AutoCanada (TSE:ACQ) Stock: Insider Paul Antony Purchases 4,000 Shares

Key Points

• Insider buying continued: Paul Antony purchased 4,000 AutoCanada shares at an average C$28.92, investing C$115,680 and increasing his ownership to 1,591,975 shares. He also made multiple purchases throughout October.
• AutoCanada shares traded at C$28.37, near their 52-week high of C$30.35, with a market capitalization of approximately C$652 million. The company reported quarterly EPS of C$0.97 on revenue of C$1.42 billion.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from analysts, with an average price target of C$23.62—below its reported trading price.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony purchased 4,000 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of C$28.92 per share, with a total value of C$115,680.00. Following the completion of the transaction, the insider owned 1,591,975 shares in the company, valued at C$46,039,917. This trade represents a 0.25% increase in their ownership of the stock.

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

• On Tuesday, October 27th, Paul Antony purchased 2,200 shares of AutoCanada stock. The stock was purchased at an average price of C$28.90 per share, for a total transaction of C$63,580.00.
• On Thursday, October 22nd, Paul Antony acquired 1,500 shares of AutoCanada stock. The shares were purchased at an average price of C$27.65 per share, with a total value of C$41,475.00.
• On Monday, October 19th, Paul Antony acquired 5,000 shares of AutoCanada stock. The stock was purchased at an average price of C$27.13 per share, with a total value of C$135,650.00.
• On Friday, October 16th, Paul Antony purchased 2,400 shares of AutoCanada stock. The shares were acquired at an average cost of C$26.12 per share, for a total transaction of C$62,688.00.
• On Thursday, October 15th, Paul Antony bought 1,472 shares of AutoCanada stock. The shares were bought at an average price of C$24.82 per share, for a total transaction of C$36,535.04.
• On Wednesday, October 14th, Paul Antony bought 2,036 shares of AutoCanada stock. The stock was bought at an average price of C$24.33 per share, for a total transaction of C$49,535.88.
• On Tuesday, October 13th, Paul Antony acquired 1,836 shares of AutoCanada stock. The shares were 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 purchased 2,218 shares of AutoCanada stock. The shares were acquired 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 purchased 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 purchased 2,818 shares of AutoCanada stock. The stock was bought at an average price of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Performance

AutoCanada stock traded down C$1.37 during midday trading on Friday, hitting C$28.37. The stock had a trading volume of 21,340 shares, compared to its average volume of 54,133. The firm's fifty day moving average is C$24.00 and its two-hundred day moving average is C$23.35. 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 company has a market capitalization of C$652.17 million, a PE ratio of 22.34, a P/E/G ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 52-week low of C$14.00 and a 52-week high of C$30.35.

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

Wall Street Analyst Weigh In

Several research firms have commented on ACQ. National Bank Financial lowered their price target on shares of 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. Desjardins set a C$27.00 target price on shares of AutoCanada and gave the stock a "hold" rating in a research note on Wednesday. Royal Bank Of Canada lifted their target price on shares of 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. Finally, BMO Capital Markets increased their price target on AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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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