AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Purchases 1,472 Shares

Key Points

• Insider buying: Paul Antony purchased 1,472 AutoCanada shares at C$24.82 each, increasing his position by 0.09% to 1.57 million shares. He has also made five other purchases totaling 10,726 shares since October 7.
• Stock performance: AutoCanada shares recently traded at C$27.57, near their 52-week high of C$30.35 and above the 50-day and 200-day moving averages of C$23.03 and C$22.49, respectively.
• Analyst outlook: The stock has a consensus “Hold” rating from analysts, with a consensus price target of C$23.14; the company reported quarterly EPS of C$0.97 and revenue of C$1.42 billion.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony purchased 1,472 shares of the company's stock in a transaction that occurred on Thursday, October 15th. The shares were purchased at an average price of C$24.82 per share, for a total transaction of C$36,535.04. Following the transaction, the insider owned 1,570,075 shares of the company's stock, valued at C$38,969,261.50. This trade represents a 0.09% increase in their position.

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

• On Wednesday, October 14th, Paul Antony acquired 2,036 shares of AutoCanada stock. The stock was 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, with a total value of C$45,092.16.
• On Friday, October 9th, Paul Antony bought 2,218 shares of AutoCanada stock. The shares were 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 price of C$24.15 per share, for a total transaction of C$43,904.70.
• 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, for a total transaction of C$67,829.26.

AutoCanada Price Performance

Shares of AutoCanada stock traded up C$1.12 on Tuesday, hitting C$27.57. The company's stock had a trading volume of 30,335 shares, compared to its average volume of 54,918. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05. The company has a market capitalization of C$633.78 million, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 0.30 and a beta of 1.72. The firm has a fifty day moving average price of C$23.03 and a 200-day moving average price of C$22.49. AutoCanada Inc. has a 1 year low of C$14.00 and a 1 year 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 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%. As a group, sell-side analysts anticipate that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ACQ. Royal Bank Of Canada raised their target price on AutoCanada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 18th. National Bank Financial decreased their price objective on AutoCanada from C$23.00 to C$21.00 and set a "sector perform" rating on the stock in a report on Thursday, October 15th. Finally, BMO Capital Markets lifted their target price on shares of AutoCanada from C$24.00 to C$27.00 in a research note on Friday, August 14th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company 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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