About Penske Automotive Group (NYSE:PAG)
Penske Automotive Group, Inc. is an international transportation services company. The Company 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 principally in Australia and New Zealand. The Company's segments include Retail Automotive, consisting of its retail automotive dealership operations; Retail Commercial Truck, consisting of its retail commercial truck dealership operations in the United States and Canada; Other, consisting of its commercial vehicle and power systems distribution operations and other non-automotive consolidated operations, and Non-Automotive Investments, consisting of its equity method investments in non-automotive operations. The Company holds interests in Penske Truck Leasing Co., L.P. (PTL), a provider of transportation services and supply chain management.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: Auto Vehicles, Parts & Service Retailers
- Sub-Industry: Automotive Retail
- Symbol: NYSE:PAG
- CUSIP: 70959W10
- Web: www.penskeautomotive.com
Capitalization:- Market Cap: $3.88 billion
- Outstanding Shares: 86,020,000
Average Prices:- 50 Day Moving Avg: $45.32
- 200 Day Moving Avg: $43.88
- 52 Week Range: $38.33 - $56.05
P/E:- Trailing P/E Ratio: 10.86
- Foreward P/E Ratio: 9.88
- P/E Growth: 1.41
Sales & Book Value:- Annual Revenue: $20.5 billion
- Price / Sales: 0.19
- Book Value: $23.07 per share
- Price / Book: 1.96
Dividend:- Annual Dividend: $1.28
- Dividend Yield: 2.9%
Profitability:- EBITDA: $679 million
- Net Margins: 1.75%
- Return on Equity: 19.13%
- Return on Assets: 3.92%
Debt:- Debt-to-Equity Ratio: 0.97%
- Current Ratio: 1.02%
- Quick Ratio: 0.21%
Misc:- Average Volume: 467,982 shs.
- Beta: 1.45
- Short Ratio: 8.39
Frequently Asked Questions for Penske Automotive Group (NYSE:PAG)
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 announced a quarterly dividend on Wednesday, October 11th. Investors of record on Friday, November 10th will be paid a dividend of $0.33 per share on Friday, December 1st. This represents a $1.32 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from Penske Automotive Group's previous quarterly dividend of $0.32. View Penske Automotive Group's Dividend History.
How were Penske Automotive Group's earnings last quarter?
Penske Automotive Group, Inc. (NYSE:PAG) issued its quarterly earnings results on Thursday, July, 27th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.20 by $0.07. The business earned $5.38 billion during the quarter, compared to the consensus estimate of $5.44 billion. Penske Automotive Group had a return on equity of 19.13% and a net margin of 1.75%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $1.11 EPS. View Penske Automotive Group's Earnings History.
When will Penske Automotive Group make its next earnings announcement?
Where is Penske Automotive Group's stock going? Where will Penske Automotive Group's stock price be in 2017?
7 brokerages have issued twelve-month price targets for Penske Automotive Group's shares. Their predictions range from $46.00 to $68.00. On average, they anticipate Penske Automotive Group's stock price to reach $55.83 in the next year. 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 Kohl's Corporation (KSS), Marks and Spencer Group Plc (MAKSY), Tractor Supply Company (TSCO), J Sainsbury plc (JSAIY), Wm Morrison Sup (MRWSY), Nordstrom (JWN), Herbalife LTD. (HLF), KAR Auction Services (KAR), Companhia Brasileira de Distribuicao (CBD), Macy's (M), Advance Auto Parts (AAP), Burlington Stores (BURL), Wayfair (W), TripAdvisor (TRIP), Dunkin' Brands Group (DNKN), Liberty Interactive Corporation (LVNTA), AutoNation (AN) and Signet Jewelers Limited (SIG).
Who are Penske Automotive Group's key executives?
Penske Automotive Group's management team includes the folowing people:
- Roger S. Penske Jr., President, Chief Executive Officer and Chairman of SoCal Penske Dealer Group
- Robert H. Kurnick Jr, President, Director
- Roger S. Penske Jr., Chairman of the Board, Chief Executive Officer
- John D. Carlson Jr., Chief Financial Officer, Executive Vice President
- Shane M. Spradlin, Executive Vice President, General Counsel, Corporate Secretary
- Bud Denker, Executive Vice President of Human Resources
- Anthony R. Pordon, Executive Vice President Investor Relations and Corporate
- H. Brian Thompson, Lead Independent Director
- Lucio A. Noto, Director
- Gregory W. Penske, Director
Who owns Penske Automotive Group stock?
Penske Automotive Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include
PENSKE ROGER S
(57.90%),
MITSUI & COMPANY LTD
(16.80%), Shell Asset Management Co. (0.02%), Alpha Windward LLC (0.01%) and Fox Run Management L.L.C. (0.01%). Company insiders that own Penske Automotive Group stock include Claude H Denker III, Corp Penske, Robert H Kurnick Jr, Roger S Penske and Shane M Spradlin. View Institutional Ownership Trends for Penske Automotive Group.
Who bought Penske Automotive Group stock? Who is buying Penske Automotive Group stock?
Penske Automotive Group's stock was bought by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Fox Run Management L.L.C. and Alpha Windward LLC. Company insiders that have bought Penske Automotive Group stock in the last two years include Corp Penske and Roger S Penske. View Insider Buying and Selling for Penske Automotive Group.
How do I buy Penske Automotive Group stock?
Shares of Penske Automotive Group can be purchased through any online brokerage account. Popular online brokerages 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 Penske Automotive Group stock can currently be purchased for approximately $45.14.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Penske Automotive Group (NYSE:PAG) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.57) |
| Consensus Price Target: | $55.83 (23.69% upside) |
Consensus Price Target History for Penske Automotive Group (NYSE:PAG)
Analysts' Ratings History for Penske Automotive Group (NYSE:PAG)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/4/2017 | KeyCorp | Reiterated Rating | Hold | | Low |  |
| 10/4/2017 | Berenberg Bank | Initiated Coverage | Hold -> Hold | $52.00 | Medium | |
| 9/28/2017 | Northcoast Research | Initiated Coverage | Buy -> Buy | $56.00 | Medium | |
| 7/17/2017 | Wells Fargo & Company | Reiterated Rating | Market Perform | $54.00 -> $46.00 | Low | |
| 6/9/2017 | Morgan Stanley | Lower Price Target | Overweight | $54.00 -> $50.00 | Low | |
| 4/27/2017 | Gabelli | Upgrade | Hold -> Buy | $68.00 | High | |
| 2/1/2017 | Susquehanna Bancshares Inc | Initiated Coverage | Positive | $63.00 | N/A | |
| 10/13/2016 | Evercore ISI | Downgrade | Hold -> Sell | $39.00 | N/A | |
| 9/16/2016 | Stifel Nicolaus | Downgrade | Buy -> Hold | | N/A | |
| 8/9/2016 | Seaport Global Securities | Initiated Coverage | Neutral | | N/A | |
| 5/16/2016 | Sterne Agee CRT | Reiterated Rating | Buy | | N/A | |
| 5/5/2016 | Buckingham Research | Reiterated Rating | Buy | | N/A | |
(Data available from 10/24/2015 forward)
Earnings History for Penske Automotive Group (NYSE:PAG)Earnings History by Quarter for Penske Automotive Group (NYSE PAG)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/24/2017 | | $1.14 | | | | | N/A | |
| 7/27/2017 | Q2 2017 | $1.20 | $1.27 | $5.44 billion | $5.38 billion | View | N/A | |
| 4/26/2017 | Q1 2017 | $0.96 | $0.97 | $4.85 billion | $5.08 billion | View | N/A | |
| 2/7/2017 | Q416 | $0.87 | $0.91 | $5.01 billion | $4.90 billion | View | Listen | |
| 10/26/2016 | Q316 | $1.01 | $1.03 | $3.10 billion | $5.20 billion | View | Listen | |
| 7/28/2016 | Q216 | $1.09 | $1.11 | $5.17 billion | $5.30 billion | View | Listen | |
| 4/26/2016 | Q116 | $0.88 | $0.90 | $4.79 billion | $4.80 billion | View | Listen | |
| 2/11/2016 | Q415 | $0.80 | $0.81 | $4.78 billion | $4.90 billion | View | Listen | |
| 10/29/2015 | Q315 | $1.01 | $0.96 | $4.97 billion | $5.00 billion | View | Listen | |
| 7/29/2015 | Q215 | $0.99 | $1.05 | $4.89 billion | $4.90 billion | View | Listen | |
| 4/28/2015 | Q115 | $0.82 | $0.85 | $4.55 billion | $4.50 billion | View | Listen | |
| 2/11/2015 | Q414 | $0.79 | $0.79 | $4.36 billion | $4.40 billion | View | Listen | |
| 10/29/2014 | Q314 | $0.85 | $0.85 | $4.39 billion | $4.40 billion | View | Listen | |
| 7/30/2014 | Q2 | $0.85 | $0.89 | $4.23 billion | $4.40 billion | View | Listen | |
| 4/24/2014 | Q114 | $0.71 | $0.73 | $3.72 billion | $4.00 billion | View | Listen | |
| 2/13/2014 | Q413 | $0.67 | $0.68 | $3.77 billion | $3.90 billion | View | Listen | |
| 10/29/2013 | Q313 | $0.69 | $0.73 | $3.69 billion | $3.80 billion | View | Listen | |
| 7/31/2013 | Q2 2013 | $0.64 | $0.71 | $3.65 billion | $3.70 billion | View | Listen | |
| 4/29/2013 | Q1 2013 | $0.62 | $0.63 | $3.48 billion | $3.40 billion | View | Listen | |
| 2/6/2013 | Q4 2012 | $0.53 | $0.57 | $3.30 billion | $3.40 billion | View | Listen | |
| 11/2/2012 | Q312 | $0.57 | $0.60 | $3.27 billion | $3.40 billion | View | N/A | |
| 7/31/2012 | | $0.53 | $0.55 | | | View | N/A | |
| 4/25/2012 | | $0.48 | $0.55 | | | View | N/A | |
| 2/15/2012 | | $0.40 | $0.47 | | | View | N/A | |
| 11/2/2011 | | $0.42 | $0.50 | | | View | N/A | |
| 7/21/2011 | | $0.38 | $0.43 | | | View | N/A | |
| 4/28/2011 | | $0.31 | $0.39 | | | View | N/A | |
| 2/16/2011 | | $0.26 | $0.32 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Penske Automotive Group (NYSE:PAG)2017 EPS Consensus Estimate: $4.25
2018 EPS Consensus Estimate: $4.66
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.92 | $1.03 | $0.98 |
| Q2 2017 | 2 | $1.13 | $1.20 | $1.17 |
| Q3 2017 | 3 | $1.02 | $1.11 | $1.07 |
| Q4 2017 | 3 | $1.00 | $1.07 | $1.04 |
| Q1 2018 | 2 | $0.97 | $1.10 | $1.04 |
| Q2 2018 | 2 | $1.34 | $1.35 | $1.35 |
| Q3 2018 | 2 | $1.19 | $1.22 | $1.21 |
| Q4 2018 | 2 | $1.07 | $1.07 | $1.07 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Penske Automotive Group (NYSE:PAG)| Next Dividend: | 12/1/2017 |
| Annual Dividend: | $1.28 |
| Dividend Yield: | 2.84% |
| Dividend Growth: | 21.10% (3 Year Average) |
| Payout Ratio: | 30.55% (Trailing 12 Months of Earnings)
29.77% (Based on This Year's Estimates)
28.01% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Penske Automotive Group (NYSE PAG)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/11/2017 | quarterly | $0.33 | 2.9% | 11/9/2017 | 11/10/2017 | 12/1/2017 |
| 7/26/2017 | quarterly | $0.32 | 2.87% | 8/8/2017 | 8/10/2017 | 9/1/2017 |
| 5/10/2017 | Quarterly | $0.31 | | 5/18/2017 | 5/22/2017 | 6/1/2017 |
| 2/9/2017 | Quarterly | $0.30 | 2.24% | 2/15/2017 | 2/20/2017 | 3/1/2017 |
| 10/19/2016 | quarterly | $0.29 | 2.49% | 11/8/2016 | 11/10/2016 | 12/1/2016 |
| 7/27/2016 | quarterly | $0.28 | 3.14% | 8/8/2016 | 8/10/2016 | 9/1/2016 |
| 5/5/2016 | quarterly | $0.27 | 2.92% | 5/12/2016 | 5/16/2016 | 6/1/2016 |
| 1/29/2016 | quarterly | $0.26 | 3.19% | 2/8/2016 | 2/10/2016 | 3/1/2016 |
| 10/15/2015 | quarterly | $0.25 | 1.98% | 11/6/2015 | 11/10/2015 | 12/1/2015 |
| 7/17/2015 | quarterly | $0.24 | 1.81% | 8/6/2015 | 8/10/2015 | 9/1/2015 |
| 5/6/2015 | quarterly | $0.23 | 1.81% | 5/13/2015 | 5/15/2015 | 6/1/2015 |
| 1/29/2015 | quarterly | $0.22 | 1.77% | 2/6/2015 | 2/10/2015 | 3/2/2015 |
| 10/15/2014 | quarterly | $0.21 | 2.14% | 11/6/2014 | 11/10/2014 | 12/1/2014 |
| 7/16/2014 | quarterly | $0.20 | 1.66% | 8/7/2014 | 8/11/2014 | 9/2/2014 |
| 5/2/2014 | quarterly | $0.19 | 1.6% | 5/8/2014 | 5/12/2014 | 6/2/2014 |
| 1/28/2014 | quarterly | $0.18 | 1.71% | 2/6/2014 | 2/10/2014 | 3/3/2014 |
| 10/23/2013 | quarterly | $0.17 | 1.7% | 11/6/2013 | 11/11/2013 | 12/2/2013 |
| 7/17/2013 | quarterly | $0.16 | 1.92% | 8/8/2013 | 8/12/2013 | 9/3/2013 |
| 5/9/2013 | quarterly | $0.15 | 1.87% | 5/16/2013 | 5/20/2013 | 6/3/2013 |
| 1/29/2013 | quarterly | $0.14 | 1.77% | 2/7/2013 | 2/11/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Penske Automotive Group (NYSE:PAG)Insider Ownership Percentage: 40.70%
Institutional Ownership Percentage: 39.83%
Insider Trades by Quarter for Penske Automotive Group (NYSE:PAG)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 10/20/2017 | Corp Penske | Major Shareholder | Buy | 1,103,996 | $45.29 | $49,999,978.84 | |
| 8/9/2017 | Claude H Denker III | EVP | Sell | 5,000 | $41.27 | $206,350.00 | |
| 6/1/2017 | Robert H Kurnick Jr | President | Sell | 11,172 | $42.48 | $474,586.56 | |
| 6/1/2017 | Shane M. Spradlin | EVP | Sell | 1,900 | $43.64 | $82,916.00 | |
| 9/12/2016 | Shane M. Spradlin | EVP | Sell | 4,900 | $48.31 | $236,719.00 | |
| 9/9/2016 | Corp Penske | Major Shareholder | Buy | 327,602 | $48.07 | $15,747,828.14 | |
| 9/7/2016 | Corp Penske | Major Shareholder | Buy | 225,000 | $46.95 | $10,563,750.00 | |
| 9/1/2016 | Corp Penske | Major Shareholder | Buy | 187,764 | $45.24 | $8,494,443.36 | |
| 8/29/2016 | Corp Penske | Major Shareholder | Buy | 478,000 | $44.21 | $21,132,380.00 | |
| 8/22/2016 | Corp Penske | Major Shareholder | Buy | 300,000 | $42.55 | $12,765,000.00 | |
| 8/11/2016 | Corp Penske | Major Shareholder | Buy | 50,000 | $41.36 | $2,068,000.00 | |
| 8/10/2016 | Corp Penske | Major Shareholder | Buy | 50,000 | $40.05 | $2,002,500.00 | |
| 8/10/2016 | Roger S Penske | CEO | Buy | 151,412 | $39.85 | $6,033,768.20 | |
| 8/9/2016 | Corp Penske | Major Shareholder | Buy | 51,412 | $39.71 | $2,041,570.52 | |
| 8/8/2016 | Corp Penske | Major Shareholder | Buy | 50,000 | $39.79 | $1,989,500.00 | |
| 8/5/2016 | Corp Penske | Major Shareholder | Buy | 220,632 | $39.35 | $8,681,869.20 | |
| 8/2/2016 | Corp Penske | Major Shareholder | Buy | 710,121 | $39.10 | $27,765,731.10 | |
| 6/1/2015 | David K Jones | CFO | Sell | 5,444 | $51.09 | $278,133.96 | |
| 6/1/2015 | Robert H Kurnick Jr | President | Sell | 13,580 | $51.28 | $696,382.40 | |
| 6/1/2015 | Roger S Penske | CEO | Sell | 71,874 | $50.19 | $3,607,356.06 | |
| 6/1/2015 | Shane M Spradlin | EVP | Sell | 4,203 | $51.14 | $214,941.42 | |
| 10/31/2014 | Sandra E Pierce | Director | Buy | 3,850 | $44.99 | $173,211.50 | |
| 6/2/2014 | David K Jones | CFO | Sell | 4,000 | $46.32 | $185,280.00 | |
| 6/2/2014 | Robert H Kurnick Jr | President | Sell | 12,045 | $46.32 | $557,924.40 | |
| 6/2/2014 | Roger S Penske | CEO | Sell | 195,000 | $46.23 | $9,014,850.00 | |
| 6/2/2014 | Shane M Spradlin | EVP | Sell | 1,900 | $46.36 | $88,084.00 | |
| 4/25/2014 | John Barr | Director | Sell | 10,000 | $44.50 | $445,000.00 | |
| 9/9/2013 | Roger S Penske | CEO | Sell | 234,452 | $40.92 | $9,593,775.84 | |
| 9/3/2013 | David Jones | CFO | Sell | 1,909 | $39.70 | $75,787.30 | |
| 9/3/2013 | John Jr. Carlson | SVP | Sell | 3,000 | $40.30 | $120,900.00 | |
| 9/3/2013 | Kimberly Mcwaters | Director | Sell | 4,000 | $40.20 | $160,800.00 | |
| 6/3/2013 | David K Jones | CFO | Sell | 1,500 | $32.00 | $48,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Penske Automotive Group (NYSE:PAG)
Latest Headlines for Penske Automotive Group (NYSE:PAG)
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Penske Automotive Group (PAG) Chart for Tuesday, October, 24, 2017
