Seaport Res Ptn Issues Positive Outlook for PAG Earnings

Penske Automotive Group, Inc. (NYSE:PAG - Free Report) - Seaport Res Ptn boosted their Q1 2025 earnings per share (EPS) estimates for Penske Automotive Group in a report issued on Sunday, April 20th. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings per share of $3.31 for the quarter, up from their prior estimate of $3.17. The consensus estimate for Penske Automotive Group's current full-year earnings is $13.86 per share. Seaport Res Ptn also issued estimates for Penske Automotive Group's Q3 2025 earnings at $3.50 EPS and FY2026 earnings at $14.10 EPS.

Several other brokerages have also weighed in on PAG. JPMorgan Chase & Co. lowered their price objective on Penske Automotive Group from $165.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. Citigroup initiated coverage on Penske Automotive Group in a research report on Wednesday. They set a "buy" rating and a $185.00 price objective for the company. StockNews.com raised shares of Penske Automotive Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Stephens reiterated an "equal weight" rating and set a $165.00 price target on shares of Penske Automotive Group in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $170.00.

Penske Automotive Group Trading Down 0.3 %

Shares of Penske Automotive Group stock traded down $0.54 during mid-day trading on Tuesday, hitting $157.58. The stock had a trading volume of 145,993 shares, compared to its average volume of 195,399. The firm has a market cap of $10.52 billion, a P/E ratio of 11.46 and a beta of 1.03. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $154.45 and a two-hundred day moving average of $158.07. Penske Automotive Group has a 12-month low of $134.05 and a 12-month high of $180.12.

Penske Automotive Group (NYSE:PAG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $3.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.37 by $0.17. Penske Automotive Group had a net margin of 3.02% and a return on equity of 18.05%. The firm had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.56 billion.

Institutional Investors Weigh In On Penske Automotive Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealthspire Advisors LLC increased its holdings in Penske Automotive Group by 2.4% in the fourth quarter. Wealthspire Advisors LLC now owns 2,738 shares of the company's stock valued at $417,000 after buying an additional 63 shares during the last quarter. Blue Chip Partners LLC increased its holdings in shares of Penske Automotive Group by 0.7% in the 4th quarter. Blue Chip Partners LLC now owns 10,606 shares of the company's stock valued at $1,617,000 after acquiring an additional 73 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Penske Automotive Group by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company's stock worth $40,000 after acquiring an additional 81 shares in the last quarter. Tidal Investments LLC lifted its stake in Penske Automotive Group by 5.1% during the third quarter. Tidal Investments LLC now owns 1,830 shares of the company's stock worth $297,000 after purchasing an additional 88 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Penske Automotive Group by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 2,055 shares of the company's stock worth $313,000 after purchasing an additional 109 shares during the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Penske Automotive Group

In related news, Director John Barr sold 1,529 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $155.45, for a total transaction of $237,683.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Claude H. Denker III sold 8,746 shares of Penske Automotive Group stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $173.03, for a total transaction of $1,513,320.38. Following the completion of the transaction, the executive vice president now owns 28,917 shares of the company's stock, valued at $5,003,508.51. This represents a 23.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 51.70% of the company's stock.

Penske Automotive Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were issued a $1.22 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.10%. This is a boost from Penske Automotive Group's previous quarterly dividend of $1.19. Penske Automotive Group's payout ratio is 35.49%.

About Penske Automotive Group

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.