AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Acquires 5,000 Shares

Key Points

• Insider buying continued: Paul Antony purchased 5,000 AutoCanada shares at C$27.13 each, investing C$135,650 and increasing his ownership to 1,577,475 shares. He also made several purchases earlier in October.
• Shares rose 3.7% to C$28.81 during Friday trading, near the company’s 12-month high of C$30.35. AutoCanada reported C$1.42 billion in quarterly revenue and C$0.97 in earnings per share.
• Analysts remain cautious: Six analysts rate the stock Hold and one rates it Buy, resulting in a consensus Hold rating and a C$23.14 price target—below the reported trading price.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony purchased 5,000 shares of AutoCanada stock in a transaction on Monday, October 19th. The shares were acquired at an average cost of C$27.13 per share, for a total transaction of C$135,650.00. Following the purchase, the insider owned 1,577,475 shares in the company, valued at approximately C$42,796,896.75. This trade represents a 0.32% increase in their ownership of the stock.

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

• On Friday, October 16th, Paul Antony bought 2,400 shares of AutoCanada stock. The stock was bought at an average price of C$26.12 per share, with a total value of C$62,688.00.
• On Thursday, October 15th, Paul Antony acquired 1,472 shares of AutoCanada stock. The shares were bought at an average cost 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 cost of C$24.33 per share, with a total value of C$49,535.88.
• On Tuesday, October 13th, Paul Antony acquired 1,836 shares of AutoCanada stock. The stock was purchased at an average price of C$24.56 per share, for a total transaction of C$45,092.16.
• On Friday, October 9th, Paul Antony acquired 2,218 shares of AutoCanada stock. The stock was purchased at an average cost of C$24.41 per share, for a total transaction of C$54,141.38.
• On Thursday, October 8th, Paul Antony bought 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 purchased 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 Trading Up 3.7%

Shares of ACQ stock traded up C$1.03 during mid-day trading on Friday, reaching C$28.81. The company's stock had a trading volume of 55,214 shares, compared to its average volume of 54,642. The company's 50 day simple moving average is C$23.40 and its 200-day simple moving average is C$22.67. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 418.22. AutoCanada Inc. has a 12-month low of C$14.00 and a 12-month high of C$30.35. The firm has a market capitalization of C$662.28 million, a PE ratio of 22.69, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72.

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 return on equity of 6.64% and a net margin of 0.63%. The business had revenue of C$1.42 billion for the quarter. On average, research analysts predict that AutoCanada Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

ACQ has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. National Bank Financial dropped their price target on shares of AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating for the company in a research note on Thursday, October 15th. Finally, Royal Bank Of Canada upped their price target 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. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AutoCanada currently has a consensus rating of "Hold" and a consensus price target 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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