Penske Automotive Group (PAG) Stock Price, News & Analysis

Company Overview

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. The company is also involved in the sale of new and used motor vehicles, maintenance and repair services, sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, replacement and aftermarket automotive products, collision repair services, and wholesale of parts. In addition, it operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as offers a range of used trucks. Further, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks and buses, and Dennis Eagle refuse collection vehicles with associated parts. Additionally, the company distributes diesel and gas engines, and power systems. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.

Key Stats

• Today's Range: $162.30 to $164.80
• 50-Day Range: $150.51 to $162.87
• 52-Week Range: $142.32 to $179.72
• Volume: 151,050 shs
• Average Volume: 184,367 shs
• Market Capitalization: $10.95 billion
• P/E Ratio: 12.57
• Dividend Yield: 2.90%
• Price Target: $170.25
• Consensus Rating: Hold

Penske Automotive Group Stock Analysis - MarketRank™

Penske Automotive Group scored higher than 71% of companies evaluated by MarketBeat, and ranked 110th out of 210 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Penske Automotive Group has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Penske Automotive Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.49%

Earnings Growth

Earnings for Penske Automotive Group are expected to grow by 2.49% in the coming year, from $13.63 to $13.97 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Penske Automotive Group is 12.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Penske Automotive Group is 12.57, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 122.49.

Price to Book Value per Share Ratio

Penske Automotive Group has a P/B Ratio of 2.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.50% of the float of Penske Automotive Group has been sold short.

Short Interest Ratio / Days to Cover

Penske Automotive Group has a short interest ratio ("days to cover") of 7.6.

Change versus previous month

Short interest in Penske Automotive Group has recently decreased by 4.00%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Penske Automotive Group pays a meaningful dividend of 2.97%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Penske Automotive Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Penske Automotive Group is 36.48%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Penske Automotive Group will have a dividend payout ratio of 34.07% next year. This indicates that Penske Automotive Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.1 / 5
• Environmental Score: -2.61

Percentage of Shares Shorted

6.50% of the float of Penske Automotive Group has been sold short.

Short Interest Ratio / Days to Cover

Penske Automotive Group has a short interest ratio ("days to cover") of 7.6.

Change versus previous month

Short interest in Penske Automotive Group has recently decreased by 4.00%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.06

News Sentiment

Penske Automotive Group has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Penske Automotive Group this week, compared to 4 articles on an average week.

Search Interest

Only 5 people have searched for PAG on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Penske Automotive Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Penske Automotive Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

51.70% of the stock of Penske Automotive Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

77.08% of the stock of Penske Automotive Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PAG Stock Analysis - Frequently Asked Questions

How have PAG shares performed this year?

Penske Automotive Group's stock was trading at $160.51 at the start of the year. Since then, PAG stock has increased by 2.2% and is now trading at $164.02.
View the best growth stocks for 2024 here.

How were Penske Automotive Group's earnings last quarter?

Penske Automotive Group, Inc. (NYSE:PAG) issued its quarterly earnings results on Tuesday, October, 29th. The company reported $3.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by $0.02. The company's quarterly revenue was up 1.9% compared to the same quarter last year.

Who are Penske Automotive Group's major shareholders?

Top institutional investors of Penske Automotive Group include State Street Corp (0.91%), Geode Capital Management LLC (0.47%), Bruni J V & Co. Co. (0.29%) and Private Management Group Inc. (0.28%). Insiders that own company stock include Greg C Smith, Shane M Spradlin, Robert H Kurnick Jr, Sandra E Pierce, Michelle Hulgrave, Kimberly J Mcwaters and John Barr.
View institutional ownership trends.

How do I buy shares of Penske Automotive Group?

Shares of PAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Penske Automotive Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Penske Automotive Group investors own include Salesforce (CRM), Meta Platforms (META), NVIDIA (NVDA), QUALCOMM (QCOM), Chevron (CVX), Broadcom (AVGO) and Advanced Micro Devices (AMD).

Company Calendar

• Ex-Dividend for 9/4 Dividend: 8/15/2024
• Dividend Payable: 9/04/2024
• Last Earnings: 10/29/2024
• Ex-Dividend for 12/3 Dividend: 11/15/2024
• Today: 11/22/2024
• Dividend Payable: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Automotive dealers & gasoline service stations
• Sub-Industry: Automotive Retail
• Current Symbol: NYSE:PAG
• CUSIP: 70959W10
• CIK: 1019849
• Web: www.penskeautomotive.com
• Phone: (248) 648-2500
• Fax: 248-648-2525
• Employees: 44,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $170.25
• High Stock Price Target: $180.00
• Low Stock Price Target: $160.00
• Potential Upside/Downside: +3.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.05
• Trailing P/E Ratio: 12.57
• Forward P/E Ratio: 12.03
• P/E Growth: N/A
• Net Income: $1.05 billion
• Net Margins: 2.91%
• Pretax Margin: 3.93%
• Return on Equity: 18.38%
• Return on Assets: 5.56%

Debt

• Debt-to-Equity Ratio: 0.22
• Current Ratio: 0.91
• Quick Ratio: 0.20

Sales & Book Value

• Annual Sales: $30.01 billion
• Price / Sales: 0.36
• Cash Flow: $18.92 per share
• Price / Cash Flow: 8.67
• Book Value: $78.39 per share
• Price / Book: 2.09

Miscellaneous

• Outstanding Shares: 66,769,000
• Free Float: 32,249,000
• Market Cap: $10.95 billion
• Optionable: Optionable
• Beta: 1.17