Key Points
- Insider Paul Antony purchased 1,472 AutoCanada shares at an average C$24.82, investing C$36,535.04 and increasing his direct ownership to 1,570,075 shares. He also made five additional purchases between October 7 and 14.
- AutoCanada shares opened at C$27.43, up 3.7%, with a market capitalization of approximately C$630.6 million. The stock has traded between C$14.00 and C$30.35 over the past year.
- Analysts maintain a consensus “Hold” rating, with one Buy and six Hold ratings and an average price target of C$23.14; National Bank Financial recently lowered its target to C$21.00.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony bought 1,472 shares of the business's stock in a transaction on Thursday, October 15th. The stock was acquired at an average cost of C$24.82 per share, for a total transaction of C$36,535.04. Following the acquisition, the insider directly owned 1,570,075 shares of the company's stock, valued at C$38,969,261.50. The trade was a 0.09% increase in their ownership of the stock.
Paul Antony also recently made the following trade(s):
- On Wednesday, October 14th, Paul Antony bought 2,036 shares of AutoCanada stock. The stock was bought at an average price of C$24.33 per share, with a total value of C$49,535.88.
- On Tuesday, October 13th, Paul Antony bought 1,836 shares of AutoCanada stock. The shares were bought 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 bought 2,218 shares of AutoCanada stock. The shares were bought 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 purchased 1,818 shares of AutoCanada stock. The shares were bought 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 purchased 2,818 shares of AutoCanada stock. The shares were bought at an average price of C$24.07 per share, for a total transaction of C$67,829.26.
AutoCanada Stock Up 3.7%
Shares of AutoCanada stock opened at C$27.43 on Wednesday. The stock has a market capitalization of C$630.56 million, a price-to-earnings ratio of 21.60, a PEG ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a twelve month low of C$14.00 and a twelve 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 business's 50 day simple moving average is C$23.14 and its 200-day simple moving average is C$22.54.
AutoCanada (TSE:ACQ - Get Free Report) last released its quarterly earnings data 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 business had revenue of C$1.42 billion during the quarter. Equities research analysts forecast that AutoCanada Inc. will post 2.43 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have issued reports on ACQ. National Bank Financial cut their target price on AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 15th. BMO Capital Markets boosted their price target on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. Finally, Royal Bank Of Canada upped their price target 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. 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 MarketBeat.com, AutoCanada currently has a consensus rating of "Hold" and an average price target of C$23.14.
Get Our Latest 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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