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NYSE:PAG

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

$146.02
+0.86 (+0.59%)
(As of 01:01 PM ET)
Today's Range
$143.76
$147.59
50-Day Range
$145.16
$164.05
52-Week Range
$128.37
$180.84
Volume
77,921 shs
Average Volume
195,087 shs
Market Capitalization
$9.81 billion
P/E Ratio
9.43
Dividend Yield
2.38%
Price Target
$166.60

Penske Automotive Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
13.8% Upside
$166.60 Price Target
Short Interest
Bearish
14.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.61
Upright™ Environmental Score
News Sentiment
0.49mentions of Penske Automotive Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.57 M Sold Last Quarter
Proj. Earnings Growth
1.82%
From $14.80 to $15.07 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.

3.68 out of 5 stars

Retail/Wholesale Sector

75th out of 208 stocks

Automotive Dealers & Gasoline Service Stations Industry

7th 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 in the United States and internationally. 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

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Penske (PAG) Misses on Q4 Earnings, Raises Dividend
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Penske Automotive Group Inc PAG
11 Undervalued Stocks Picked by Billionaire Gabelli
PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND BY 10%
See More Headlines
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Company Calendar

Ex-Dividend for 12/1 Dividend
11/09/2023
Dividend Payable
12/01/2023
Last Earnings
2/07/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Today
2/21/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
Automotive Retail
CUSIP
70959W10
Employees
41,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$166.60
High Stock Price Target
$205.00
Low Stock Price Target
$107.00
Potential Upside/Downside
+14.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$1.05 billion
Pretax Margin
4.81%

Debt

Sales & Book Value

Annual Sales
$29.53 billion
Cash Flow
$17.88 per share
Book Value
$70.75 per share

Miscellaneous

Free Float
35,892,000
Market Cap
$9.76 billion
Optionable
Optionable
Beta
1.19
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PAG Stock Analysis - Frequently Asked Questions

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

4 Wall Street equities 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 equities research analysts is that investors should "reduce" PAG shares.
View PAG analyst ratings
or view top-rated stocks.

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

4 equities research analysts have issued twelve-month price objectives for Penske Automotive Group's stock. Their PAG share price targets range from $107.00 to $205.00. On average, they anticipate the company's stock price to reach $166.60 in the next year. This suggests a possible upside of 13.8% 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 on January 1st, 2024. Since then, PAG stock has decreased by 8.8% and is now trading at $146.36.
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, April 24th 2024.
View our PAG earnings forecast
.

How were Penske Automotive Group's earnings last quarter?

Penske Automotive Group, Inc. (NYSE:PAG) announced its quarterly earnings data on Wednesday, February, 7th. The company reported $3.45 EPS for the quarter, missing analysts' consensus estimates of $3.66 by $0.21. The business earned $7.27 billion during the quarter, compared to analysts' expectations of $7.18 billion. Penske Automotive Group had a net margin of 3.57% and a trailing twelve-month return on equity of 24.19%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.21 earnings per share.

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

Penske Automotive Group declared a quarterly dividend on Wednesday, January 17th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.87 per share on Friday, March 1st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, February 14th. This is an increase from the stock's previous quarterly dividend of $0.79.
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 2.33%. 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 22.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAG will have a dividend payout ratio of 23.09% 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 institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.04%), Vanguard Group Inc. (3.03%), LSV Asset Management (1.90%), Burgundy Asset Management Ltd. (1.12%), Gamco Investors INC. ET AL (0.64%) and Goldman Sachs Group Inc. (0.45%). Insiders that own company stock include Claude H Denker III, 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 2/21/2024 by MarketBeat.com Staff