AutoCanada Inc. (TSE:ACQ) Insider Buys C$111,604.79 in Stock

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider EdgePoint Investment Group Inc. acquired 4,700 shares of AutoCanada stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of C$23.75 per share, with a total value of C$111,604.79.

EdgePoint Investment Group Inc. also recently made the following trade(s):

• On Tuesday, March 19th, EdgePoint Investment Group Inc. acquired 21,200 shares of AutoCanada stock. The shares were purchased at an average cost of C$26.64 per share, with a total value of C$564,865.52.
• On Wednesday, March 13th, EdgePoint Investment Group Inc. acquired 3,750 shares of AutoCanada stock. The shares were purchased at an average cost of C$23.92 per share, with a total value of C$89,694.38.

AutoCanada Stock Performance

Shares of ACQ traded down C$0.50 during mid-day trading on Wednesday, hitting C$24.00. The company's stock had a trading volume of 12,701 shares, compared to its average volume of 32,665. AutoCanada Inc. has a one year low of C$15.14 and a one year high of C$27.54. The company has a debt-to-equity ratio of 396.08, a quick ratio of 0.25 and a current ratio of 1.04. The firm has a market capitalization of C$566.64 million, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.30 and a beta of 2.60. The stock's 50-day moving average is C$23.48 and its two-hundred day moving average is C$22.50.

AutoCanada (TSE:ACQ - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported C$0.69 EPS for the quarter, topping the consensus estimate of C$0.56 by C$0.13. The firm had revenue of C$1.48 billion during the quarter, compared to analysts' expectations of C$1.43 billion. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. As a group, sell-side analysts anticipate that AutoCanada Inc. will post 3.0424469 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACQ. Scotiabank upped their target price on AutoCanada from C$26.00 to C$28.00 and gave the company an "outperform" rating in a report on Friday, March 8th. Acumen Capital dropped their target price on AutoCanada from C$33.00 to C$24.50 and set a "speculative buy" rating on the stock in a report on Friday, March 8th. National Bankshares dropped their target price on AutoCanada from C$24.50 to C$22.00 and set a "sector perform" rating on the stock in a report on Friday, March 8th. BMO Capital Markets dropped their target price on AutoCanada from C$24.00 to C$23.00 and set a "market perform" rating on the stock in a report on Friday, March 8th. Finally, Canaccord Genuity Group dropped their price objective on AutoCanada from C$22.00 to C$20.00 and set a "hold" rating on the stock in a report on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$27.65.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.