AutoCanada (TSE:ACQ) Insider Paul Antony Buys 2,400 Shares of Company Stock

Key Points

• Insider buying: Paul Antony purchased 2,400 AutoCanada shares at an average C$26.12, increasing his position by 0.15% to 1.57 million shares. He also made six additional purchases between October 7 and 15.
• Stock performance: AutoCanada shares recently traded at C$27.71, near their 52-week high of C$30.35, with a market capitalization of approximately C$637 million.
• Analyst outlook: The stock carries a consensus “Hold” rating from analysts, with an average price target of C$23.14; estimates include one Buy and six Hold ratings.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony acquired 2,400 shares of the company's stock in a transaction dated Friday, October 16th. The shares were bought at an average cost of C$26.12 per share, with a total value of C$62,688.00. Following the completion of the acquisition, the insider directly owned 1,572,475 shares in the company, valued at C$41,073,047. The trade was a 0.15% increase in their position.

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

• On Thursday, October 15th, Paul Antony bought 1,472 shares of AutoCanada stock. The stock was bought 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 purchased 2,036 shares of AutoCanada stock. The shares were purchased at an average price of C$24.33 per share, for a total transaction of C$49,535.88.
• On Tuesday, October 13th, Paul Antony purchased 1,836 shares of AutoCanada stock. The shares were purchased at an average cost of C$24.56 per share, with a total value of C$45,092.16.
• On Friday, October 9th, Paul Antony purchased 2,218 shares of AutoCanada stock. The shares were purchased 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 acquired 1,818 shares of AutoCanada stock. The stock was purchased at an average price of C$24.15 per share, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony acquired 2,818 shares of AutoCanada stock. The shares were purchased at an average price of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Price Performance

Shares of AutoCanada stock traded up C$0.28 during trading on Wednesday, hitting C$27.71. 18,039 shares of the stock traded hands, compared to its average volume of 54,780. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. The stock has a market cap of C$637.00 million, a price-to-earnings ratio of 21.82, a PEG ratio of 0.30 and a beta of 1.72. The firm's fifty day moving average is C$23.14 and its 200-day moving average is C$22.54. AutoCanada Inc. has a 52 week low of C$14.00 and a 52 week high of C$30.35.

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 company had revenue of C$1.42 billion during the quarter. AutoCanada had a return on equity of 6.64% and a net margin of 0.63%. Research analysts expect that AutoCanada Inc. will post 2.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. National Bank Financial lowered their price objective on shares of AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating for the company in a report on Thursday, October 15th. Royal Bank Of Canada increased their target price on shares of AutoCanada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a report on Tuesday, August 18th. Finally, BMO Capital Markets increased their target price on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$23.14.

About AutoCanada

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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