AutoCanada Inc. (TSE:ACQ) Insider Acquires C$564,865.52 in Stock

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. purchased 21,200 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average price of C$26.64 per share, for a total transaction of C$564,865.52.

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

• On Wednesday, March 13th, EdgePoint Investment Group Inc. purchased 3,750 shares of AutoCanada stock. The shares were purchased at an average price of C$23.92 per share, for a total transaction of C$89,694.38.

AutoCanada Price Performance

Shares of TSE ACQ opened at C$26.75 on Thursday. 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 company has a market cap of C$631.57 million, a PE ratio of 12.99, a P/E/G ratio of 0.30 and a beta of 2.60. The business has a 50-day simple moving average of C$22.54 and a two-hundred day simple moving average of C$22.50. AutoCanada Inc. has a fifty-two week low of C$15.14 and a fifty-two week high of C$27.54.

Analysts Set New Price Targets

Several brokerages have recently commented on ACQ. Acumen Capital cut their price target on AutoCanada from C$33.00 to C$24.50 and set a “speculative buy” rating on the stock in a research note on Friday, March 8th. Scotiabank raised their price target 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. BMO Capital Markets cut their price target on AutoCanada from C$24.00 to C$23.00 and set a “market perform” rating on the stock in a research note on Friday, March 8th. National Bankshares dropped their price objective on AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating on the stock in a research 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 research report on Friday, March 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.