What is Zacks Research's Estimate for PAG Q1 Earnings?

Penske Automotive Group, Inc. (NYSE:PAG - Free Report) - Research analysts at Zacks Research boosted their Q1 2027 earnings per share (EPS) estimates for shares of Penske Automotive Group in a research report issued on Tuesday, June 24th. Zacks Research analyst L. Sahu now forecasts that the company will earn $3.50 per share for the quarter, up from their prior forecast of $3.46. The consensus estimate for Penske Automotive Group's current full-year earnings is $13.86 per share. Zacks Research also issued estimates for Penske Automotive Group's FY2027 earnings at $15.06 EPS.

Penske Automotive Group (NYSE:PAG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.12. Penske Automotive Group had a return on equity of 17.80% and a net margin of 3.10%. The business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same period last year, the company posted $3.21 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Penske Automotive Group from $165.00 to $140.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Stephens reissued an "equal weight" rating and issued a $140.00 price objective on shares of Penske Automotive Group in a research report on Wednesday, June 11th. Bank of America lifted their target price on Penske Automotive Group from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Citigroup lifted their price objective on Penske Automotive Group from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Wall Street Zen raised Penske Automotive Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. One 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 stock. According to MarketBeat, Penske Automotive Group presently has an average rating of "Moderate Buy" and a consensus price target of $172.00.

Penske Automotive Group Stock Performance

Penske Automotive Group stock opened at $173.61 on Friday. The firm has a market capitalization of $11.49 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. Penske Automotive Group has a one year low of $134.05 and a one year high of $180.12. The stock's 50 day moving average price is $163.38 and its 200 day moving average price is $159.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.23 and a current ratio of 0.90.

Hedge Funds Weigh In On Penske Automotive Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Penske Automotive Group in the fourth quarter worth about $22,049,000. Moran Wealth Management LLC acquired a new stake in shares of Penske Automotive Group during the fourth quarter worth $14,157,000. Goldman Sachs Group Inc. increased its stake in Penske Automotive Group by 28.4% in the first quarter. Goldman Sachs Group Inc. now owns 380,267 shares of the company's stock valued at $54,751,000 after purchasing an additional 84,045 shares in the last quarter. Nuveen LLC bought a new stake in shares of Penske Automotive Group in the 1st quarter valued at $10,004,000. Finally, GAMMA Investing LLC raised its stake in Penske Automotive Group by 21,771.8% during the 1st quarter. GAMMA Investing LLC now owns 57,304 shares of the company's stock worth $8,251,000 after buying an additional 57,042 shares during the period. Institutional investors own 77.08% of the company's stock.

Insider Activity

In other news, CEO Roger S. Penske sold 77,357 shares of the business's 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 now directly owns 140,042 shares in the company, valued at approximately $22,598,577.54. The trade was a 35.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greg C. Smith sold 1,529 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $161.64, for a total transaction of $247,147.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,044 shares of company stock worth $13,257,948. 51.70% of the stock is owned by corporate insiders.

Penske Automotive Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 27th were paid a $1.26 dividend. This is a positive change from Penske Automotive Group's previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $5.04 dividend on an annualized basis and a yield of 2.90%. Penske Automotive Group's dividend payout ratio (DPR) is currently 35.49%.

Penske Automotive Group announced that its Board of Directors has initiated a stock repurchase program on Wednesday, May 14th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

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.

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