AutoCanada Inc. (TSE:ACQ) Insider EdgePoint Investment Group Inc. Buys 21,200 Shares

AutoCanada Inc. (TSE:ACQGet Free Report) insider EdgePoint Investment Group Inc. purchased 21,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was bought 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. bought 3,750 shares of AutoCanada stock. The shares were acquired at an average price of C$23.92 per share, for a total transaction of C$89,694.38.

AutoCanada Trading Down 1.8 %

Shares of ACQ stock opened at C$26.34 on Tuesday. AutoCanada Inc. has a 12-month low of C$15.14 and a 12-month high of C$27.54. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 396.08. The stock’s 50-day moving average price is C$22.37 and its 200-day moving average price is C$22.47. The stock has a market capitalization of C$621.89 million, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.30 and a beta of 2.60.

Wall Street Analysts Forecast Growth

ACQ has been the topic of several recent analyst reports. BMO Capital Markets cut their target price 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. Cormark set a C$35.00 price target on AutoCanada in a report on Tuesday, March 19th. National Bankshares decreased their price target on AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating on the stock in a report 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 report on Friday, March 8th. Finally, Canaccord Genuity Group decreased their price target on AutoCanada from C$22.00 to C$20.00 and set a “hold” rating on the stock in a report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, AutoCanada currently has an average rating of “Hold” and a consensus price target of C$27.65.

View Our Latest Analysis on ACQ

AutoCanada Company Profile

(Get Free Report)

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. 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, extended service contracts, and vehicle protection, after-market products, and auction services.

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