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

AutoCanada Inc. (TSE:ACQGet Free Report) Director Christopher Harris purchased 1,000 shares of AutoCanada stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average cost of C$19.85 per share, for a total transaction of C$19,850.00.

AutoCanada Stock Down 0.1 %

TSE:ACQ opened at C$19.91 on Friday. The company’s 50-day simple moving average is C$23.35 and its 200-day simple moving average is C$21.98. The stock has a market capitalization of C$467.29 million, a P/E ratio of 12.14, a P/E/G ratio of 0.30 and a beta of 2.65. The company has a debt-to-equity ratio of 408.35, a quick ratio of 0.25 and a current ratio of 1.05. AutoCanada Inc. has a fifty-two week low of C$16.60 and a fifty-two week high of C$27.54.

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. CIBC downgraded shares of AutoCanada from a “neutral” rating to an “underperform” rating and cut their target price for the company from C$25.00 to C$18.00 in a research report on Friday, May 3rd. Scotiabank cut 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. BMO Capital Markets cut their target price on shares of AutoCanada from C$23.00 to C$21.00 in a research report on Monday, May 6th. Canaccord Genuity Group cut 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. Finally, Acumen Capital downgraded shares of AutoCanada from a “speculative buy” rating to a “hold” rating and cut their target price for the company from C$24.50 to C$21.50 in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, AutoCanada presently has a consensus rating of “Hold” and an average target price of C$23.00.

Read Our Latest Stock Report on ACQ

About AutoCanada

(Get Free Report)

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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