Penske Automotive Group (PAG) News Today

Penske Automotive Group, Inc. (NYSE: PAG) is receiving a mixed but slightly constructive earnings-estimate update from Zacks Research. The revisions suggest improved expectations for fiscal 2026 and fiscal 2028, while forecasts for several fiscal 2027 quarters were reduced. This combination may provide some support for the stock, although the cuts point to potential near-term earnings pressure.

• Positive Sentiment: Zacks raised its fiscal 2026 EPS forecast to $13.65 from $13.43, above the current consensus estimate of $13.61. The firm also lifted its Q3 2026 estimate slightly to $3.48 from $3.47.
• Positive Sentiment: Longer-term expectations improved, with fiscal 2028 EPS raised to $15.03 from $14.94 and Q2 2028 EPS increased to $3.76 from $3.64. Q2 2027 EPS was also raised to $3.55 from $3.49.
• Neutral Sentiment: The revisions follow Penske Automotive’s latest quarterly results, in which revenue increased 11.1% year over year to $8.51 billion and EPS of $3.62 exceeded the $3.42 analyst consensus. However, quarterly EPS was below the $3.78 reported in the year-ago period.
• Negative Sentiment: Zacks lowered several fiscal 2027 and 2028 near-term estimates, including Q1 2027 EPS to $3.38 from $3.45, Q3 2027 to $3.57 from $3.66, and Q4 2027 to $3.65 from $3.70. Its fiscal 2027 forecast fell to $14.15 from $14.30, while Q4 2026 EPS was trimmed to $3.50 from $3.53.

Overall, the upward revisions to fiscal 2026 and fiscal 2028 earnings are supportive for PAG shares, which have been trading near their 12-month high. Still, the lower fiscal 2027 projections and the company’s relatively thin net margin highlight risks to sustained earnings growth.