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

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

Penske Automotive Group announced a quarterly dividend on Thursday, January 31st. Investors of record on Monday, February 11th will be paid a dividend of $0.38 per share on Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, February 8th. This is a boost from Penske Automotive Group's previous quarterly dividend of $0.37. View Penske Automotive Group's Dividend History.

Penske Automotive Group declared that its Board of Directors has authorized a share buyback program on Thursday, October 26th 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Penske Automotive Group, Inc. (NYSE:PAG) announced its quarterly earnings results on Thursday, February, 7th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.16 by $0.05. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.57 billion. Penske Automotive Group had a net margin of 2.07% and a return on equity of 17.73%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 earnings per share. View Penske Automotive Group's Earnings History.

Penske Automotive Group is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Penske Automotive Group.

4 brokers have issued twelve-month price targets for Penske Automotive Group's shares. Their forecasts range from $50.00 to $62.00. On average, they expect Penske Automotive Group's share price to reach $58.25 in the next twelve months. This suggests a possible upside of 31.9% 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.

News stories about PAG stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Penske Automotive Group earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.

Some companies that are related to Penske Automotive Group include Copart (CPRT), CarMax (KMX), KAR Auction Services (KAR), Carvana (CVNA), Casey's General Stores (CASY), AutoNation (AN), Murphy USA (MUSA), Lithia Motors (LAD), Rush Enterprises (RUSHA), Rush Enterprises (RUSHB), Asbury Automotive Group (ABG), Camping World (CWH), Group 1 Automotive (GPI), Fincera (YUANF) and Sonic Automotive (SAH).

Penske Automotive Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.88%), LSV Asset Management (3.24%), Victory Capital Management Inc. (3.22%), BlackRock Inc. (2.94%), London Co. of Virginia (2.07%) and CI Investments Inc. (1.43%). 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 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 BlackRock Inc., London Co. of Virginia, Bank of America Corp DE, Public Employees Retirement System of Ohio, Keeley Teton Advisors LLC, First Trust Advisors LP, Hsbc Holdings PLC and Prudential PLC. Company insiders that have sold Penske Automotive Group company stock in the last year include & Co Ltd Mitsui, Kimberly J Mcwaters and Shane M Spradlin. View Insider Buying and Selling for Penske Automotive Group.

PAG stock was purchased by a variety of institutional investors in the last quarter, including Philadelphia Financial Management of San Francisco LLC, CI Investments Inc., Dimensional Fund Advisors LP, Victory Capital Management Inc., Bowling Portfolio Management LLC, Bank of New York Mellon Corp, Private Management Group Inc. and Geode Capital Management LLC. Company insiders that have bought Penske Automotive Group stock in the last two years include Corp Penske and H Brian Thompson. 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, Scottrade, Fidelity and Charles Schwab.

One share of PAG stock can currently be purchased for approximately $44.15.

Penske Automotive Group has a market capitalization of $3.75 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 26,000 workers across the globe.

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]