EdgePoint Investment Group Inc. Buys 1,200 Shares of AutoCanada Inc. (TSE:ACQ) Stock

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AutoCanada Inc. (TSE:ACQ - Get Free Report) insider EdgePoint Investment Group Inc. bought 1,200 shares of the business's stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average cost of C$23.95 per share, with a total value of C$28,740.00.

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

On Friday, April 19th, EdgePoint Investment Group Inc. purchased 2,400 shares of AutoCanada stock. The shares were purchased at an average price of C$24.00 per share, for a total transaction of C$57,588.00.
On Tuesday, April 16th, EdgePoint Investment Group Inc. purchased 1,400 shares of AutoCanada stock. The stock was acquired at an average price of C$23.83 per share, for a total transaction of C$33,362.00.
On Friday, April 12th, EdgePoint Investment Group Inc. acquired 4,700 shares of AutoCanada stock. The shares were 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. bought 21,200 shares of AutoCanada stock. The shares were bought at an average cost of C$26.64 per share, for a total transaction 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 cost of C$23.92 per share, with a total value of C$89,694.38.

AutoCanada Trading Up 0.8 %

ACQ traded up C$0.20 during mid-day trading on Monday, hitting C$24.20. 73,862 shares of the stock were exchanged, compared to its average volume of 32,180. The company has a market cap of C$571.36 million, a PE ratio of 11.75, a PEG ratio of 0.30 and a beta of 2.60. 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 firm's fifty day moving average is C$23.87 and its two-hundred day moving average is C$22.49. AutoCanada Inc. has a 1-year low of C$15.14 and a 1-year high of C$27.54.

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AutoCanada (TSE:ACQ - Get Free Report) last posted its quarterly 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 business had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. Equities analysts forecast that AutoCanada Inc. will post 3.0424469 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ACQ shares. BMO Capital Markets cut their price objective 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. Cormark set a C$35.00 price objective on shares of AutoCanada in a research note on Tuesday, March 19th. National Bankshares lowered their target price on shares of AutoCanada from C$24.50 to C$22.00 and set a "sector perform" rating on the stock in a research note on Friday, March 8th. Canaccord Genuity Group reduced their target price on AutoCanada from C$22.00 to C$20.00 and set a "hold" rating for the company in a research note on Friday, March 8th. Finally, CIBC increased their price objective on shares of AutoCanada from C$22.00 to C$25.00 and gave the company a "neutral" rating in a report on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$27.95.

Check Out Our Latest Stock Analysis on AutoCanada

About AutoCanada

(Get Free Report)

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.

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