AutoCanada Inc. (TSE:ACQ) Insider EdgePoint Investment Group Inc. Buys 1,200 Shares

AutoCanada Inc. (TSE:ACQ) insider EdgePoint Investment Group Inc. acquired 1,200 shares of the stock in a transaction dated Monday, April 22nd. The stock was acquired at an average cost of C$23.95 per share, with a total value of C$28,740.00.

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

• On Friday, April 19th, EdgePoint Investment Group Inc. acquired 2,400 shares of AutoCanada stock. The stock was acquired at an average cost of C$24.00 per share, with a total value of C$57,588.00.
• On Tuesday, April 16th, EdgePoint Investment Group Inc. acquired 1,400 shares of AutoCanada stock. The stock was acquired at an average cost of C$23.83 per share, with a total value of C$33,362.00.
• On Friday, April 12th, EdgePoint Investment Group Inc. acquired 4,700 shares of AutoCanada stock. The stock was acquired at an average cost of C$23.75 per share, with a total value of C$111,604.79.
• On Tuesday, March 19th, EdgePoint Investment Group Inc. purchased 21,200 shares of AutoCanada stock. The shares were purchased at an average cost of C$26.64 per share, with a total value of C$564,865.52.
• On Wednesday, March 13th, EdgePoint Investment Group Inc. purchased 3,750 shares of AutoCanada stock. The shares were purchased at an average cost of C$23.92 per share, with a total value of C$89,694.38.

AutoCanada Price Performance

Shares of TSE:ACQ traded up C$0.20 during midday trading on Monday, reaching C$24.20. 73,892 shares of the company’s stock were exchanged, compared to its average volume of 32,180. The company’s 50 day simple moving average is C$23.87 and its two-hundred day simple moving average is C$22.49. The firm has a market capitalization of C$571.36 million, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.30 and a beta of 2.60. AutoCanada Inc. has a 12 month low of C$15.14 and a 12 month high of C$27.54. The company has a debt-to-equity ratio of 396.08, a quick ratio of 0.25 and a current ratio of 1.04.

AutoCanada (TSE:ACQ) last announced its earnings results on Thursday, March 7th. The company reported C$0.69 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.13. AutoCanada had a net margin of 0.78% and a return on equity of 10.23%. The company had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.43 billion. Equities research analysts expect that AutoCanada Inc. will post 3.0424469 earnings per share for the current fiscal year.

Analyst Ratings Changes

ACQ has been the subject of a number of recent research reports. CIBC lifted their price objective on AutoCanada from C$22.00 to C$25.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Scotiabank raised their price objective on AutoCanada from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Canaccord Genuity Group reduced their price target on shares of AutoCanada from C$22.00 to C$20.00 and set a “hold” rating for the company in a research report on Friday, March 8th. Cormark set a C$35.00 price objective on shares of AutoCanada in a research note on Tuesday, March 19th. Finally, Acumen Capital cut their target price on shares of AutoCanada from C$33.00 to C$24.50 and set a “speculative buy” rating on the stock in a research note on Friday, March 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$27.95.

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.