AutoCanada Inc. (TSE:ACQ) Insider Buys C$163,349.46 in Stock

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. acquired 11,400 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of C$14.33 per share, for a total transaction of C$163,349.46.

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

• On Thursday, August 29th, EdgePoint Investment Group Inc. purchased 18,200 shares of AutoCanada stock. The shares were bought at an average price of C$14.88 per share, for a total transaction of C$270,901.54.
• On Wednesday, August 21st, EdgePoint Investment Group Inc. purchased 7,600 shares of AutoCanada stock. The shares were bought at an average price of C$14.33 per share, for a total transaction of C$108,939.16.

AutoCanada Stock Down 0.5 %

ACQ opened at C$14.71 on Friday. AutoCanada Inc. has a 12 month low of C$13.75 and a 12 month high of C$27.54. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25. The stock has a market cap of C$341.12 million, a P/E ratio of -9.37, a P/E/G ratio of 0.30 and a beta of 2.54. The stock’s 50 day moving average price is C$17.00 and its 200 day moving average price is C$20.46.

AutoCanada (TSE:ACQ) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.34 by C($1.30). The firm had revenue of C$1.60 billion for the quarter, compared to the consensus estimate of C$1.62 billion. AutoCanada had a negative net margin of 0.59% and a negative return on equity of 6.62%. As a group, research analysts predict that AutoCanada Inc. will post 1.2624434 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Cormark dropped their price target on AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. BMO Capital Markets dropped their price target on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating on the stock in a research report on Wednesday, August 14th. Canaccord Genuity Group dropped their price target on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. CIBC dropped their price target on AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating on the stock in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their price target on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$19.11.

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.