Penske Automotive Group (PAG) to Release Earnings on Wednesday

Penske Automotive Group (NYSE:PAG - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $3.64 per share and revenue of $7.98 billion for the quarter.

Penske Automotive Group (NYSE:PAG - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.12. The firm had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.68 billion. Penske Automotive Group had a return on equity of 17.80% and a net margin of 3.10%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 EPS. On average, analysts expect Penske Automotive Group to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Penske Automotive Group Trading Up 2.3%

Shares of NYSE PAG traded up $3.93 during trading hours on Friday, hitting $174.73. 103,409 shares of the company traded hands, compared to its average volume of 240,002. The company's 50 day moving average price is $170.75 and its 200 day moving average price is $162.43. Penske Automotive Group has a 12 month low of $134.05 and a 12 month high of $186.33. The company has a current ratio of 0.90, a quick ratio of 0.23 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 12.30 and a beta of 0.91.

Penske Automotive Group declared that its board has initiated a share buyback plan on Wednesday, May 14th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to buy up to 2.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Penske Automotive Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued a dividend of $1.32 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $5.28 dividend on an annualized basis and a yield of 3.02%. This is a boost from Penske Automotive Group's previous quarterly dividend of $1.26. Penske Automotive Group's payout ratio is presently 35.49%.

Analyst Ratings Changes

Several equities research analysts have weighed in on PAG shares. Citigroup upped their target price on Penske Automotive Group from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, May 19th. JPMorgan Chase & Co. decreased their price objective on Penske Automotive Group from $160.00 to $155.00 and set an "underweight" rating for the company in a research note on Thursday, July 17th. Bank of America increased their price target on Penske Automotive Group from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Stephens reiterated an "equal weight" rating and issued a $140.00 price target on shares of Penske Automotive Group in a research note on Wednesday, June 11th. Finally, Wall Street Zen upgraded Penske Automotive Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Penske Automotive Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.00.

Insider Buying and Selling

In other Penske Automotive Group news, EVP Shane M. Spradlin sold 3,158 shares of Penske Automotive Group stock in a transaction on Monday, June 9th. The stock was sold at an average price of $167.10, for a total value of $527,701.80. Following the sale, the executive vice president owned 36,152 shares in the company, valued at $6,040,999.20. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Roger S. Penske sold 77,357 shares of Penske Automotive Group stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $161.37, for a total value of $12,483,099.09. Following the completion of the sale, the chief executive officer owned 140,042 shares in the company, valued at $22,598,577.54. This represents a 35.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,044 shares of company stock worth $13,257,948. 51.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Penske Automotive Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in Penske Automotive Group by 28.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 380,267 shares of the company's stock valued at $54,751,000 after acquiring an additional 84,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Penske Automotive Group by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,884 shares of the company's stock valued at $9,918,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Penske Automotive Group in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 77.08% of the company's stock.

About Penske Automotive Group

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.