Key Points
- Insider Paul Antony bought 2,200 AutoCanada shares at C$28.90 each, investing C$63,580 and increasing his direct ownership to 1,594,175 shares valued at approximately C$46.1 million.
- The purchase extends a series of insider acquisitions throughout October, totaling more than 25,000 shares bought at prices ranging from roughly C$24.07 to C$28.92.
- Analysts maintain a generally neutral outlook: AutoCanada has an average “Hold” rating and a C$23.62 target price, below the stock’s reported opening price of C$28.37.
AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony bought 2,200 shares of AutoCanada stock in a transaction on Tuesday, October 27th. The shares were acquired at an average cost of C$28.90 per share, for a total transaction of C$63,580.00. Following the completion of the acquisition, the insider directly owned 1,594,175 shares in the company, valued at approximately C$46,071,657.50. The trade was a 0.14% increase in their ownership of the stock.
Paul Antony also recently made the following trade(s):
- On Monday, October 26th, Paul Antony acquired 4,000 shares of AutoCanada stock. The stock was purchased at an average price of C$28.92 per share, with a total value of C$115,680.00.
- On Thursday, October 22nd, Paul Antony bought 1,500 shares of AutoCanada stock. The stock was purchased at an average price of C$27.65 per share, for a total transaction of C$41,475.00.
- On Monday, October 19th, Paul Antony bought 5,000 shares of AutoCanada stock. The shares were bought at an average price of C$27.13 per share, with a total value of C$135,650.00.
- On Friday, October 16th, Paul Antony acquired 2,400 shares of AutoCanada stock. The stock was acquired at an average price of C$26.12 per share, for a total transaction of C$62,688.00.
- On Thursday, October 15th, Paul Antony purchased 1,472 shares of AutoCanada stock. The shares were purchased 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 bought 2,036 shares of AutoCanada stock. The stock was acquired 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 purchased 1,836 shares of AutoCanada stock. The stock was purchased at an average price 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 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 bought 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 cost of C$24.07 per share, for a total transaction of C$67,829.26.
AutoCanada Price Performance
Shares of TSE:ACQ opened at C$28.37 on Monday. AutoCanada Inc. has a 52-week low of C$14.00 and a 52-week high of C$30.35. The firm has a market cap of C$652.17 million, a P/E ratio of 22.34, a PEG ratio of 0.30 and a beta of 1.72. The business's 50 day simple moving average is C$24.00 and its two-hundred day simple moving average is C$23.35. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05.
AutoCanada (TSE:ACQ - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.42 billion for the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. As a group, research analysts forecast that AutoCanada Inc. will post 2.43 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
ACQ has been the topic of several recent research reports. Royal Bank Of Canada raised their target price on AutoCanada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a report on Tuesday, August 18th. Desjardins set a C$27.00 price target on shares of AutoCanada and gave the stock a "hold" rating in a research report on Wednesday, October 28th. BMO Capital Markets boosted their price target on AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. Finally, National Bank Financial lowered their price objective on AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating for the company in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$23.62.
Check Out Our Latest Stock Analysis 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.
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