Christopher Harris Purchases 1,000 Shares of AutoCanada Inc. (TSE:ACQ) Stock

AutoCanada Inc. (TSE:ACQ) Director Christopher Harris acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of C$19.25 per share, with a total value of C$19,250.00.

Christopher Harris also recently made the following trade(s):

• On Monday, June 17th, Christopher Harris bought 1,000 shares of AutoCanada stock. The shares were bought at an average cost of C$19.80 per share, for a total transaction of C$19,800.00.
• On Wednesday, May 29th, Christopher Harris bought 1,000 shares of AutoCanada stock. The shares were bought at an average cost of C$19.85 per share, for a total transaction of C$19,850.00.

AutoCanada Stock Performance

Shares of ACQ stock opened at C$19.45 on Thursday. The firm has a market cap of C$456.49 million, a price-to-earnings ratio of 11.86, a PEG ratio of 0.30 and a beta of 2.65. The company’s 50 day moving average is C$21.26 and its 200 day moving average is C$22.21. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 408.35. AutoCanada Inc. has a 52-week low of C$17.76 and a 52-week high of C$27.54.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.19). AutoCanada had a return on equity of 8.15% and a net margin of 0.64%. The firm had revenue of C$1.42 billion during the quarter, compared to analysts’ expectations of C$1.49 billion. On average, sell-side analysts anticipate that AutoCanada Inc. will post 1.7074165 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ACQ. Royal Bank of Canada reduced their target price on shares of AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Friday, May 3rd. Canaccord Genuity Group reduced their target price on shares of AutoCanada from C$20.00 to C$18.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Acumen Capital lowered shares of AutoCanada from a “speculative buy” rating to a “hold” rating and reduced their target price for the stock from C$24.50 to C$21.50 in a research report on Friday, May 3rd. Scotiabank reduced their target price on shares of AutoCanada from C$28.00 to C$25.50 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Finally, ATB Capital lowered shares of AutoCanada from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$62.00 to C$25.00 in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$23.00.

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.