AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Buys 1,836 Shares

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony bought 1,836 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was bought at an average cost of C$24.56 per share, for a total transaction of C$45,092.16. Following the completion of the purchase, the insider directly owned 1,566,567 shares of the company's stock, valued at C$38,474,885.52. This represents a 0.12% increase in their ownership of the stock.

Paul Antony also recently made the following trade(s):

• On Friday, October 9th, Paul Antony bought 2,218 shares of AutoCanada stock. The shares were bought at an average price of C$24.41 per share, with a total value of C$54,141.38.
• On Thursday, October 8th, Paul Antony purchased 1,818 shares of AutoCanada stock. The stock was bought at an average cost of C$24.15 per share, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony purchased 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 Price Performance

Shares of TSE:ACQ opened at C$26.45 on Monday. The company's fifty day moving average price is C$22.94 and its 200-day moving average price is C$22.45. The firm has a market capitalization of C$608.03 million, a price-to-earnings ratio of 20.83, a PEG ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a one year low of C$14.00 and a one year high of C$30.35. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25.

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AutoCanada (TSE:ACQ - Get Free Report) last posted its quarterly earnings data 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. On average, equities research analysts anticipate that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on ACQ shares. BMO Capital Markets increased their target price on AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. National Bank Financial dropped their price target on AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada upped their price objective on AutoCanada from C$23.00 to C$24.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of C$23.14.

Read Our Latest Research Report on AutoCanada

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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