AutoCanada (TSE:ACQ) Insider Paul Antony Acquires 1,818 Shares of Stock

Key Points

• Insider buying: Paul Antony purchased 1,818 AutoCanada shares at C$24.15 each, spending C$43,904.70 and increasing his holdings to 1,562,513 shares. He also bought 2,818 shares the previous day.
• Stock performance and fundamentals: AutoCanada shares recently traded near C$24.59, within a C$14.00–C$30.35 52-week range. The company reported quarterly revenue of C$1.42 billion and EPS of C$0.97, though its debt-to-equity ratio remains high at 418.22.
• Analyst outlook: Several analysts raised their price targets, but the consensus rating remains Hold, with a consensus target price of C$23.43.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony acquired 1,818 shares of the company's stock in a transaction on Thursday, October 8th. The stock was acquired at an average price of C$24.15 per share, for a total transaction of C$43,904.70. Following the completion of the purchase, the insider owned 1,562,513 shares of the company's stock, valued at C$37,734,688.95. This trade represents a 0.12% increase in their position.

Paul Antony also recently made the following trade(s):

• On Wednesday, October 7th, Paul Antony bought 2,818 shares of AutoCanada stock. The shares were acquired at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Performance

Shares of ACQ traded down C$0.01 during mid-day trading on Tuesday, hitting C$24.59. 12,652 shares of the company's stock were exchanged, compared to its average volume of 55,506. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. AutoCanada Inc. has a fifty-two week low of C$14.00 and a fifty-two week high of C$30.35. The business's 50 day moving average is C$22.81 and its two-hundred day moving average is C$22.32. The firm has a market capitalization of C$565.27 million, a P/E ratio of 19.36, 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 results on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) for the quarter. The firm 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%. On average, equities analysts expect that AutoCanada Inc. will post 2.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ACQ shares. BMO Capital Markets boosted their target price on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. National Bank Financial upped their price target on 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 increased their price target on 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 equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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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