AutoCanada Inc. (TSE:ACQ – Get Free Report) insider EdgePoint Investment Group Inc. acquired 18,200 shares of AutoCanada stock in a transaction that occurred on Thursday, August 29th. The stock was acquired at an average price of C$14.88 per share, with a total value 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, with a total value of C$108,939.16.
AutoCanada Price Performance
Shares of ACQ stock opened at C$14.02 on Friday. AutoCanada Inc. has a twelve month low of C$13.75 and a twelve month high of C$27.54. The stock has a market capitalization of C$325.12 million, a price-to-earnings ratio of -8.93, a P/E/G ratio of 0.30 and a beta of 2.54. The stock has a fifty day simple moving average of C$17.45 and a two-hundred day simple moving average of C$20.70. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38.
Analyst Upgrades and Downgrades
ACQ has been the subject of a number of recent research reports. ATB Capital cut their price target on AutoCanada from C$25.00 to C$20.00 in a research note on Wednesday, August 14th. Cormark lowered their price target on AutoCanada from C$25.50 to C$21.75 in a report on Wednesday, August 14th. Canaccord Genuity Group reduced their price objective on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Royal Bank of Canada reduced their price objective on 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. Finally, Acumen Capital cut their target price on AutoCanada from C$21.50 to C$19.75 in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$19.11.
View Our Latest Stock Analysis on ACQ
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.
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