Equities Analysts Offer Predictions for PAG FY2025 Earnings

Penske Automotive Group, Inc. (NYSE:PAG - Free Report) - Research analysts at Seaport Res Ptn lifted their FY2025 earnings estimates for shares of Penske Automotive Group in a research report issued on Sunday, April 20th. Seaport Res Ptn analyst G. Chin now anticipates that the company will earn $13.78 per share for the year, up from their previous estimate of $13.60. The consensus estimate for Penske Automotive Group's current full-year earnings is $13.86 per share.

Penske Automotive Group (NYSE:PAG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $3.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.17. The company had revenue of $7.72 billion for the quarter, compared to analysts' expectations of $7.56 billion. Penske Automotive Group had a net margin of 3.02% and a return on equity of 18.05%.

Several other equities analysts have also recently weighed in on PAG. Citigroup assumed coverage on shares of Penske Automotive Group in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $185.00 price objective on the stock. StockNews.com upgraded shares of Penske Automotive Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on shares of Penske Automotive Group from $165.00 to $140.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $165.00 price objective on shares of Penske Automotive Group in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.00.

Penske Automotive Group Stock Performance

Penske Automotive Group stock traded down $0.39 during mid-day trading on Wednesday, reaching $156.91. 75,728 shares of the stock traded hands, compared to its average volume of 194,909. Penske Automotive Group has a 12-month low of $134.05 and a 12-month high of $180.12. The business's 50-day moving average is $154.45 and its 200-day moving average is $158.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. The stock has a market capitalization of $10.47 billion, a PE ratio of 11.41 and a beta of 1.03.

Penske Automotive Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.11%. This is a positive change from Penske Automotive Group's previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Monday, February 24th. Penske Automotive Group's dividend payout ratio (DPR) is presently 35.49%.

Insiders Place Their Bets

In related news, Director John Barr sold 1,529 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $155.45, for a total transaction of $237,683.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claude H. Denker III sold 8,746 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $173.03, for a total value of $1,513,320.38. Following the transaction, the executive vice president now owns 28,917 shares in the company, valued at approximately $5,003,508.51. This trade represents a 23.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 51.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Penske Automotive Group

Several hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Penske Automotive Group in the 4th quarter valued at about $22,049,000. Moran Wealth Management LLC purchased a new stake in shares of Penske Automotive Group during the 4th quarter worth $14,157,000. GAMMA Investing LLC increased its holdings in shares of Penske Automotive Group by 21,771.8% in the 1st quarter. GAMMA Investing LLC now owns 57,304 shares of the company's stock valued at $8,251,000 after purchasing an additional 57,042 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Penske Automotive Group by 24.4% in the fourth quarter. Bank of New York Mellon Corp now owns 263,571 shares of the company's stock valued at $40,179,000 after purchasing an additional 51,720 shares during the period. Finally, Millennium Management LLC boosted its holdings in Penske Automotive Group by 43.9% during the fourth quarter. Millennium Management LLC now owns 128,283 shares of the company's stock worth $19,555,000 after buying an additional 39,113 shares in the last quarter. 77.08% of the stock is owned by institutional investors and hedge funds.

Penske Automotive Group Company Profile

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.