AutoCanada Inc. (TSE:ACQ - Get Free Report) insider EdgePoint Investment Group Inc. acquired 4,880 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of C$19.78 per share, for a total transaction of C$96,548.36.
EdgePoint Investment Group Inc. also recently made the following trade(s):
- On Thursday, May 22nd, EdgePoint Investment Group Inc. bought 280 shares of AutoCanada stock. The stock was bought at an average price of C$19.55 per share, for a total transaction of C$5,474.39.
- On Friday, May 16th, EdgePoint Investment Group Inc. bought 80,840 shares of AutoCanada stock. The shares were bought at an average cost of C$20.50 per share, for a total transaction of C$1,657,317.01.
AutoCanada Stock Up 0.7%
Shares of AutoCanada stock traded up C$0.16 during trading on Friday, hitting C$21.78. 19,289 shares of the stock were exchanged, compared to its average volume of 23,313. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. The firm's 50-day moving average price is C$17.23 and its 200 day moving average price is C$17.73. The stock has a market cap of C$506.86 million, a price-to-earnings ratio of -10.05, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada Inc. has a 12-month low of C$13.75 and a 12-month high of C$22.40.
Wall Street Analyst Weigh In
ACQ has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on AutoCanada from C$22.00 to C$24.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. CIBC upgraded shares of AutoCanada from an "underperform" rating to a "neutral" rating and raised their price target for the company from C$15.00 to C$23.00 in a research report on Thursday, May 22nd. ATB Capital upped their price objective on shares of AutoCanada from C$18.00 to C$18.50 and gave the stock a "sector perform" rating in a research report on Thursday, March 27th. Acumen Capital upgraded AutoCanada from a "hold" rating to a "speculative buy" rating and raised their target price for the company from C$20.00 to C$22.50 in a research report on Friday, March 21st. Finally, Cibc World Mkts upgraded AutoCanada from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.31.
View Our Latest Stock Report on ACQ
AutoCanada Company Profile
(
Get Free Report)
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.
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