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 Wednesday, July 17th. Shareholders 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 yield of 3.83%. 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 has initiated a share repurchase plan 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 purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Penske Automotive Group, Inc. (NYSE:PAG) announced its quarterly earnings results on Tuesday, July, 30th. The company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by $0.17. The company had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.90 billion. Penske Automotive Group had a return on equity of 16.56% and a net margin of 2.00%. Penske Automotive Group's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. 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.

5 analysts have issued 1 year price targets for Penske Automotive Group's shares. Their forecasts range from $50.00 to $61.00. On average, they anticipate Penske Automotive Group's share price to reach $54.75 in the next year. This suggests a possible upside of 30.9% from the stock's current price. View Analyst Price Targets for Penske Automotive Group.

5 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Penske Automotive Group.

Media coverage about PAG stock has been trending positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 impact score of 2.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the next several days. View News Stories for Penske Automotive Group.

Penske Automotive Group saw a drop in short interest in July. As of July 15th, there was short interest totalling 6,066,100 shares, a drop of 6.7% from the June 15th total of 6,500,600 shares. Based on an average trading volume of 334,700 shares, the short-interest ratio is currently 18.1 days. Currently, 17.1% of the company's shares are sold short. View Penske Automotive Group's Current Options Chain.

Some companies that are related to Penske Automotive Group include CarMax (KMX), Carvana (CVNA), IAA (IAA), Casey's General Stores (CASY), 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 a variety of of retail and institutional investors. Top institutional shareholders 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 purchased 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, Scottrade, Fidelity and Charles Schwab.

One share of PAG stock can currently be purchased for approximately $41.82.

Penske Automotive Group has a market capitalization of $3.43 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]