AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Purchases 2,036 Shares

Key Points

• Insider buying: Paul Antony purchased 2,036 AutoCanada shares at an average C$24.33, investing approximately C$49,536. His direct holdings rose to 1,568,603 shares, following several additional purchases earlier in October.
• Stock performance: AutoCanada shares recently traded at C$26.86, with a 52-week range of C$14.00 to C$30.35. The company has a C$617.46 million market capitalization and significant leverage, reflected in a debt-to-equity ratio of 418.22.
• Analyst outlook: Analysts maintain a consensus “Hold” rating, with an average price target of C$23.14. Recent target changes ranged from C$21.00 to C$27.00.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony acquired 2,036 shares of the business's stock in a transaction that occurred on Wednesday, October 14th. The stock was purchased at an average price of C$24.33 per share, for a total transaction of C$49,535.88. Following the acquisition, the insider directly owned 1,568,603 shares in the company, valued at approximately C$38,164,110.99. This trade represents a 0.13% increase in their position.

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

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

AutoCanada Stock Performance

TSE ACQ traded up C$0.41 on Monday, hitting C$26.86. 30,801 shares of the company's stock were exchanged, compared to its average volume of 55,009. The firm has a market cap of C$617.46 million, a price-to-earnings ratio of 21.15, a P/E/G ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a fifty-two week low of C$14.00 and a fifty-two week high of C$30.35. The firm's 50-day moving average price is C$22.94 and its two-hundred day moving average price is C$22.45. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25.

AutoCanada (TSE:ACQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.97 earnings per share 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. On average, research analysts expect that AutoCanada Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

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