NYSE:PAG

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

$156.25
-2.51 (-1.58%)
(As of 05/17/2024 ET)
Today's Range
$155.25
$158.22
50-Day Range
$147.47
$162.05
52-Week Range
$136.45
$180.84
Volume
211,065 shs
Average Volume
199,292 shs
Market Capitalization
$10.45 billion
P/E Ratio
10.87
Dividend Yield
2.23%
Price Target
$163.20

Penske Automotive Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.4% Upside
$163.20 Price Target
Short Interest
Bearish
14.09% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.61
Upright™ Environmental Score
News Sentiment
0.36mentions of Penske Automotive Group in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$246,480 Sold Last Quarter
Proj. Earnings Growth
2.32%
From $13.37 to $13.68 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.99 out of 5 stars

Retail/Wholesale Sector

115th out of 197 stocks

Automotive Dealers & Gasoline Service Stations Industry

11th out of 19 stocks

PAG stock logo

About Penske Automotive Group Stock (NYSE:PAG)

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. The company is also involved in the sale of new and used motor vehicles, maintenance and repair services, sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, replacement and aftermarket automotive products, collision repair services, and wholesale of parts. In addition, it operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as offers a range of used trucks. Further, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks and buses, and Dennis Eagle refuse collection vehicles with associated parts. Additionally, the company distributes diesel and gas engines, and power systems. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.

PAG Stock Price History

PAG Stock News Headlines

Penske Automotive Lifts Dividend 10%
PAG Penske Automotive Group, Inc.
PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
Penske Automotive Group Inc
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Last Earnings
4/30/2024
Today
5/17/2024
Ex-Dividend for 6/4 Dividend
5/17/2024
Dividend Payable
6/04/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Automotive Retail
CUSIP
70959W10
Employees
44,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$163.20
High Stock Price Target
$196.00
Low Stock Price Target
$115.00
Potential Upside/Downside
+4.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$1.05 billion
Pretax Margin
4.41%

Debt

Sales & Book Value

Annual Sales
$29.53 billion
Cash Flow
$17.94 per share
Book Value
$72.46 per share

Miscellaneous

Free Float
32,303,000
Market Cap
$10.45 billion
Optionable
Optionable
Beta
1.21
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PAG Stock Analysis - Frequently Asked Questions

Should I buy or sell Penske Automotive Group stock right now?

5 Wall Street 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 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PAG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAG, but not buy additional shares or sell existing shares.
View PAG analyst ratings
or view top-rated stocks.

What is Penske Automotive Group's stock price target for 2024?

5 equities research analysts have issued 12-month target prices for Penske Automotive Group's shares. Their PAG share price targets range from $115.00 to $196.00. On average, they anticipate the company's share price to reach $163.20 in the next year. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for PAG
or view top-rated stocks among Wall Street analysts.

How have PAG shares performed in 2024?

Penske Automotive Group's stock was trading at $160.51 at the start of the year. Since then, PAG stock has decreased by 2.7% and is now trading at $156.25.
View the best growth stocks for 2024 here
.

When is Penske Automotive Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our PAG earnings forecast
.

How were Penske Automotive Group's earnings last quarter?

Penske Automotive Group, Inc. (NYSE:PAG) released its earnings results on Tuesday, April, 30th. The company reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 by $0.14. The company earned $7.45 billion during the quarter, compared to analysts' expectations of $7.52 billion. Penske Automotive Group had a net margin of 3.27% and a trailing twelve-month return on equity of 21.72%. Penske Automotive Group's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.31 EPS.

How often does Penske Automotive Group pay dividends? What is the dividend yield for Penske Automotive Group?

Penske Automotive Group announced a quarterly dividend on Thursday, May 9th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.96 per share on Tuesday, June 4th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, May 17th. This is a positive change from the stock's previous quarterly dividend of $0.87.
Read our dividend analysis for PAG
.

Is Penske Automotive Group a good dividend stock?

Penske Automotive Group (NYSE:PAG) pays an annual dividend of $3.48 per share and currently has a dividend yield of 2.17%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 24.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAG will have a dividend payout ratio of 25.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAG.

What is Roger Penske's approval rating as Penske Automotive Group's CEO?

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.

What other stocks do shareholders of Penske Automotive Group own?

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).

Who are Penske Automotive Group's major shareholders?

Penske Automotive Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.04%), LSV Asset Management (1.79%), Burgundy Asset Management Ltd. (1.14%), Gamco Investors INC. ET AL (0.64%), Private Management Group Inc. (0.29%) and Price T Rowe Associates Inc. MD (0.28%). Insiders that own company stock include Greg C Smith, John Barr, Kimberly J Mcwaters, Michelle Hulgrave, Robert H Kurnick Jr, Roger S Penske, Sandra E Pierce and Shane M Spradlin.
View institutional ownership trends
.

How do I buy shares of Penske Automotive Group?

Shares of PAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PAG) was last updated on 5/17/2024 by MarketBeat.com Staff

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