AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Acquires 2,218 Shares

Key Points

• Insider buying: Paul Antony purchased 2,218 AutoCanada shares for approximately C$54,141, increasing his direct ownership to 1,564,731 shares. He also bought shares in two transactions earlier that week.
• Stock performance and financial profile: AutoCanada shares recently traded at C$24.26, near their 50-day and 200-day moving averages, while the company reported C$1.42 billion in quarterly revenue and C$0.97 EPS. The company carries a high debt-to-equity ratio of 418.22.
• Analyst outlook: Analysts have generally maintained a cautious stance, with one Buy rating and six Hold ratings. The consensus rating is Hold, with an average price target of C$23.43.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony acquired 2,218 shares of the business's stock in a transaction that occurred on Friday, October 9th. The stock was purchased at an average cost of C$24.41 per share, with a total value of C$54,141.38. Following the acquisition, the insider directly owned 1,564,731 shares of the company's stock, valued at C$38,195,083.71. This trade represents a 0.14% increase in their ownership of the stock.

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

• On Thursday, October 8th, Paul Antony purchased 1,818 shares of AutoCanada stock. The shares were acquired 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 stock was acquired at an average price of C$24.07 per share, for a total transaction of C$67,829.26.

AutoCanada Stock Performance

Shares of ACQ traded down C$0.33 on Wednesday, reaching C$24.26. The company's stock had a trading volume of 5,750 shares, compared to its average volume of 55,252. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. The stock has a market capitalization of C$557.69 million, a P/E ratio of 19.10, a PEG ratio of 0.30 and a beta of 1.72. The stock's 50 day simple moving average is C$22.81 and its two-hundred day simple moving average is C$22.32. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$30.35.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. National Bank Financial raised their target price on AutoCanada from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a report on Thursday, August 13th. BMO Capital Markets upped their price target on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Finally, Royal Bank Of Canada raised their price objective on AutoCanada from C$23.00 to C$24.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average 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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