Key Points
- AutoCanada insider Paul Antony bought 2,400 shares for C$62,688 at an average price of C$26.12, increasing his holdings by 0.15% to 1,572,475 shares.
- Antony made six additional purchases between October 7 and October 15, bringing his recent buying activity to more than C$359,000.
- AutoCanada shares opened at C$27.66, while analysts maintained a consensus “Hold” rating with an average price target of C$23.14; the company recently reported C$0.97 quarterly EPS and C$1.42 billion in revenue.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony purchased 2,400 shares of the firm's stock in a transaction dated Friday, October 16th. The stock was acquired at an average price of C$26.12 per share, for a total transaction of C$62,688.00. Following the purchase, the insider owned 1,572,475 shares in the company, valued at approximately C$41,073,047. The trade was a 0.15% increase in their position.
Paul Antony also recently made the following trade(s):
- On Thursday, October 15th, Paul Antony acquired 1,472 shares of AutoCanada stock. The shares were acquired at an average price of C$24.82 per share, with a total value of C$36,535.04.
- On Wednesday, October 14th, Paul Antony acquired 2,036 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.33 per share, for a total transaction of C$49,535.88.
- 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, for a total transaction of C$45,092.16.
- On Friday, October 9th, Paul Antony bought 2,218 shares of AutoCanada stock. The stock was acquired at an average price of C$24.41 per share, for a total transaction 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 shares were acquired at an average cost of C$24.07 per share, with a total value of C$67,829.26.
AutoCanada Stock Up 0.8%
Shares of TSE ACQ opened at C$27.66 on Thursday. 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 company has a market cap of C$635.85 million, a price-to-earnings ratio of 21.78, a PEG ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 12 month low of C$14.00 and a 12 month high of C$30.35. The stock has a 50-day moving average price of C$23.24 and a two-hundred day moving average price of C$22.58.
AutoCanada (TSE:ACQ - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported C$0.97 EPS 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 during the quarter. As a group, analysts forecast that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ACQ. 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 report on Tuesday, August 18th. National Bank Financial decreased their target price on shares of 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. Finally, BMO Capital Markets upped their price target on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. One equities research 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 stock currently has a consensus rating of "Hold" and a consensus price target of C$23.14.
Get Our Latest Analysis on AutoCanada
About AutoCanada
(
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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