AutoCanada (TSE:ACQ) Insider Acquires 2,818 Shares of Stock

Key Points

• Insider purchase: Paul Antony acquired 2,818 AutoCanada shares at an average price of C$24.07, investing approximately C$67,829. His total holdings increased to 1,560,695 shares.
• Stock and financial performance: AutoCanada shares were flat at C$24.60, with a market capitalization of approximately C$565.5 million. The company reported quarterly EPS of C$0.97 and revenue of C$1.42 billion.
• Analyst outlook: Analysts have a consensus “Hold” rating and an average price target of C$23.43, despite several recent target-price increases.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony acquired 2,818 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was purchased at an average price of C$24.07 per share, for a total transaction of C$67,829.26. Following the completion of the acquisition, the insider owned 1,560,695 shares in the company, valued at C$37,565,928.65. The trade was a 0.18% increase in their position.

AutoCanada Stock Performance

TSE:ACQ remained flat at C$24.60 during trading hours on Monday. The company's stock had a trading volume of 36,504 shares, compared to its average volume of 55,725. AutoCanada Inc. has a 52 week low of C$14.00 and a 52 week high of C$30.35. The business's 50-day simple moving average is C$22.75 and its two-hundred day simple moving average is C$22.25. 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 firm has a market cap of C$565.50 million, a P/E ratio of 19.37, a P/E/G ratio of 0.30 and a beta of 1.72.

AutoCanada (TSE:ACQ - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share 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%. Equities analysts expect that AutoCanada Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BMO Capital Markets raised their price objective on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. National Bank Financial lifted their target price on shares of AutoCanada from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada upped their target price on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$23.43.

AutoCanada Company Profile

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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