NYSE:PAGPenske Automotive Group Stock Price, Forecast & News

Penske Automotive Group's stock was trading at $40.03 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PAG shares have increased by 2.6% and is now trading at $41.07. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Penske Automotive Group.

Penske Automotive Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Penske Automotive Group.

Penske Automotive Group, Inc. (NYSE:PAG) issued its earnings results on Wednesday, May, 6th. The company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by $0.05. The business earned $5.01 billion during the quarter, compared to analysts' expectations of $5.16 billion. Penske Automotive Group had a net margin of 1.72% and a return on equity of 14.32%. The firm's revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. View Penske Automotive Group's earnings history.

Penske Automotive Group announced a quarterly dividend on Wednesday, February 12th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.42 per share on Tuesday, March 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Friday, February 21st. This is a positive change from Penske Automotive Group's previous quarterly dividend of $0.41. View Penske Automotive Group's dividend history.

7 Wall Street analysts have issued 12-month target prices for Penske Automotive Group's stock. Their forecasts range from $43.00 to $53.00. On average, they expect Penske Automotive Group's stock price to reach $47.00 in the next year. This suggests a possible upside of 14.4% from the stock's current price. View analysts' price targets for Penske Automotive Group.

Media headlines about PAG stock have been trending negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Penske Automotive Group earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned news headlines 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 the latest news about Penske Automotive Group.

Penske Automotive Group saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,850,000 shares, a decrease of 5.5% from the June 15th total of 5,130,000 shares. Based on an average trading volume of 451,500 shares, the days-to-cover ratio is presently 10.7 days. Approximately 15.4% of the shares of the company are short sold. 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), Lithia Motors (LAD), AutoNation (AN), Monro (MNRO), Asbury Automotive Group (ABG), Sonic Automotive (SAH), PROSPECT CAPITAL 6.25 NTS (PBY), Group 1 Automotive (GPI) and America's Car-Mart (CRMT). View all competitors.

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), Schlumberger (SLB), Walt Disney (DIS), Harman International Industries (HAR), Intel (INTC), JPMorgan Chase & Co. (JPM) and Novartis (NVS).

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

Penske Automotive Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.03%). Company insiders that own Penske Automotive Group stock include 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 Envestnet Asset Management Inc.. Company insiders that have sold Penske Automotive Group company stock in the last year include John D Jr Carlson, Kimberly J Mcwaters, and Shane M Spradlin. View insider buying and selling activity 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 $41.07.

Penske Automotive Group has a market capitalization of $3.30 billion and generates $23.18 billion in revenue each year. The company earns $435.80 million in net income (profit) each year or $5.28 on an earnings per share basis. Penske Automotive Group employs 27,000 workers across the globe.

The official website for Penske Automotive Group is 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]