Insider Buying: AutoCanada (TSE:ACQ) Insider Purchases 1,500 Shares of Company Stock

Key Points

• Insider buying continued: Paul Antony purchased 1,500 AutoCanada shares for C$41,475, bringing his holdings to 1,584,375 shares. He also made eight other purchases earlier in October.
• AutoCanada shares fell 1.8% to C$28.73, while trading near the upper end of their 52-week range of C$14.00 to C$30.35. The company reported C$0.97 in quarterly EPS on C$1.42 billion in revenue.
• Analysts remain cautious: AutoCanada has a consensus “Hold” rating from seven analysts, with an average price target of C$23.14—below the reported trading price.

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider Paul Antony purchased 1,500 shares of AutoCanada stock in a transaction dated Thursday, October 22nd. The shares were bought at an average price of C$27.65 per share, with a total value of C$41,475.00. Following the completion of the transaction, the insider owned 1,584,375 shares in the company, valued at approximately C$43,807,968.75. This trade represents a 0.09% increase in their position.

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

• On Monday, October 19th, Paul Antony purchased 5,000 shares of AutoCanada stock. The stock was acquired at an average cost of C$27.13 per share, for a total transaction of C$135,650.00.
• On Friday, October 16th, Paul Antony acquired 2,400 shares of AutoCanada stock. The shares were acquired at an average cost of C$26.12 per share, with a total value of C$62,688.00.
• On Thursday, October 15th, Paul Antony purchased 1,472 shares of AutoCanada stock. The stock was 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 acquired 2,036 shares of AutoCanada stock. The shares were purchased at an average cost 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 acquired 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 purchased 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 price of C$24.15 per share, with a total value of C$43,904.70.
• On Wednesday, October 7th, Paul Antony acquired 2,818 shares of AutoCanada stock. The shares were bought at an average cost of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Trading Down 1.8%

TSE:ACQ traded down C$0.53 on Tuesday, hitting C$28.73. 24,131 shares of the stock were exchanged, compared to its average volume of 54,413. The stock has a market cap of C$660.45 million, a PE ratio of 22.62, a PEG 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 company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 418.22. The stock has a fifty day moving average of C$23.53 and a 200-day moving average of C$23.27.

AutoCanada (TSE:ACQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.97 EPS for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. The firm had revenue of C$1.42 billion for the quarter. As a group, equities analysts expect that AutoCanada Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ACQ. BMO Capital Markets raised their price objective on AutoCanada from C$24.00 to C$27.00 in a research report on Friday, August 14th. Royal Bank Of Canada increased their target price on AutoCanada from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 18th. Finally, National Bank Financial lowered their target price on 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. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, AutoCanada currently has a consensus rating of "Hold" and an average target price 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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