AutoCanada Inc. (TSE:ACQ - Get Free Report) shares fell 8.1% during trading on Thursday . The stock traded as low as C$20.89 and last traded at C$22.42. 205,897 shares were traded during trading, an increase of 505% from the average session volume of 34,007 shares. The stock had previously closed at C$24.39.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. National Bankshares cut their target price on AutoCanada from C$24.50 to C$22.00 and set a "sector perform" rating for the company in a research note on Friday, March 8th. Scotiabank raised their price objective on AutoCanada from C$26.00 to C$28.00 and gave the company an "outperform" rating in a research note on Friday, March 8th. CIBC boosted their target price on AutoCanada from C$22.00 to C$25.00 and gave the stock a "neutral" rating in a research note on Friday, April 19th. Canaccord Genuity Group dropped their target price 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. Finally, BMO Capital Markets decreased their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, AutoCanada currently has an average rating of "Hold" and an average target price of C$27.95.
Get Our Latest Report on ACQ
AutoCanada Price Performance
The company has a 50 day moving average price of C$24.03 and a 200-day moving average price of C$22.47. The company has a market cap of C$485.66 million, a price-to-earnings ratio of 9.99, a P/E/G ratio of 0.30 and a beta of 2.60. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 396.08.
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, topping analysts' consensus estimates of C$0.56 by C$0.13. The firm had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.43 billion. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. As a group, equities research analysts predict that AutoCanada Inc. will post 3.0424469 EPS for the current fiscal year.
Insider Activity at AutoCanada
In related news, insider EdgePoint Investment Group Inc. acquired 21,200 shares of the stock in a transaction dated Tuesday, March 19th. The stock was bought at an average cost of C$26.64 per share, for a total transaction of C$564,865.52. Insiders purchased 34,650 shares of company stock worth $885,855 over the last three months. Company insiders own 4.70% of the company's stock.
About AutoCanada
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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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