AutoCanada Inc. (TSE:ACQ – Get Free Report) insider EdgePoint Investment Group Inc. acquired 37,000 shares of AutoCanada stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of C$14.98 per share, for a total transaction of C$554,400.60.
EdgePoint Investment Group Inc. also recently made the following trade(s):
- On Wednesday, September 11th, EdgePoint Investment Group Inc. bought 18,100 shares of AutoCanada stock. The shares were bought at an average price 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 bought 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 shares were bought at an average cost of C$14.88 per share, with a total value of C$270,901.54.
- On Wednesday, August 21st, EdgePoint Investment Group Inc. purchased 7,600 shares of AutoCanada stock. The shares were purchased at an average cost of C$14.33 per share, with a total value of C$108,939.16.
AutoCanada Trading Up 2.3 %
AutoCanada stock traded up C$0.36 during midday trading on Monday, reaching C$15.84. The stock had a trading volume of 22,321 shares, compared to its average volume of 50,851. AutoCanada Inc. has a 52-week low of C$13.75 and a 52-week high of C$27.54. The company has a fifty day moving average of C$16.56 and a 200 day moving average of C$20.20. The firm has a market cap of C$367.33 million, a price-to-earnings ratio of -9.86, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38.
Analysts Set New Price Targets
A number of analysts have issued reports on ACQ shares. ATB Capital reduced their price objective on AutoCanada from C$25.00 to C$20.00 in a research note on Wednesday, August 14th. Canaccord Genuity Group reduced their price target on shares of 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. BMO Capital Markets lowered their price objective on shares of AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating for the company in a research report on Wednesday, August 14th. Royal Bank of Canada reduced their target price on shares of 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. Finally, CIBC lowered their price target on shares of AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, AutoCanada currently has a consensus rating of “Hold” and a consensus price target of C$19.11.
Read Our Latest Research Report on AutoCanada
About AutoCanada
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.
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