Penske Automotive Group, Inc. operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand. The company engages in the sale of new and used motor vehicles of approximately 40 brands; and provision of vehicle services and collision repair services. In addition, it is involved in the sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, and replacement and aftermarket automotive products. Further, the company distributes commercial vehicles and parts to a network of approximately 70 dealership locations, including 8 company-owned retail commercial vehicle dealerships. As of December 31, 2017, it operated 343 automotive retail franchises, of which 155 franchises are located in the United States; and 188 franchises are located outside of the United States primarily in the United Kingdom. The company also operated 20 dealerships locations of heavy and medium duty trucks, offering primarily Freightliner and Western Star branded trucks, as well as a range of used trucks, and services and parts. Penske Automotive Group, Inc. is headquartered in Bloomfield Hills, Michigan.
Industry, Sector and Symbol
Industry Automotive dealers & gasoline service stations
Sub-IndustryAutomotive Retail
SectorRetail/Wholesale
SymbolNYSE:PAG
CUSIP70959W10
Phone248-648-2500
Debt
Debt-to-Equity Ratio0.86
Current Ratio1.01
Quick Ratio0.23
Price-To-Earnings
Trailing P/E Ratio11.81
Forward P/E Ratio9.79
P/E Growth1.38
Sales & Book Value
Annual Sales$21.39 billion
Price / Sales0.20
Cash Flow$5.3365 per share
Price / Cash9.48
Book Value$28.31 per share
Price / Book1.79
Profitability
EPS (Most Recent Fiscal Year)$4.31
Net Income$613.30 million
Net Margins2.90%
Return on Equity17.56%
Return on Assets3.84%
Miscellaneous
Employees26,000
Outstanding Shares84,970,000
Penske Automotive Group (NYSE:PAG) Frequently Asked Questions
What is Penske Automotive Group's stock symbol?
Penske Automotive Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAG."
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 10th. Investors of record on Monday, May 21st will be paid a dividend of $0.35 per share on Friday, June 1st. This represents a $1.40 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, May 18th. This is a boost from Penske Automotive Group's previous quarterly dividend of $0.34. View Penske Automotive Group's Dividend History.
How will Penske Automotive Group's stock buyback program work?
Penske Automotive Group announced that its board has approved a stock repurchase plan on Thursday, October 26th 2017, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
How were Penske Automotive Group's earnings last quarter?
Penske Automotive Group, Inc. (NYSE:PAG) posted its earnings results on Wednesday, April, 25th. The company reported $1.25 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.13 by $0.12. The business earned $5.75 billion during the quarter, compared to analyst estimates of $5.32 billion. Penske Automotive Group had a return on equity of 17.56% and a net margin of 2.90%. The business's quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. View Penske Automotive Group's Earnings History.
When is Penske Automotive Group's next earnings date?
What price target have analysts set for PAG?
8 Wall Street analysts have issued 1-year target prices for Penske Automotive Group's shares. Their forecasts range from $46.00 to $69.00. On average, they expect Penske Automotive Group's stock price to reach $55.2857 in the next twelve months. View Analyst Ratings for Penske Automotive Group.
Who are some of Penske Automotive Group's key competitors?
Some companies that are related to Penske Automotive Group include Copart (CPRT), CarMax (KMX), KAR Auction Services (KAR), Carvana (CVNA), AutoNation (AN), Casey's General Stores (CASY), Murphy USA (MUSA), Lithia Motors (LAD), Camping World (CWH), Rush Enterprises (RUSHA), Rush Enterprises (RUSHB), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Fincera (YUANF) and Sonic Automotive (SAH).
Who are Penske Automotive Group's key executives?
Penske Automotive Group's management team includes the folowing people:
- Mr. Roger S. Penske Sr., Chairman, CEO & Diector (Age 81)
- Mr. Robert H. Kurnick Jr., Pres & Director (Age 56)
- Mr. John D. Carlson Jr., Exec. VP, & CFO (Age 48)
- Mr. Shane M. Spradlin, Exec. VP, Gen. Counsel & Sec. (Age 48)
- Mr. Claude H. Denker III, Exec. VP of HR (Age 59)
Has Penske Automotive Group been receiving favorable news coverage?
Press coverage about PAG stock has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Penske Automotive Group earned a coverage optimism score of 0.10 on Accern's scale. They also assigned news articles about the company an impact score of 45.85 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Penske Automotive Group's major shareholders?
Penske Automotive Group's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.74%), Dimensional Fund Advisors LP (3.63%), LSV Asset Management (3.11%), Burgundy Asset Management Ltd. (2.52%), Victory Capital Management Inc. (2.18%) and Fiduciary Management Inc. WI (2.15%). Company insiders that own Penske Automotive Group stock include & Co Ltd Mitsui, Claude H Denker III, Corp Penske, H Brian Thompson, John D Jr Carlson, Kimberly J Mcwaters, Robert H Kurnick Jr, Roger S Penske and Shane M Spradlin. View Institutional Ownership Trends for Penske Automotive Group.
Which major investors are selling Penske Automotive Group stock?
PAG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Russell Investments Group Ltd., Guggenheim Capital LLC, American Century Companies Inc., UBS Group AG, Cooke & Bieler LP, Lord Abbett & CO. LLC and Keeley Teton Advisors LLC. Company insiders that have sold Penske Automotive Group company stock in the last year include & Co Ltd Mitsui, Claude H Denker III, John D Jr Carlson, Kimberly J Mcwaters and Shane M Spradlin. View Insider Buying and Selling for Penske Automotive Group.
Which major investors are buying Penske Automotive Group stock?
PAG stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Sentry Investments Corp., Dimensional Fund Advisors LP, LSV Asset Management, PNC Financial Services Group Inc., Millennium Management LLC, Susquehanna Fundamental Investments LLC and New Amsterdam Partners LLC NY. Company insiders that have bought Penske Automotive Group stock in the last two years include Corp Penske, H Brian Thompson and Roger S Penske. View Insider Buying and Selling for Penske Automotive Group.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Penske Automotive Group's stock price today?
One share of PAG stock can currently be purchased for approximately $50.59.
How big of a company is Penske Automotive Group?
Penske Automotive Group has a market capitalization of $4.37 billion and generates $21.39 billion in revenue each year. The company earns $613.30 million in net income (profit) each year or $4.31 on an earnings per share basis. Penske Automotive Group employs 26,000 workers across the globe.
How can I contact Penske Automotive Group?
Penske Automotive Group's mailing address is 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI, 48302. The company can be reached via phone at 248-648-2500 or via email at [email protected]
MarketBeat Community Rating for Penske Automotive Group (PAG)
MarketBeat's community ratings are surveys of what our community members think about Penske Automotive Group and other stocks. Vote "Outperform" if you believe PAG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAG will underperform the S&P 500 over the long term. You may vote once every thirty days.
