AutoCanada (TSE:ACQ) Sets New 12-Month High - Still a Buy?

AutoCanada Inc. (TSE:ACQ - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$26.18 and last traded at C$25.81, with a volume of 50141 shares traded. The stock had previously closed at C$24.95.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group upped their price target on shares of AutoCanada from C$24.00 to C$28.00 and gave the company a "buy" rating in a report on Monday, July 14th. CIBC upped their price target on shares of AutoCanada from C$23.00 to C$27.50 in a report on Thursday. ATB Capital upped their price target on shares of AutoCanada from C$18.00 to C$18.50 and gave the company a "sector perform" rating in a report on Thursday, March 27th. Cibc World Mkts upgraded shares of AutoCanada from a "strong sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Acumen Capital upgraded shares of AutoCanada from a "hold" rating to a "speculative buy" rating and upped their price target for the company from C$20.00 to C$22.50 in a report on Friday, March 21st. Six 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$21.25.

AutoCanada Trading Down 1.1%

The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The firm has a market cap of C$670.45 million, a price-to-earnings ratio of -13.29, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The business's fifty day moving average is C$22.18 and its two-hundred day moving average is C$18.86.

Insider Transactions at AutoCanada

In other news, insider EdgePoint Investment Group Inc. purchased 80,840 shares of AutoCanada stock in a transaction dated Friday, May 16th. The shares were bought at an average cost of C$20.50 per share, with a total value of C$1,657,317.01. Insiders have purchased 88,280 shares of company stock valued at $1,809,060 over the last quarter. 4.90% of the stock is currently owned by company insiders.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.