AutoCanada Inc. (TSE:ACQ) Insider Acquires C$420,900.96 in Stock

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. bought 27,200 shares of the stock in a transaction dated Friday, September 20th. The shares were purchased at an average price of C$15.47 per share, for a total transaction of C$420,900.96.

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

• On Wednesday, September 18th, EdgePoint Investment Group Inc. acquired 37,000 shares of AutoCanada stock. The stock was purchased at an average cost of C$14.98 per share, for a total transaction of C$554,400.60.
• On Wednesday, September 11th, EdgePoint Investment Group Inc. bought 18,100 shares of AutoCanada stock. The shares were purchased at an average cost of C$14.44 per share, with a total value of C$261,364.00.
• On Friday, September 6th, EdgePoint Investment Group Inc. purchased 11,400 shares of AutoCanada stock. The stock was acquired at an average price of C$14.33 per share, for a total transaction of C$163,349.46.
• On Thursday, August 29th, EdgePoint Investment Group Inc. acquired 18,200 shares of AutoCanada stock. The stock was acquired at an average price of C$14.88 per share, with a total value of C$270,901.54.
• On Wednesday, August 21st, EdgePoint Investment Group Inc. bought 7,600 shares of AutoCanada stock. The shares were acquired at an average price of C$14.33 per share, for a total transaction of C$108,939.16.

AutoCanada Stock Down 2.5 %

Shares of TSE ACQ opened at C$16.25 on Friday. The company has a market cap of C$376.84 million, a price-to-earnings ratio of -10.35, a PEG ratio of 0.30 and a beta of 2.54. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. AutoCanada Inc. has a 12 month low of C$13.75 and a 12 month high of C$27.54. The stock has a 50-day moving average price of C$16.25 and a two-hundred day moving average price of C$20.02.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.96) EPS for the quarter, missing the consensus estimate of C$0.34 by C($1.30). AutoCanada had a negative net margin of 0.59% and a negative return on equity of 6.62%. The company had revenue of C$1.60 billion during the quarter, compared to the consensus estimate of C$1.62 billion. As a group, analysts forecast that AutoCanada Inc. will post 2.5376506 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACQ has been the subject of a number of analyst reports. Acumen Capital dropped their price target on shares of AutoCanada from C$21.50 to C$19.75 in a research report on Thursday, August 15th. BMO Capital Markets dropped their price objective on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating for the company in a report on Wednesday, August 14th. Royal Bank of Canada reduced their target price on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Cormark cut their price objective on shares of AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. Finally, Canaccord Genuity Group decreased their target price on shares of AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, AutoCanada currently has an average rating of “Hold” and a consensus price target 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.