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NYSE:PAG

Penske Automotive Group Stock Forecast, Price & News

$86.61
-2.81 (-3.14 %)
(As of 05/12/2021 12:00 AM ET)
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Today's Range
$86.21
$89.17
50-Day Range
$76.37
$92.37
52-Week Range
$29.65
$93.45
Volume197,372 shs
Average Volume281,862 shs
Market Capitalization$7.00 billion
P/E Ratio15.69
Dividend Yield1.92%
Beta1.61
30 days | 90 days | 365 days | Advanced Chart
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Penske Automotive Group logo

About Penske Automotive Group

Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts. It also operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as a range of used trucks, and maintenance and repair services. In addition, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks, buses, and Dennis Eagle refuse collection vehicles with associated parts in Australia, New Zealand, and portions of the Pacific. Further, the company distributes diesel and gas engines, and power systems. The company operates 304 retail automotive franchises, including 142 franchises located in the United States and 162 franchises located outside of the United States; 17 used vehicle supercenters in the United States and the United Kingdom; and 25 commercial truck dealerships in Texas, Oklahoma, Tennessee, Georgia, Utah, and Idaho, the United States, as well as Canada. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.

Headlines

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Industry, Sector and Symbol

Industry Automotive dealers & gasoline service stations
Sub-IndustryAutomotive Retail
CUSIP70959W10
Phone248-648-2500
Employees23,000
Year FoundedN/A

Sales & Book Value

Annual Sales$23.18 billion
Cash Flow$9.26 per share
Book Value$34.68 per share

Profitability

Net Income$435.80 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$7.00 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.04 out of 5 stars

Retail/Wholesale Sector

31st out of 382 stocks

Automotive Dealers & Gasoline Service Stations Industry

2nd out of 27 stocks

Analyst Opinion: 1.4Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Penske Automotive Group (NYSE:PAG) Frequently Asked Questions

Is Penske Automotive Group a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last twelve months. There are currently 2 hold ratings and 5 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.

What stocks does MarketBeat like better than Penske Automotive Group?

Wall Street analysts have given Penske Automotive Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Penske Automotive Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Penske Automotive Group's next earnings date?

Penske Automotive Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Penske Automotive Group
.

How were Penske Automotive Group's earnings last quarter?

Penske Automotive Group, Inc. (NYSE:PAG) announced its quarterly earnings data on Tuesday, April, 27th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.81 by $0.45. The business earned $5.77 billion during the quarter, compared to analyst estimates of $5.42 billion. Penske Automotive Group had a trailing twelve-month return on equity of 15.09% and a net margin of 2.17%. The company's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS.
View Penske Automotive Group's earnings history
.

How has Penske Automotive Group's stock been impacted by Coronavirus (COVID-19)?

Penske Automotive Group's stock was trading at $40.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PAG stock has increased by 116.4% and is now trading at $86.61.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, January 27th. Stockholders of record on Wednesday, February 10th will be given a dividend of $0.43 per share on Monday, March 1st. This represents a $1.72 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, February 9th. This is a boost from Penske Automotive Group's previous quarterly dividend of $0.42.
View Penske Automotive Group's dividend history
.

Is Penske Automotive Group a good dividend stock?

Penske Automotive Group pays an annual dividend of $1.72 per share and currently has a dividend yield of 1.92%. Penske Automotive Group does not yet have a strock track record of dividend growth. The dividend payout ratio of Penske Automotive Group is 32.58%. 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 25.56% next year. This indicates that Penske Automotive Group will be able to sustain or increase its dividend.
View Penske Automotive Group's dividend history.

What price target have analysts set for PAG?

7 brokers have issued twelve-month target prices for Penske Automotive Group's stock. Their forecasts range from $43.00 to $92.00. On average, they expect Penske Automotive Group's share price to reach $70.25 in the next twelve months. This suggests that the stock has a possible downside of 18.9%.
View analysts' price targets for Penske Automotive Group
or view top-rated stocks among Wall Street analysts.

Who are Penske Automotive Group's key executives?

Penske Automotive Group's management team includes the following people:
  • Mr. Roger S. Penske Sr., Chairman & CEO (Age 84, Pay $979.55k)
  • Mr. Robert H. Kurnick Jr., Pres & Director (Age 59, Pay $533.58k)
  • Mr. John D. Carlson Jr., Exec. VP & CFO (Age 51, Pay $1.01M)
  • Mr. Shane M. Spradlin, Exec. VP, Gen. Counsel & Sec. (Age 51, Pay $1.01M)
  • Mr. Claude H. Denker III, Exec. VP of HR (Age 62, Pay $968.45k)
  • Mr. Richard A. Hook, Exec. VP & Chief Information Officer (Age 46)
  • Mr. Anthony R. Pordon, Exec. VP of Investor Relations & Corp. Devel. (Age 56)
  • Ms. Tracy Cassidy, Exec. VP of Marketing (Age 48)
  • Mr. Hiroshi Ishikawa, Exec. VP of International Bus. Devel. (Age 58)
  • Mr. George W. Brochick, Exec. VP of Strategic Devel. (Age 76)

What is Roger Penske's approval rating as Penske Automotive Group's CEO?

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.

Who are some of Penske Automotive Group's key competitors?

What other stocks do shareholders of Penske Automotive Group own?

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).

What is Penske Automotive Group's stock symbol?

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

Who are Penske Automotive Group's major shareholders?

Penske Automotive Group's stock is owned by many different institutional and retail investors. Top institutional investors include LSV Asset Management (2.71%), BlackRock Inc. (1.81%), Victory Capital Management Inc. (1.20%), Private Management Group Inc. (0.63%), Geode Capital Management LLC (0.47%) and Northern Trust Corp (0.44%). 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 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 Victory Capital Management Inc., Northern Trust Corp, LSV Asset Management, Prudential Financial Inc., Rhumbline Advisers, Private Management Group Inc., New York State Common Retirement Fund, and BNP Paribas Arbitrage SA. Company insiders that have sold Penske Automotive Group company stock in the last year include Claude H Denker III, John Barr, and John D Jr Carlson.
View insider buying and selling activity for Penske Automotive Group
or view top insider-selling stocks.

Which major investors are buying Penske Automotive Group stock?

PAG stock was purchased by a variety of institutional investors in the last quarter, including Bahl & Gaynor Inc., JPMorgan Chase & Co., Cambria Investment Management L.P., EAM Investors LLC, BlackRock Inc., Russell Investments Group Ltd., Sei Investments Co., and Dupont Capital Management Corp.
View insider buying and selling activity for Penske Automotive Group
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Penske Automotive Group's stock price today?

One share of PAG stock can currently be purchased for approximately $86.61.

How much money does Penske Automotive Group make?

Penske Automotive Group has a market capitalization of $7.00 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.

How many employees does Penske Automotive Group have?

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

What is Penske Automotive Group's official website?

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

Where are Penske Automotive Group's headquarters?

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

How can I contact Penske Automotive Group?

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]


This page was last updated on 5/13/2021 by MarketBeat.com Staff
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