AutoCanada Inc. (TSE:ACQ) Insider EdgePoint Investment Group Inc. Buys 18,200 Shares of Stock

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. purchased 18,200 shares of AutoCanada stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average price of C$14.88 per share, for a total transaction of C$270,901.54.

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

• On Wednesday, August 21st, EdgePoint Investment Group Inc. acquired 7,600 shares of AutoCanada stock. The stock was acquired at an average price of C$14.33 per share, for a total transaction of C$108,939.16.

AutoCanada Trading Down 6.5 %

AutoCanada stock opened at C$13.90 on Wednesday. AutoCanada Inc. has a 12 month low of C$13.75 and a 12 month high of C$27.54. The company has a market capitalization of C$322.34 million, a price-to-earnings ratio of -8.85, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The business’s fifty day simple moving average is C$17.67 and its two-hundred day simple moving average is C$20.79. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Acumen Capital dropped their price target on AutoCanada from C$21.50 to C$19.75 in a research note on Thursday, August 15th. Royal Bank of Canada cut 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 research note on Wednesday, August 14th. Canaccord Genuity Group decreased their price target on shares of AutoCanada from C$18.00 to C$15.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. BMO Capital Markets cut their price objective on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating on the stock in a research report on Wednesday, August 14th. Finally, National Bankshares lowered their target price on AutoCanada from C$20.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$19.11.

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.