18.98, a PEG ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 52 week low of C$14.00 and a 52 week high of C$30.35. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05.
AutoCanada (TSE:ACQ - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share for the quarter. The business had revenue of C$1.42 billion for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. As a group, equities research analysts anticipate that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ACQ has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Royal Bank Of Canada increased their price target on 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. Finally, National Bank Financial raised their price target on AutoCanada from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$23.43.
Read Our Latest Research Report 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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