Zacks Research Issues Positive Forecast for PAG Earnings

Penske Automotive Group, Inc. (NYSE:PAG - Free Report) - Analysts at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for shares of Penske Automotive Group in a note issued to investors on Tuesday, June 24th. Zacks Research analyst L. Sahu now expects that the company will post earnings of $3.50 per share for the quarter, up from their prior estimate 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.

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

Penske Automotive Group Stock Performance

PAG stock traded down $1.37 on Friday, hitting $171.99. The company had a trading volume of 172,748 shares, compared to its average volume of 204,815. The company has a current ratio of 0.90, a quick ratio of 0.23 and a debt-to-equity ratio of 0.18. Penske Automotive Group has a 12-month low of $134.05 and a 12-month high of $244.00. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.67 and a beta of 0.92. The stock's 50-day simple moving average is $163.81 and its 200 day simple moving average is $159.79.

Penske Automotive Group (NYSE:PAG - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $7.68 billion. Penske Automotive Group had a net margin of 3.10% and a return on equity of 17.80%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.21 earnings per share.

Hedge Funds Weigh In On Penske Automotive Group

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Penske Automotive Group during the 4th quarter valued at $40,000. Acadian Asset Management LLC purchased a new stake in Penske Automotive Group in the 1st quarter worth $42,000. UMB Bank n.a. raised its holdings in Penske Automotive Group by 421.5% during the first quarter. UMB Bank n.a. now owns 339 shares of the company's stock valued at $49,000 after acquiring an additional 274 shares during the period. GAMMA Investing LLC lifted its position in shares of Penske Automotive Group by 51.9% in the first quarter. GAMMA Investing LLC now owns 398 shares of the company's stock valued at $57,000 after acquiring an additional 136 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Penske Automotive Group by 353.0% in the first quarter. Brooklyn Investment Group now owns 453 shares of the company's stock valued at $65,000 after acquiring an additional 353 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Penske Automotive Group

In other Penske Automotive Group news, Director Greg C. Smith sold 1,529 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $161.64, for a total transaction of $247,147.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Shane M. Spradlin sold 3,158 shares of Penske Automotive Group stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $167.10, for a total transaction of $527,701.80. Following the transaction, the executive vice president now directly owns 36,152 shares in the company, valued at $6,040,999.20. This represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,044 shares of company stock valued at $13,257,948. Company insiders own 52.40% of the company's stock.

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

Penske Automotive Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 27th were issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 2.93%. The ex-dividend date was Tuesday, May 27th. This is a positive change from Penske Automotive Group's previous quarterly dividend of $1.22. Penske Automotive Group's payout ratio is currently 35.49%.

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.