AutoCanada (TSE:ACQ) Insider Purchases C$63,580.00 in Stock

Key Points

• Insider buying continued: Paul Antony purchased 2,200 AutoCanada shares for C$63,580, bringing his holdings to 1,594,175 shares valued at approximately C$46.1 million. The purchase was part of a broader series of acquisitions during October.
• AutoCanada shares traded at C$28.37, near their 12-month high of C$30.35 and above both their 50-day and 200-day moving averages. The company reported quarterly EPS of C$0.97 and revenue of C$1.42 billion.
• Analyst sentiment remains cautious: One analyst rates the stock a Buy, while seven rate it Hold; the consensus rating is Hold with an average price target of C$23.62.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were acquired at an average cost of C$28.90 per share, with a total value of C$63,580.00. Following the completion of the transaction, the insider owned 1,594,175 shares in the company, valued at C$46,071,657.50. This trade represents a 0.14% increase in their ownership of the stock.

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

• On Monday, October 26th, Paul Antony bought 4,000 shares of AutoCanada stock. The stock was bought at an average cost of C$28.92 per share, for a total transaction of C$115,680.00.
• On Thursday, October 22nd, Paul Antony purchased 1,500 shares of AutoCanada stock. The stock was purchased at an average price of C$27.65 per share, for a total transaction of C$41,475.00.
• On Monday, October 19th, Paul Antony bought 5,000 shares of AutoCanada stock. The stock was purchased at an average price of C$27.13 per share, for a total transaction of C$135,650.00.
• On Friday, October 16th, Paul Antony bought 2,400 shares of AutoCanada stock. The shares were acquired at an average price of C$26.12 per share, for a total transaction of C$62,688.00.
• On Thursday, October 15th, Paul Antony acquired 1,472 shares of AutoCanada stock. The shares were acquired at an average cost of C$24.82 per share, for a total transaction of C$36,535.04.
• On Wednesday, October 14th, Paul Antony purchased 2,036 shares of AutoCanada stock. The shares were bought at an average cost 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 stock was bought at an average price of C$24.56 per share, with a total value of C$45,092.16.
• On Friday, October 9th, Paul Antony acquired 2,218 shares of AutoCanada stock. The shares were bought 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 shares were bought at an average cost 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 bought at an average price of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Stock Performance

ACQ stock traded down C$1.37 on Friday, hitting C$28.37. The company had a trading volume of 21,340 shares, compared to its average volume of 54,133. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$30.35. 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 stock's 50-day simple moving average is C$24.00 and its 200 day simple moving average is C$23.35. The stock has a market cap of C$652.17 million, a price-to-earnings ratio of 22.34, a P/E/G ratio of 0.30 and a beta of 1.72.

AutoCanada (TSE:ACQ - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.42 billion during the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. As a group, equities research analysts expect that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ACQ has been the subject of a number of research reports. BMO Capital Markets upped their price objective on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Desjardins set a C$27.00 target price on AutoCanada and gave the company a "hold" rating in a report on Wednesday. National Bank Financial dropped their target price on AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada boosted their price target on AutoCanada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$23.62.

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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