EdgePoint Investment Group Inc. Acquires 1,200 Shares of AutoCanada Inc. (TSE:ACQ) Stock

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

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

• On Friday, April 19th, EdgePoint Investment Group Inc. purchased 2,400 shares of AutoCanada stock. The stock was bought at an average price of C$24.00 per share, with a total value of C$57,588.00.
• On Tuesday, April 16th, EdgePoint Investment Group Inc. purchased 1,400 shares of AutoCanada stock. The stock was bought at an average price of C$23.83 per share, with a total value of C$33,362.00.
• On Friday, April 12th, EdgePoint Investment Group Inc. purchased 4,700 shares of AutoCanada stock. The stock was bought at an average price 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 stock was bought at an average price 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 stock was bought at an average price of C$23.92 per share, with a total value of C$89,694.38.

AutoCanada Trading Up 0.8 %

Shares of AutoCanada stock traded up C$0.20 on Monday, hitting C$24.20. 73,892 shares of the company traded hands, compared to its average volume of 32,180. The company has a market cap of C$571.36 million, a PE ratio of 11.60, a PEG ratio of 0.30 and a beta of 2.60. AutoCanada Inc. has a 52 week low of C$15.14 and a 52 week high of C$27.54. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 396.08. The stock’s 50 day moving average price is C$23.87 and its 200-day moving average price is C$22.49.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Canaccord Genuity Group dropped their price target on 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. National Bankshares dropped their target price on AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating for the company in a research report on Friday, March 8th. Cormark set a C$35.00 target price on AutoCanada in a research report on Tuesday, March 19th. BMO Capital Markets dropped their target price on AutoCanada from C$24.00 to C$23.00 and set a “market perform” rating for the company in a research report on Friday, March 8th. Finally, Acumen Capital dropped their target price on AutoCanada from C$33.00 to C$24.50 and set a “speculative buy” rating for the company in a research report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.