AutoCanada Inc. (TSE:ACQ) Insider EdgePoint Investment Group Inc. Acquires 1,400 Shares

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. acquired 1,400 shares of AutoCanada stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of C$23.83 per share, with a total value of C$33,362.00.

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

• On Friday, April 12th, EdgePoint Investment Group Inc. bought 4,700 shares of AutoCanada stock. The stock was acquired at an average price of C$23.75 per share, for a total transaction of C$111,604.79.
• On Tuesday, March 19th, EdgePoint Investment Group Inc. purchased 21,200 shares of AutoCanada stock. The shares were bought at an average price of C$26.64 per share, with a total value of C$564,865.52.
• On Wednesday, March 13th, EdgePoint Investment Group Inc. bought 3,750 shares of AutoCanada stock. The stock was bought at an average price of C$23.92 per share, with a total value of C$89,694.38.

AutoCanada Stock Up 1.2 %

ACQ opened at C$24.45 on Tuesday. The firm has a market cap of C$577.26 million, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.30 and a beta of 2.60. 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 business has a 50 day moving average price of C$23.65 and a 200 day moving average price of C$22.52. AutoCanada Inc. has a twelve month low of C$15.14 and a twelve month high of C$27.54.

AutoCanada (TSE:ACQ) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.69 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.13. The business had revenue of C$1.48 billion during the quarter, compared to analysts’ expectations of C$1.43 billion. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. Research analysts forecast that AutoCanada Inc. will post 3.0424469 EPS for the current year.

Analysts Set New Price Targets

ACQ has been the topic of several research analyst reports. Scotiabank boosted their price target on shares of AutoCanada from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 8th. BMO Capital Markets dropped 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 report on Friday, March 8th. National Bankshares lowered their price target on AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating for the company in a research note on Friday, March 8th. Acumen Capital dropped their price objective on AutoCanada from C$33.00 to C$24.50 and set a “speculative buy” rating on the stock in a report on Friday, March 8th. Finally, Canaccord Genuity Group reduced their target price on shares of AutoCanada from C$22.00 to C$20.00 and set a “hold” rating for the company in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, AutoCanada presently has an average rating of “Hold” and a consensus price target of C$27.95.

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.