AutoCanada Inc. (TSE:ACQ – Get Free Report) insider EdgePoint Investment Group Inc. acquired 11,400 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average cost of C$14.33 per share, for a total transaction of C$163,349.46.
EdgePoint Investment Group Inc. also recently made the following trade(s):
- On Thursday, August 29th, EdgePoint Investment Group Inc. purchased 18,200 shares of AutoCanada stock. The shares were bought at an average price of C$14.88 per share, for a total transaction of C$270,901.54.
- On Wednesday, August 21st, EdgePoint Investment Group Inc. acquired 7,600 shares of AutoCanada stock. The stock was purchased at an average cost of C$14.33 per share, with a total value of C$108,939.16.
AutoCanada Stock Up 1.2 %
AutoCanada stock opened at C$14.79 on Thursday. The stock has a market cap of C$342.98 million, a PE ratio of -9.42, a P/E/G ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25. The stock’s fifty day moving average is C$17.17 and its two-hundred day moving average is C$20.54. AutoCanada Inc. has a 1-year low of C$13.75 and a 1-year high of C$27.54.
Analyst Upgrades and Downgrades
A number of brokerages have commented on ACQ. Cormark reduced their target price on shares of AutoCanada from C$25.50 to C$21.75 in a research note on Wednesday, August 14th. BMO Capital Markets decreased their price objective on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating on the stock in a report on Wednesday, August 14th. CIBC lowered their price objective on AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating for the company in a research report on Wednesday, August 14th. Acumen Capital lowered their price target on AutoCanada from C$21.50 to C$19.75 in a report on Thursday, August 15th. Finally, Royal Bank of Canada decreased 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 report on Wednesday, August 14th. One research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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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