Insider Buying: AutoCanada (TSE:ACQ) Insider Buys 5,000 Shares of Stock

AutoCanada Inc. (TSE:ACQ) insider Paul Antony acquired 5,000 shares of AutoCanada stock in a transaction on Monday, October 19th. The shares were purchased at an average cost of C$27.13 per share, with a total value of C$135,650.00. Following the completion of the purchase, the insider directly owned 1,577,475 shares of the company’s stock, valued at approximately C$42,796,896.75. This represents a 0.32% increase in their position.

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

• On Friday, October 16th, Paul Antony bought 2,400 shares of AutoCanada stock. The stock was purchased at an average price of C$26.12 per share, with a total value of C$62,688.00.
• On Thursday, October 15th, Paul Antony bought 1,472 shares of AutoCanada stock. The stock was purchased at an average cost of C$24.82 per share, for a total transaction of C$36,535.04.
• On Wednesday, October 14th, Paul Antony purchased 2,036 shares of AutoCanada stock. The shares were purchased at an average price of C$24.33 per share, for a total transaction of C$49,535.88.
• On Tuesday, October 13th, Paul Antony purchased 1,836 shares of AutoCanada stock. The shares were purchased 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 purchased at an average price of C$24.41 per share, with a total value of C$54,141.38.
• On Thursday, October 8th, Paul Antony acquired 1,818 shares of AutoCanada stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of C$24.07 per share, with a total value of C$67,829.26.

AutoCanada Trading Up 3.7%

TSE ACQ traded up C$1.03 on Friday, hitting C$28.81. 55,214 shares of the stock were exchanged, compared to its average volume of 54,642. AutoCanada Inc. has a 52-week low of C$14.00 and a 52-week high of C$30.35. The company has a debt-to-equity ratio of 418.22, a current ratio of 1.05 and a quick ratio of 0.25. The company has a market capitalization of C$662.28 million, a price-to-earnings ratio of 22.69, a P/E/G ratio of 0.30 and a beta of 1.72. The company’s 50-day moving average price is C$23.40 and its two-hundred day moving average price is C$22.67.

AutoCanada (TSE:ACQ) last announced its earnings results on Wednesday, August 12th. The company reported C$0.97 earnings per share (EPS) for the quarter. The company had revenue of C$1.42 billion for the quarter. AutoCanada had a net margin of 0.63% and a return on equity of 6.64%. Research analysts predict that AutoCanada Inc. will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ACQ shares. Royal Bank Of Canada upped their price target on AutoCanada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 18th. 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. Finally, National Bank Financial lowered their target price on AutoCanada from C$23.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.