Key Points
- Insider buying: Paul Antony purchased 2,036 AutoCanada shares for C$49,535.88, increasing his stake by 0.13% to 1,568,603 shares. He also made four other purchases between October 7 and October 13.
- Stock performance and fundamentals: AutoCanada shares opened at C$26.45, compared with a 52-week range of C$14.00 to C$30.35. The company reported quarterly revenue of C$1.42 billion and EPS of C$0.97, but carries a high debt-to-equity ratio of 418.22.
- Analyst view: Analysts maintain a consensus “Hold” rating with a C$23.14 target price; six analysts rate the stock Hold and one rates it Buy.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony acquired 2,036 shares of AutoCanada stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average price of C$24.33 per share, with a total value of C$49,535.88. Following the completion of the transaction, the insider owned 1,568,603 shares of the company's stock, valued at approximately C$38,164,110.99. This trade represents a 0.13% increase in their position.
Paul Antony also recently made the following trade(s):
- On Tuesday, October 13th, Paul Antony acquired 1,836 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.56 per share, with a total value of C$45,092.16.
- On Friday, October 9th, Paul Antony acquired 2,218 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.41 per share, with a total value of C$54,141.38.
- On Thursday, October 8th, Paul Antony bought 1,818 shares of AutoCanada stock. The stock was acquired at an average price of C$24.15 per share, for a total transaction of C$43,904.70.
- On Wednesday, October 7th, Paul Antony bought 2,818 shares of AutoCanada stock. The stock was acquired at an average price of C$24.07 per share, for a total transaction of C$67,829.26.
AutoCanada Price Performance
Shares of AutoCanada stock opened at C$26.45 on Tuesday. The business's fifty day moving average price is C$23.03 and its two-hundred day moving average price is C$22.49. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. The company has a market capitalization of C$608.03 million, a P/E ratio of 20.83, a PEG ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 1-year low of C$14.00 and a 1-year high of C$30.35.
AutoCanada (TSE:ACQ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. The company had revenue of C$1.42 billion during the quarter. As a group, research analysts forecast that AutoCanada Inc. will post 2.43 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on ACQ shares. National Bank Financial reduced their price objective on shares of AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating for the company in a report on Thursday, October 15th. Royal Bank Of Canada raised their target price on shares of AutoCanada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 18th. Finally, BMO Capital Markets raised their target price on shares of AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, AutoCanada has a consensus rating of "Hold" and a consensus target price of C$23.14.
View 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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