EdgePoint Investment Group Inc. Acquires 1,400 Shares of AutoCanada Inc. (TSE:ACQ) Stock

AutoCanada Inc. (TSE:ACQ - Get Free Report) insider EdgePoint Investment Group Inc. acquired 1,400 shares of the business's stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of C$23.83 per share, with a total value of C$33,362.00.

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

• On Friday, April 12th, EdgePoint Investment Group Inc. acquired 4,700 shares of AutoCanada stock. The stock was acquired at an average price of C$23.75 per share, with a total value of C$111,604.79.
• On Tuesday, March 19th, EdgePoint Investment Group Inc. acquired 21,200 shares of AutoCanada stock. The stock was acquired at an average price 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 stock was acquired at an average price of C$23.92 per share, with a total value of C$89,694.38.

AutoCanada Trading Up 1.2 %

AutoCanada stock traded up C$0.30 during trading on Monday, hitting C$24.45. The company had a trading volume of 13,521 shares, compared to its average volume of 32,045. AutoCanada Inc. has a 1-year low of C$15.14 and a 1-year high of C$27.54. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 396.08. The company's 50 day simple moving average is C$23.65 and its 200-day simple moving average is C$22.52. The stock has a market cap of C$577.26 million, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.30 and a beta of 2.60.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. National Bankshares cut their price target on shares of AutoCanada from C$24.50 to C$22.00 and set a "sector perform" rating for the company in a report on Friday, March 8th. BMO Capital Markets cut their price target on shares of AutoCanada from C$24.00 to C$23.00 and set a "market perform" rating for the company in a report on Friday, March 8th. Canaccord Genuity Group cut their price target on shares of AutoCanada from C$22.00 to C$20.00 and set a "hold" rating for the company in a report on Friday, March 8th. Acumen Capital cut their price target on shares of AutoCanada from C$33.00 to C$24.50 and set a "speculative buy" rating for the company in a report on Friday, March 8th. Finally, Cormark set a C$35.00 price target on shares of AutoCanada in a report on Tuesday, March 19th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, AutoCanada currently has a consensus rating of "Hold" and a consensus target price of C$27.95.

AutoCanada Company Profile

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.