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NYSE:PAG

Penske Automotive Group Stock Forecast, Price & News

$46.31
+0.08 (+0.17 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$45.58
Now: $46.31
$46.62
50-Day Range
$45.63
MA: $47.99
$49.72
52-Week Range
$19.99
Now: $46.31
$53.81
Volume15,759 shs
Average Volume385,839 shs
Market Capitalization$3.72 billion
P/E Ratio11.97
Dividend YieldN/A
Beta1.7
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 also 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 9 company-owned retail commercial vehicle dealerships. As of December 31, 2018, it operated 345 automotive retail franchises, of which 154 franchises are located in the United States; and 191 franchises are located outside of the United States primarily in the United Kingdom. The company also operated 20 dealership 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.60 out of 5 stars


Industry, Sector and Symbol

Industry Automotive dealers & gasoline service stations
Sub-IndustryAutomotive Retail
CUSIP70959W10
Phone248-648-2500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.18 billion
Cash Flow$6.50 per share
Book Value$34.68 per share

Profitability

Net Income$435.80 million

Miscellaneous

Employees27,000
Market Cap$3.72 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$46.31
+0.08 (+0.17 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Penske Automotive Group (NYSE:PAG) Frequently Asked Questions

How has Penske Automotive Group's stock price been impacted by Coronavirus?

Penske Automotive Group's stock was trading at $40.03 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PAG shares have increased by 15.7% and is now trading at $46.31.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Penske Automotive Group?

7 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Penske Automotive Group
.

When is Penske Automotive Group's next earnings date?

Penske Automotive Group is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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 earnings results on Wednesday, July, 29th. The company reported $0.56 EPS for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.01. The company earned $3.65 billion during the quarter, compared to analysts' expectations of $4.06 billion. Penske Automotive Group had a net margin of 1.53% and a return on equity of 11.48%. The firm's quarterly revenue was down 36.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 earnings per share.
View Penske Automotive Group's earnings history
.

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, February 12th. Shareholders of record on Monday, February 24th will be given a dividend of $0.42 per share on Tuesday, March 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Penske Automotive Group's previous quarterly dividend of $0.41.
View Penske Automotive Group's dividend history
.

What guidance has Penske Automotive Group issued on next quarter's earnings?

Penske Automotive Group updated its second quarter earnings guidance on Thursday, July, 16th. The company provided earnings per share (EPS) guidance of $0.52-0.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.18).

What price target have analysts set for PAG?

7 analysts have issued 1 year price targets for Penske Automotive Group's shares. Their forecasts range from $43.00 to $55.00. On average, they anticipate Penske Automotive Group's share price to reach $48.29 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
View analysts' price targets for Penske Automotive Group
.

Are investors shorting Penske Automotive Group?

Penske Automotive Group saw a decrease in short interest in August. As of August 31st, there was short interest totaling 3,890,000 shares, a decrease of 15.1% from the August 15th total of 4,580,000 shares. Based on an average daily trading volume, of 365,500 shares, the short-interest ratio is presently 10.6 days. Approximately 12.4% of the company's shares are short sold.
View Penske Automotive Group's Short Interest
.

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), L Brands (LB), Intel (INTC), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Novartis (NVS), Schlumberger (SLB) and Walt Disney (DIS).

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 & Director (Age 82)
  • Mr. Robert H. Kurnick Jr., Pres & Director (Age 57)
  • Mr. John D. Carlson Jr., Exec. VP & CFO (Age 49)
  • Mr. Shane M. Spradlin, Exec. VP, Gen. Counsel & Sec. (Age 49)
  • Mr. Claude H. Denker III, Exec. VP of HR (Age 60)

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 Vanguard Group Inc. (3.55%), LSV Asset Management (3.17%), Victory Capital Management Inc. (2.64%), Bank of America Corp DE (0.90%), London Co. of Virginia (0.76%) and AQR Capital Management LLC (0.71%). Company insiders that own Penske Automotive Group stock include 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 institutional investors are selling Penske Automotive Group stock?

PAG stock was sold by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc., Vanguard Group Inc., Bank of New York Mellon Corp, Bank of America Corp DE, Prudential PLC, Man Group plc, Victory Capital Management Inc., and FMR LLC. Company insiders that have sold Penske Automotive Group company stock in the last year include John Barr, John D Jr Carlson, and Kimberly J Mcwaters.
View insider buying and selling activity for Penske Automotive Group
.

Which institutional investors are buying Penske Automotive Group stock?

PAG stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Ensign Peak Advisors Inc, Goldman Sachs Group Inc., First Trust Advisors LP, Cubist Systematic Strategies LLC, LSV Asset Management, Tudor Investment Corp Et Al, and Aigen Investment Management LP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Penske Automotive Group's stock price today?

One share of PAG stock can currently be purchased for approximately $46.31.

How big of a company is Penske Automotive Group?

Penske Automotive Group has a market capitalization of $3.72 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. Penske Automotive Group employs 27,000 workers across the globe.

What is Penske Automotive Group's official website?

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

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 9/28/2020 by MarketBeat.com Staff

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