FY2025 EPS Estimates for PAG Decreased by Seaport Res Ptn

Penske Automotive Group, Inc. (NYSE:PAG - Free Report) - Seaport Res Ptn dropped their FY2025 earnings per share (EPS) estimates for Penske Automotive Group in a research report issued to clients and investors on Thursday, January 16th. Seaport Res Ptn analyst G. Chin now expects that the company will earn $13.64 per share for the year, down from their previous forecast of $13.69. The consensus estimate for Penske Automotive Group's current full-year earnings is $13.50 per share.

Other analysts also recently issued research reports about the company. Morgan Stanley upgraded Penske Automotive Group from an "underweight" rating to an "overweight" rating and upped their price target for the stock from $115.00 to $180.00 in a research note on Wednesday, September 25th. Benchmark started coverage on Penske Automotive Group in a research note on Thursday, December 12th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Penske Automotive Group currently has an average rating of "Hold" and a consensus target price of $170.25.

Penske Automotive Group Stock Up 0.3 %

Shares of NYSE PAG traded up $0.42 on Monday, reaching $160.12. 219,342 shares of the company's stock traded hands, compared to its average volume of 152,250. The business's 50 day simple moving average is $159.53 and its two-hundred day simple moving average is $158.96. Penske Automotive Group has a 12 month low of $142.32 and a 12 month high of $179.72. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 12.27 and a beta of 1.20. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22.

Penske Automotive Group (NYSE:PAG - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share for the quarter, missing analysts' consensus estimates of $3.41 by ($0.02). Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The business had revenue of $7.59 billion during the quarter, compared to analysts' expectations of $7.67 billion. During the same period in the prior year, the company earned $3.90 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year.

Hedge Funds Weigh In On Penske Automotive Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its stake in shares of Penske Automotive Group by 3.7% in the third quarter. CIBC Asset Management Inc now owns 1,946 shares of the company's stock worth $316,000 after purchasing an additional 69 shares during the last quarter. Applied Capital LLC FL raised its position in Penske Automotive Group by 0.4% in the 3rd quarter. Applied Capital LLC FL now owns 21,176 shares of the company's stock worth $3,439,000 after buying an additional 77 shares during the last quarter. GAMMA Investing LLC lifted its stake in Penske Automotive Group by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company's stock valued at $40,000 after acquiring an additional 81 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Penske Automotive Group by 0.5% during the 3rd quarter. Quantinno Capital Management LP now owns 16,648 shares of the company's stock valued at $2,704,000 after acquiring an additional 82 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in shares of Penske Automotive Group by 5.2% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,708 shares of the company's stock worth $277,000 after acquiring an additional 84 shares during the period. 77.08% of the stock is owned by institutional investors.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. 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.