Insider Buying: AutoCanada (TSE:ACQ) Insider Buys 1,836 Shares of Stock

Key Points

• Insider buying: Paul Antony purchased 1,836 AutoCanada shares for approximately C$45,092, raising his direct ownership to 1,566,567 shares. He also bought shares in three prior transactions earlier that week.
• Stock performance: AutoCanada shares rose 5.1% to C$26.45, with a market capitalization of approximately C$608 million.
• Analyst outlook: Analysts maintain a consensus “Hold” rating, with an average price target of C$23.14, despite the company reporting C$1.42 billion in quarterly revenue and C$0.97 in earnings per share.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony bought 1,836 shares of the company's stock in a transaction that occurred on Tuesday, October 13th. The stock was acquired at an average cost of C$24.56 per share, for a total transaction of C$45,092.16. Following the acquisition, the insider directly owned 1,566,567 shares of the company's stock, valued at C$38,474,885.52. The trade was a 0.12% increase in their ownership of the stock.

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

• On Friday, October 9th, Paul Antony purchased 2,218 shares of AutoCanada stock. The stock was acquired at an average price of C$24.41 per share, for a total transaction 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 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 shares were acquired at an average cost of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Stock Up 5.1%

Shares of TSE:ACQ traded up C$1.28 on Friday, hitting C$26.45. 54,723 shares of the company's stock were exchanged, compared to its average volume of 55,133. The firm's 50-day moving average is C$22.94 and its 200 day moving average is C$22.42. The company has a market capitalization of C$608.03 million, a PE ratio of 20.83, a P/E/G ratio of 0.30 and a beta of 1.72. AutoCanada Inc. has a 1-year low of C$14.00 and a 1-year high of C$30.35. The company has a debt-to-equity ratio of 418.22, a quick ratio of 0.25 and a current ratio of 1.05.

AutoCanada (TSE:ACQ - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share 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. Sell-side analysts predict that AutoCanada Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

ACQ has been the topic of several recent analyst reports. 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 on the stock in a research note on Thursday. Royal Bank Of Canada boosted their price objective on shares of AutoCanada from C$23.00 to C$24.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 18th. Finally, BMO Capital Markets upped their target price on shares of AutoCanada from C$24.00 to C$27.00 in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$23.14.

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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