NYSE:PAG - Penske Automotive Group Stock Price, Forecast & News

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, October 16th. Stockholders of record on Friday, November 8th will be given a dividend of $0.41 per share on Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from Penske Automotive Group's previous quarterly dividend of $0.40. View Penske Automotive Group's Dividend History.

Penske Automotive Group, Inc. (NYSE:PAG) issued its earnings results on Tuesday, October, 29th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.41 by $0.01. The business earned $5.97 billion during the quarter, compared to the consensus estimate of $5.89 billion. Penske Automotive Group had a net margin of 1.91% and a return on equity of 16.40%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. View Penske Automotive Group's Earnings History.

Penske Automotive Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Penske Automotive Group.

Penske Automotive Group will be holding an earnings conference call on Wednesday, February 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

5 equities research analysts have issued 12-month target prices for Penske Automotive Group's shares. Their forecasts range from $57.00 to $61.00. On average, they anticipate Penske Automotive Group's stock price to reach $59.33 in the next twelve months. This suggests a possible upside of 22.8% 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 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Penske Automotive Group.

Press coverage about PAG stock has been trending extremely negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Penske Automotive Group earned a news impact score of -4.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely 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 December. As of December 31st, there was short interest totalling 5,220,000 shares, a drop of 5.9% from the December 15th total of 5,550,000 shares. Based on an average daily volume of 316,000 shares, the days-to-cover ratio is currently 16.5 days. Currently, 15.7% of the shares of the company are short sold. View Penske Automotive Group's Current Options Chain.

Some companies that are related to Penske Automotive Group include O'Reilly Automotive (ORLY), AutoZone (AZO), CarMax (KMX), Advance Auto Parts (AAP), AutoNation (AN), Lithia Motors (LAD), Monro (MNRO), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), PROSPECT CAPITAL 6.25 NTS (PBY), Sonic Automotive (SAH) 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), Schlumberger (SLB), Lululemon Athletica (LULU), AbbVie (ABBV), Harman International Industries (HAR), Novartis (NVS) and Intel (INTC).

Penske Automotive Group's stock is owned by many different of retail and institutional investors. Top institutional investors include Fenimore Asset Management Inc. (0.52%), Strs Ohio (0.08%), Occidental Asset Management LLC (0.02%), Wedbush Securities Inc. (0.02%), SeaCrest Wealth Management LLC (0.01%) and IFP Advisors Inc (0.01%). Company insiders that own Penske Automotive Group stock include & Co Ltd Mitsui, 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, James Investment Research Inc. and IFP Advisors Inc. Company insiders that have sold Penske Automotive Group company stock in the last year include John Barr, John D Jr Carlson, Kimberly J Mcwaters, 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 SeaCrest Wealth Management LLC, Fenimore Asset Management Inc., Burke & Herbert Bank & Trust Co., Occidental Asset Management LLC, CENTRAL TRUST Co and Wedbush Securities Inc.. 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, Robinhood, Fidelity and Charles Schwab.

One share of PAG stock can currently be purchased for approximately $48.32.

Penske Automotive Group has a market capitalization of $3.92 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]