Penske Automotive Group, Inc. operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand. The company engages in the sale of new and used motor vehicles of approximately 40 brands; and provision of vehicle services and collision repair services. In addition, it is involved in the sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, and replacement and aftermarket automotive products. Further, the company distributes commercial vehicles and parts to a network of approximately 70 dealership locations, including 8 company-owned retail commercial vehicle dealerships. As of December 31, 2017, it operated 343 automotive retail franchises, of which 155 franchises are located in the United States; and 188 franchises are located outside of the United States primarily in the United Kingdom. The company also operated 20 dealerships locations of heavy and medium duty trucks, offering primarily Freightliner and Western Star branded trucks, as well as a range of used trucks, and services and parts. Penske Automotive Group, Inc. is headquartered in Bloomfield Hills, Michigan.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Automotive dealers & gasoline service stations
Sub-IndustryAutomotive Retail
SectorRetail/Wholesale
SymbolNYSE:PAG
CUSIP70959W10
Phone248-648-2500
Debt
Debt-to-Equity Ratio0.82
Current Ratio1.01
Quick Ratio0.22
Price-To-Earnings
Trailing P/E Ratio11.68
Forward P/E Ratio9.38
P/E Growth1.44
Sales & Book Value
Annual Sales$21.39 billion
Price / Sales0.20
Cash Flow$5.2068 per share
Price / Cash9.67
Book Value$28.31 per share
Price / Book1.78
Profitability
EPS (Most Recent Fiscal Year)$4.31
Net Income$613.30 million
Net Margins2.95%
Return on Equity17.68%
Return on Assets4.00%
Miscellaneous
Employees26,000
Outstanding Shares84,860,000
Market Cap$4.45 billion
Penske Automotive Group (NYSE:PAG) Frequently Asked Questions
What is Penske Automotive Group's stock symbol?
Penske Automotive Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAG."
How often does Penske Automotive Group pay dividends? What is the dividend yield for Penske Automotive Group?
Penske Automotive Group declared a quarterly dividend on Thursday, July 19th. Stockholders of record on Friday, August 10th will be given a dividend of $0.36 per share on Wednesday, September 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, August 9th. This is a boost from Penske Automotive Group's previous quarterly dividend of $0.35. View Penske Automotive Group's Dividend History.
How will Penske Automotive Group's stock buyback program work?
Penske Automotive Group announced that its board has approved a stock repurchase plan on Thursday, October 26th 2017, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.
How were Penske Automotive Group's earnings last quarter?
Penske Automotive Group, Inc. (NYSE:PAG) issued its quarterly earnings data on Thursday, July, 26th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.14. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.82 billion. Penske Automotive Group had a return on equity of 17.68% and a net margin of 2.95%. The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 EPS. View Penske Automotive Group's Earnings History.
When is Penske Automotive Group's next earnings date?
What price target have analysts set for PAG?
8 equities research analysts have issued twelve-month price targets for Penske Automotive Group's shares. Their forecasts range from $50.00 to $69.00. On average, they expect Penske Automotive Group's stock price to reach $58.2857 in the next year. This suggests a possible upside of 15.8% from the stock's current price. View Analyst Price Targets for Penske Automotive Group.
What is the consensus analysts' recommendation for Penske Automotive Group?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Penske Automotive Group.
Who are some of Penske Automotive Group's key competitors?
Some companies that are related to Penske Automotive Group include CarMax (KMX), Copart (CPRT), Carvana (CVNA), KAR Auction Services (KAR), Casey's General Stores (CASY), AutoNation (AN), Murphy USA (MUSA), Lithia Motors (LAD), Camping World (CWH), Rush Enterprises (RUSHB), Rush Enterprises, Inc. Class A (RUSHA), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Sonic Automotive (SAH) and Fincera (YUANF).
Who are Penske Automotive Group's key executives?
Penske Automotive Group's management team includes the folowing people:
- Mr. Roger S. Penske Sr., Chairman, CEO & Diector (Age 81)
- Mr. Robert H. Kurnick Jr., Pres & Director (Age 56)
- Mr. John D. Carlson Jr., Exec. VP & CFO (Age 48)
- Mr. Shane M. Spradlin, Exec. VP, Gen. Counsel & Sec. (Age 48)
- Mr. Claude H. Denker III, Exec. VP of HR (Age 59)
Who are Penske Automotive Group's major shareholders?
Penske Automotive Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (3.80%), BlackRock Inc. (3.62%), LSV Asset Management (3.18%), Victory Capital Management Inc. (2.58%), Burgundy Asset Management Ltd. (2.41%) and Bank of America Corp DE (0.68%). 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.
Which major investors are selling Penske Automotive Group stock?
PAG stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Renaissance Technologies LLC, BlackRock Inc., Burgundy Asset Management Ltd., American Century Companies Inc., Millennium Management LLC, PNC Financial Services Group Inc. and Cambiar Investors LLC. Company insiders that have sold Penske Automotive Group company stock in the last year include & Co Ltd Mitsui, John D Jr Carlson, Kimberly J Mcwaters and Shane M Spradlin. View Insider Buying and Selling for Penske Automotive Group.
Which major investors are buying Penske Automotive Group stock?
PAG stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Dimensional Fund Advisors LP, SG Capital Management LLC, Strs Ohio, Royce & Associates LP, Bank of America Corp DE, Northern Trust Corp and LSV Asset Management. 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.
How do I buy shares of 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.
What is Penske Automotive Group's stock price today?
One share of PAG stock can currently be purchased for approximately $50.35.
How big of a company is Penske Automotive Group?
Penske Automotive Group has a market capitalization of $4.45 billion and generates $21.39 billion in revenue each year. The company earns $613.30 million in net income (profit) each year or $4.31 on an earnings per share basis. Penske Automotive Group employs 26,000 workers across the globe.
What is Penske Automotive Group's official website?
How can I contact Penske Automotive Group?
Penske Automotive Group's mailing address is 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI, 48302. The company can be reached via phone at 248-648-2500 or via email at [email protected]
MarketBeat Community Rating for Penske Automotive Group (NYSE PAG)
MarketBeat's community ratings are surveys of what our community members think about Penske Automotive Group and other stocks. Vote "Outperform" if you believe PAG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PAG will underperform the S&P 500 over the long term. You may vote once every thirty days.
