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

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

Penske Automotive Group announced a quarterly dividend on Wednesday, July 17th. Stockholders of record on Friday, August 9th will be given a dividend of $0.40 per share on Wednesday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, August 8th. This is a boost from Penske Automotive Group's previous quarterly dividend of $0.39. View Penske Automotive Group's Dividend History.

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

Penske Automotive Group, Inc. (NYSE:PAG) issued its quarterly earnings data on Tuesday, July, 30th. The company reported $1.42 EPS for the quarter, missing the Zacks' consensus estimate of $1.59 by $0.17. The business earned $5.76 billion during the quarter, compared to analysts' expectations of $5.90 billion. Penske Automotive Group had a return on equity of 16.56% and a net margin of 2.00%. The firm's revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 EPS. View Penske Automotive Group's Earnings History.

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

4 Wall Street analysts have issued 12 month target prices for Penske Automotive Group's shares. Their predictions range from $51.00 to $61.00. On average, they anticipate Penske Automotive Group's stock price to reach $56.3333 in the next twelve months. This suggests a possible upside of 23.0% 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.

Media stories about PAG stock have been trending somewhat negative on Sunday, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Penske Automotive Group earned a news impact score of -1.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Penske Automotive Group.

Some companies that are related to Penske Automotive Group include CarMax (KMX), Carvana (CVNA), Casey's General Stores (CASY), IAA (IAA), AutoNation (AN), KAR Auction Services (KAR), Lithia Motors (LAD), Murphy USA (MUSA), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Rush Enterprises (RUSHB), Rush Enterprises (RUSHA), Sonic Automotive (SAH), Camping World (CWH) 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), Novartis (NVS), Lululemon Athletica (LULU), Blackstone Group (BX) and Intel (INTC).

Penske Automotive Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.89%), LSV Asset Management (3.15%), BlackRock Inc. (2.55%), Victory Capital Management Inc. (2.52%), Fiduciary Management Inc. WI (1.72%) and Bank of America Corp DE (1.17%). Company insiders that own Penske Automotive Group stock include & Co Ltd Mitsui, Corp Penske, 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 Victory Capital Management Inc., Aperio Group LLC, LSV Asset Management, Phocas Financial Corp., Phocas Financial Corp., Prudential Financial Inc., Green Square Asset Management LLC and Prudential PLC. Company insiders that have sold Penske Automotive Group company stock in the last year include John Barr, Robert H Kurnick Jr and Shane M Spradlin. View Insider Buying and Selling for Penske Automotive Group.

PAG stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., HighTower Advisors LLC, Jane Street Group LLC, Russell Investments Group Ltd., Foresters Investment Management Company Inc., Invesco Ltd. and Strs Ohio. 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, Robinhood, Fidelity and Charles Schwab.

One share of PAG stock can currently be purchased for approximately $45.80.

Penske Automotive Group has a market capitalization of $3.76 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]