AutoCanada Inc. (TSE:ACQ) Director Acquires C$72,400.00 in Stock

AutoCanada Inc. (TSE:ACQ) Director Christopher Harris bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of C$14.48 per share, for a total transaction of C$72,400.00.

Christopher Harris also recently made the following trade(s):

• On Tuesday, June 25th, Christopher Harris purchased 1,000 shares of AutoCanada stock. The shares were bought at an average cost of C$19.25 per share, for a total transaction of C$19,250.00.
• On Monday, June 17th, Christopher Harris bought 1,000 shares of AutoCanada stock. The stock was purchased at an average cost of C$19.80 per share, for a total transaction of C$19,800.00.
• On Wednesday, May 29th, Christopher Harris bought 1,000 shares of AutoCanada stock. The stock was purchased at an average price of C$19.85 per share, with a total value of C$19,850.00.

AutoCanada Trading Up 1.3 %

TSE ACQ traded up C$0.20 during trading hours on Thursday, reaching C$15.11. The company’s stock had a trading volume of 102,287 shares, compared to its average volume of 44,269. The firm has a fifty day simple moving average of C$19.21 and a 200-day simple moving average of C$21.47. The company has a debt-to-equity ratio of 408.35, a current ratio of 1.05 and a quick ratio of 0.25. AutoCanada Inc. has a 52 week low of C$14.20 and a 52 week high of C$27.54. The stock has a market cap of C$354.63 million, a P/E ratio of 9.09, a P/E/G ratio of 0.30 and a beta of 2.54.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Scotiabank decreased their price objective on shares of AutoCanada from C$28.00 to C$25.50 and set an “outperform” rating on the stock in a research note on Monday, May 6th. BMO Capital Markets decreased their price target on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating on the stock in a research note on Wednesday. Canaccord Genuity Group dropped their price objective on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Wednesday. Acumen Capital cut AutoCanada from a “speculative buy” rating to a “hold” rating and decreased their target price for the company from C$24.50 to C$21.50 in a research report on Friday, May 3rd. Finally, Atb Cap Markets downgraded AutoCanada from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, AutoCanada currently has a consensus rating of “Hold” and a consensus price target of C$19.31.

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.