Penske Automotive Group Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Penske Automotive Group stock.
View analyst ratings for Penske Automotive Group or view top-rated stocks.

Wall Street analysts have given Penske Automotive Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Penske Automotive Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Penske Automotive Group is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Penske Automotive Group.

Penske Automotive Group, Inc. (NYSE:PAG) released its quarterly earnings data on Tuesday, July, 27th. The company reported $4.41 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $3.99 by $0.42. The firm had revenue of $6.99 billion for the quarter, compared to analysts' expectations of $6.49 billion. Penske Automotive Group had a net margin of 3.94% and a trailing twelve-month return on equity of 28.52%.
View Penske Automotive Group's earnings history.

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 140.9% and is now trading at $96.42.
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Penske Automotive Group declared a quarterly dividend on Friday, July 23rd. Investors of record on Tuesday, August 10th will be paid a dividend of $0.45 per share on Wednesday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, August 9th. This is an increase from Penske Automotive Group's previous quarterly dividend of $0.44.
View Penske Automotive Group's dividend history.

Penske Automotive Group pays an annual dividend of $1.80 per share and currently has a dividend yield of 1.90%. Penske Automotive Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Penske Automotive Group is 27.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Penske Automotive Group will have a dividend payout ratio of 17.03% next year. This indicates that Penske Automotive Group will be able to sustain or increase its dividend.
View Penske Automotive Group's dividend history.

Penske Automotive Group issued an update on its second quarter 2021 earnings guidance on Thursday, July, 29th. The company provided earnings per share (EPS) guidance of $4.000-$ for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.120. The company issued revenue guidance of -.

4 Wall Street analysts have issued 1-year target prices for Penske Automotive Group's shares. Their forecasts range from $60.00 to $141.00. On average, they expect Penske Automotive Group's share price to reach $89.33 in the next year. This suggests that the stock has a possible downside of 7.3%.
View analysts' price targets for Penske Automotive Group or view top-rated stocks among Wall Street analysts.

60 employees have rated Penske Automotive Group CEO Roger Penske on Glassdoor.com. Roger Penske has an approval rating of 98% among Penske Automotive Group's employees. This puts Roger Penske in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Sonic Automotive (SAH), Monro (MNRO) and America's Car-Mart (CRMT).
View all of PAG's 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), Intel (INTC), JPMorgan Chase & Co. (JPM), L Brands (LB), Schlumberger (SLB), AbbVie (ABBV), The Walt Disney (DIS) and Lululemon Athletica (LULU).

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

Penske Automotive Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.75%), Vanguard Group Inc. (3.72%), LSV Asset Management (2.60%), American Century Companies Inc. (2.37%), BlackRock Inc. (1.69%) and Bank of America Corp DE (0.86%). Company insiders that own Penske Automotive Group stock include Claude H Denker III, John Barr, 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.

PAG stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Dimensional Fund Advisors LP, Northern Trust Corp, Millennium Management LLC, BlackRock Inc., Deroy & Devereaux Private Investment Counsel Inc., LSV Asset Management, and Parametric Portfolio Associates LLC. Company insiders that have sold Penske Automotive Group company stock in the last year include Claude H Denker III, John Barr, John D Jr Carlson, Robert H Kurnick Jr, Roger S Penske, and Shane M Spradlin.
View insider buying and selling activity for Penske Automotive Group or view top insider-selling stocks.

PAG stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Morgan Stanley, Morgan Stanley, State Street Corp, Ceredex Value Advisors LLC, Vanguard Group Inc., AQR Capital Management LLC, and Qube Research & Technologies Ltd.
View insider buying and selling activity for Penske Automotive Group or or view top insider-buying stocks.

Shares of PAG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PAG stock can currently be purchased for approximately $96.42.

Penske Automotive Group has a market capitalization of $7.75 billion and generates $20.44 billion in revenue each year. The company earns $543.60 million in net income (profit) each year or $6.64 on an earnings per share basis.

Penske Automotive Group employs 23,000 workers across the globe.

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

Penske Automotive Group is headquartered at 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI, 48302.

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].