NYSE:PAG - Penske Automotive Group Stock Price, Forecast & News

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

Penske Automotive Group declared a quarterly dividend on Wednesday, October 16th. Investors of record on Friday, November 8th will be given a dividend of $0.41 per share on Tuesday, December 3rd. This represents a $1.64 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from Penske Automotive Group's previous quarterly dividend of $0.40. View Penske Automotive Group's Dividend History.

Penske Automotive Group, Inc. (NYSE:PAG) announced its quarterly earnings results on Tuesday, October, 29th. The company reported $1.42 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.41 by $0.01. The firm earned $5.97 billion during the quarter, compared to analyst estimates of $5.89 billion. Penske Automotive Group had a net margin of 1.91% and a return on equity of 16.40%. The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 earnings per share. View Penske Automotive Group's Earnings History.

Penske Automotive Group is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Penske Automotive Group.

4 brokerages have issued 1-year price targets for Penske Automotive Group's shares. Their forecasts range from $51.00 to $61.00. On average, they expect Penske Automotive Group's stock price to reach $57.00 in the next year. This suggests a possible upside of 9.2% from the stock's current price. View Analyst Price Targets for Penske Automotive Group.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Penske Automotive Group.

Press coverage about PAG stock has trended negative on Thursday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Penske Automotive Group earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Penske Automotive Group.

Penske Automotive Group saw a decrease in short interest during the month of November. As of November 29th, there was short interest totalling 5,300,000 shares, a decrease of 7.0% from the November 14th total of 5,700,000 shares. Based on an average trading volume of 299,200 shares, the days-to-cover ratio is presently 17.7 days. Currently, 16.0% of the company's shares are sold short. View Penske Automotive Group's Current Options Chain.

Some companies that are related to Penske Automotive Group include O'Reilly Automotive (ORLY), AutoZone (AZO), CarMax (KMX), Advance Auto Parts (AAP), AutoNation (AN), Lithia Motors (LAD), Monro (MNRO), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Sonic Automotive (SAH), PROSPECT CAPITAL 6.25 NTS (PBY) and America's Car-Mart (CRMT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Penske Automotive Group investors own include salesforce.com (CRM), Alaska Air Group (ALK), Signet Jewelers (SIG), L Brands (LB), Harman International Industries (HAR), Schlumberger (SLB), Lululemon Athletica (LULU), Novartis (NVS), Intel (INTC) and Blackstone Group (BX).

Penske Automotive Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (0.81%), Gamco Investors INC. ET AL (0.63%), Fenimore Asset Management Inc. (0.50%), Keeley Teton Advisors LLC (0.22%), First Trust Advisors LP (0.20%) and Squarepoint Ops LLC (0.14%). Company insiders that own Penske Automotive Group stock include & Co Ltd Mitsui, H Brian Thompson, John Barr, John D Jr Carlson, Kimberly J Mcwaters, Robert H Kurnick Jr and Shane M Spradlin. View Institutional Ownership Trends for Penske Automotive Group.

PAG stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, State of New Jersey Common Pension Fund D, Man Group plc, First Trust Advisors LP, Voya Investment Management LLC, Russell Investments Group Ltd., Virginia Retirement Systems ET AL and Keeley Teton Advisors LLC. Company insiders that have sold Penske Automotive Group company stock in the last year include John Barr, John D Jr Carlson, Kimberly J Mcwaters, Robert H Kurnick Jr and Shane M Spradlin. View Insider Buying and Selling for Penske Automotive Group.

PAG stock was bought by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC, KCM Investment Advisors LLC, Voloridge Investment Management LLC, Fenimore Asset Management Inc., California Public Employees Retirement System, Trust Co. of Vermont, First Hawaiian Bank and Mackay Shields LLC. View Insider Buying and Selling for Penske Automotive Group.

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

One share of PAG stock can currently be purchased for approximately $52.22.

Penske Automotive Group has a market capitalization of $4.23 billion and generates $22.79 billion in revenue each year. The company earns $471 million in net income (profit) each year or $5.34 on an earnings per share basis. Penske Automotive Group employs 27,000 workers across the globe.View Additional Information About Penske Automotive Group.

The official website for Penske Automotive Group is http://www.penskeautomotive.com/.

Penske Automotive Group's mailing address is 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI, 48302. The company can be reached via phone at 248-648-2500 or via email at [email protected]