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 Thursday, January 31st. Investors of record on Monday, February 11th will be given a dividend of $0.38 per share on Friday, March 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Friday, February 8th. This is an increase from Penske Automotive Group's previous quarterly dividend of $0.37. View Penske Automotive Group's Dividend History.

Penske Automotive Group announced that its board has initiated a stock buyback program on Thursday, October 26th 2017, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Penske Automotive Group, Inc. (NYSE:PAG) released its earnings results on Thursday, April, 25th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.03. The business earned $5.56 billion during the quarter, compared to analysts' expectations of $5.74 billion. Penske Automotive Group had a return on equity of 17.73% and a net margin of 2.07%. Penske Automotive Group's revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. View Penske Automotive Group's Earnings History.

Penske Automotive Group is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Penske Automotive Group.

5 equities research analysts have issued 1 year price objectives for Penske Automotive Group's shares. Their predictions range from $50.00 to $61.00. On average, they anticipate Penske Automotive Group's stock price to reach $55.60 in the next year. This suggests a possible upside of 20.0% 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.

Press coverage about PAG stock has trended somewhat positive on Friday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Penske Automotive Group earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company's share price in the immediate future.

Some companies that are related to Penske Automotive Group include CarMax (KMX), Carvana (CVNA), KAR Auction Services (KAR), Casey's General Stores (CASY), AutoNation (AN), Murphy USA (MUSA), Lithia Motors (LAD), Rush Enterprises (RUSHB), Rush Enterprises (RUSHA), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Camping World (CWH), Fincera (YUANF), America's Car-Mart (CRMT) and Sonic Automotive (SAH).

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), Novartis (NVS), Blackstone Group (BX), Harman International Industries (HAR), Schlumberger (SLB), Lululemon Athletica (LULU) and Micron Technology (MU).

Penske Automotive Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fenimore Asset Management Inc. (0.47%), Strs Ohio (0.10%), Bowling Portfolio Management LLC (0.08%), Edmp Inc. (0.06%), Blue Chip Partners Inc. (0.05%) and Brinker Capital Inc. (0.04%). Company insiders that own Penske Automotive Group stock include & Co Ltd Mitsui, Claude H Denker III, 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 Strs Ohio, Fenimore Asset Management Inc., First Hawaiian Bank, Bowling Portfolio Management LLC, Fruth Investment Management and Alpha Windward LLC. Company insiders that have sold Penske Automotive Group company stock in the last year include John Barr, Kimberly J Mcwaters and Shane M Spradlin. View Insider Buying and Selling for Penske Automotive Group.

PAG stock was acquired by a variety of institutional investors in the last quarter, including Edmp Inc., Donaldson Capital Management LLC, Brinker Capital Inc., Oppenheimer & Co. Inc., Wedbush Securities Inc., Sageworth Trust Co and Blue Chip Partners Inc.. 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 $46.32.

Penske Automotive Group has a market capitalization of $3.90 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.

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]