Zacks Research Has Positive Outlook for PAG Q3 Earnings

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Penske Automotive Group to $3.48, up from $3.47, while projecting full-year 2026 earnings of $13.65 per share.
• Penske recently exceeded quarterly expectations, reporting $3.62 EPS versus the $3.42 consensus and revenue of $8.51 billion, up 11.1% year over year.
• The company increased its quarterly dividend to $1.44 per share, equal to an annualized $5.76 payout and a 2.6% yield; analysts maintain a “Moderate Buy” consensus with an average $207.88 price target.

Penske Automotive Group, Inc. (NYSE:PAG - Free Report) - Zacks Research raised their Q3 2026 earnings estimates for Penske Automotive Group in a report released on Wednesday, August 12th. Zacks Research analyst Team now expects that the company will earn $3.48 per share for the quarter, up from their previous estimate of $3.47. The consensus estimate for Penske Automotive Group's current full-year earnings is $13.57 per share. Zacks Research also issued estimates for Penske Automotive Group's Q4 2026 earnings at $3.50 EPS, FY2026 earnings at $13.65 EPS, Q1 2027 earnings at $3.38 EPS, Q3 2027 earnings at $3.57 EPS, Q4 2027 earnings at $3.65 EPS, FY2027 earnings at $14.15 EPS and Q1 2028 earnings at $3.70 EPS.

Penske Automotive Group (NYSE:PAG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.62 EPS for the quarter, topping the consensus estimate of $3.42 by $0.20. The business had revenue of $8.51 billion during the quarter, compared to analyst estimates of $7.98 billion. Penske Automotive Group had a net margin of 2.81% and a return on equity of 14.78%. Penske Automotive Group's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $3.78 earnings per share.

Other research analysts have also recently issued reports about the company. Citigroup cut Penske Automotive Group from a "buy" rating to a "neutral" rating and raised their target price for the stock from $199.00 to $210.00 in a research report on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on Penske Automotive Group from $170.00 to $215.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Benchmark downgraded Penske Automotive Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Bank of America boosted their target price on Penske Automotive Group from $200.00 to $238.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Finally, UBS Group set a $190.00 price objective on Penske Automotive Group in a research report on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $207.88.

Penske Automotive Group Stock Up 0.7%

Shares of Penske Automotive Group stock opened at $218.20 on Thursday. The stock has a market capitalization of $14.33 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.84. Penske Automotive Group has a 52-week low of $140.12 and a 52-week high of $227.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.21 and a current ratio of 0.98. The company has a 50-day simple moving average of $194.37 and a two-hundred day simple moving average of $171.87.

Penske Automotive Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $1.44 per share. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from Penske Automotive Group's previous quarterly dividend of $1.42. This represents a $5.76 dividend on an annualized basis and a yield of 2.6%. Penske Automotive Group's dividend payout ratio is 42.42%.

Insider Transactions at Penske Automotive Group

In other Penske Automotive Group news, Director Greg C. Smith sold 1,488 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $160.02, for a total transaction of $238,109.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michelle Hulgrave sold 1,500 shares of Penske Automotive Group stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $171.80, for a total transaction of $257,700.00. Following the completion of the transaction, the chief financial officer directly owned 17,596 shares in the company, valued at approximately $3,022,992.80. The trade was a 7.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 52.90% of the company's stock.

Institutional Investors Weigh In On Penske Automotive Group

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in shares of Penske Automotive Group by 28.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 380,267 shares of the company's stock valued at $54,751,000 after buying an additional 84,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 buying an additional 3,100 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Penske Automotive Group in the 1st quarter valued at about $42,000. EverSource Wealth Advisors LLC boosted its holdings in Penske Automotive Group by 506.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 880 shares of the company's stock worth $151,000 after buying an additional 735 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in Penske Automotive Group by 47.0% during the 2nd quarter. Brown Advisory Inc. now owns 3,108 shares of the company's stock worth $534,000 after buying an additional 994 shares in the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.

About Penske Automotive Group

Penske Automotive Group, Inc NYSE: PAG, headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.

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