Penske Automotive Group (PAG) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" PAG shares.
View PAG analyst ratings or view top-rated stocks.

4 brokers have issued 12-month target prices for Penske Automotive Group's shares. Their PAG share price forecasts range from $107.00 to $205.00. On average, they expect the company's stock price to reach $166.60 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
View analysts price targets for PAG or view top-rated stocks among Wall Street analysts.

Penske Automotive Group's stock was trading at $114.93 at the beginning of 2023. Since then, PAG shares have increased by 43.4% and is now trading at $164.84.
View the best growth stocks for 2023 here.

Penske Automotive Group saw a increase in short interest in August. As of August 15th, there was short interest totaling 3,950,000 shares, an increase of 20.4% from the July 31st total of 3,280,000 shares. Based on an average trading volume of 390,400 shares, the short-interest ratio is currently 10.1 days. Approximately 21.2% of the shares of the stock are sold short.
View Penske Automotive Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our PAG earnings forecast.

Penske Automotive Group, Inc. (NYSE:PAG) announced its earnings results on Wednesday, July, 26th. The company reported $4.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.98 by $0.43. The firm had revenue of $7.47 billion for the quarter, compared to analysts' expectations of $7.20 billion. Penske Automotive Group had a trailing twelve-month return on equity of 29.07% and a net margin of 4.30%. Penske Automotive Group's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.93 EPS.

Penske Automotive Group announced a quarterly dividend on Wednesday, July 19th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.72 per share on Friday, September 1st. This represents a $2.88 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for PAG.

ETFs with the largest weight of Penske Automotive Group (NYSE:PAG) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), Cambria Shareholder Yield ETF (SYLD), Qraft AI-Enhanced Next Value ETF (NVQ), SPDR S&P Retail ETF (XRT), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and AdvisorShares Insiders Advantage ETF (SURE).

Penske Automotive Group (NYSE:PAG) pays an annual dividend of $2.88 per share and currently has a dividend yield of 1.78%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAG will have a dividend payout ratio of 18.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAG.

60 employees have rated Penske Automotive Group Chief Executive Officer Roger Penske on Glassdoor.com. Roger Penske has an approval rating of 98% among the company's employees. This puts Roger Penske in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Penske Automotive Group investors own include Salesforce (CRM), Alaska Air Group (ALK), Signet Jewelers (SIG), Intel (INTC), JPMorgan Chase & Co. (JPM), L Brands (LB), Schlumberger (SLB), AbbVie (ABBV), Walt Disney (DIS) and Lululemon Athletica (LULU).

Penske Automotive Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAG."

Penske Automotive Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.85%), LSV Asset Management (2.17%), BlackRock Inc. (1.76%), Burgundy Asset Management Ltd. (1.52%), Gamco Investors INC. ET AL (0.67%) and State Street Corp (0.63%). Insiders that own company stock include Claude H Denker III, John Barr, John D Jr Carlson, Kimberly J Mcwaters, Michelle Hulgrave, Robert H Kurnick Jr, Roger S Penske and Shane M Spradlin.
View institutional ownership trends.

Shares of PAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PAG stock can currently be purchased for approximately $164.84.

Penske Automotive Group (NYSE:PAG) has a market capitalization of $11.09 billion and generates $27.81 billion in revenue each year. The company earns $1.38 billion in net income (profit) each year or $17.54 on an earnings per share basis.

The company employs 41,500 workers across the globe.

Penske Automotive Group's mailing address is 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI, 48302. The official website for the company is www.penskeautomotive.com. The company can be reached via phone at (248) 648-2500, via email at tpordon@penskeautomotive.com, or via fax at 248-648-2525.