Key Points
- Insider buying: Paul Antony purchased 5,000 AutoCanada shares for C$135,650, increasing his position by 0.32% to 1,577,475 shares. He has made several additional purchases since October 7.
- Stock performance and financial profile: AutoCanada opened at C$28.81, near its 12-month high of C$30.35, with a C$662.28 million market capitalization. The company reported C$0.97 quarterly EPS on C$1.42 billion in revenue, but carries a high debt-to-equity ratio of 418.22.
- Analyst view: Analysts have a consensus “Hold” rating, with one Buy and six Holds, and an average price target of C$23.14. Recent target changes ranged from C$21 to C$27.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony acquired 5,000 shares of the business's stock in a transaction on Monday, October 19th. The stock was acquired at an average price of C$27.13 per share, with a total value of C$135,650.00. Following the transaction, the insider owned 1,577,475 shares in the company, valued at approximately C$42,796,896.75. The trade was a 0.32% increase in their position.
Paul Antony also recently made the following trade(s):
- On Friday, October 16th, Paul Antony acquired 2,400 shares of AutoCanada stock. The stock was acquired at an average cost of C$26.12 per share, for a total transaction of C$62,688.00.
- On Thursday, October 15th, Paul Antony acquired 1,472 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.82 per share, for a total transaction of C$36,535.04.
- On Wednesday, October 14th, Paul Antony bought 2,036 shares of AutoCanada stock. The shares were acquired at an average price of C$24.33 per share, for a total transaction of C$49,535.88.
- On Tuesday, October 13th, Paul Antony bought 1,836 shares of AutoCanada stock. The shares were acquired at an average price 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, 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, 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 acquired at an average cost of C$24.07 per share, with a total value of C$67,829.26.
AutoCanada Stock Performance
AutoCanada stock opened at C$28.81 on Friday. The stock has a 50-day simple moving average of C$23.40 and a 200 day simple moving average of C$22.67. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$30.35. The stock has a market capitalization of C$662.28 million, a price-to-earnings ratio of 22.69, a P/E/G ratio of 0.30 and a beta of 1.72.
AutoCanada (TSE:ACQ - Get Free Report) last issued its quarterly earnings data 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 for the quarter. On average, research analysts anticipate that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. National Bank Financial decreased their price target 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, Royal Bank Of Canada raised their price target on shares of AutoCanada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$23.14.
View 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.
Further Reading
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