Zacks Research Brokers Lower Earnings Estimates for PAG

Penske Automotive Group, Inc. (NYSE:PAG) – Zacks Research reduced their Q1 2027 EPS estimates for shares of Penske Automotive Group in a note issued to investors on Friday, July 24th. Zacks Research analyst Team now expects that the company will earn $3.45 per share for the quarter, down from their prior estimate of $3.50. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.43 per share. Zacks Research also issued estimates for Penske Automotive Group’s Q2 2027 earnings at $3.49 EPS, Q3 2027 earnings at $3.66 EPS, Q4 2027 earnings at $3.70 EPS, FY2027 earnings at $14.30 EPS, Q1 2028 earnings at $3.71 EPS, Q2 2028 earnings at $3.64 EPS and FY2028 earnings at $14.94 EPS.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. Penske Automotive Group had a return on equity of 15.13% and a net margin of 2.85%.The business had revenue of $7.86 billion during the quarter, compared to analysts’ expectations of $7.71 billion. During the same quarter last year, the company posted $3.66 earnings per share. Penske Automotive Group’s quarterly revenue was down 1.1% on a year-over-year basis.

Several other equities analysts have also weighed in on the stock. Weiss Ratings raised shares of Penske Automotive Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Stephens lifted their target price on shares of Penske Automotive Group from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. UBS Group set a $190.00 price target on shares of Penske Automotive Group in a research note on Friday, July 10th. Barclays increased their price target on shares of Penske Automotive Group from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Morgan Stanley restated an “overweight” rating and set a $190.00 price objective on shares of Penske Automotive Group in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Penske Automotive Group presently has an average rating of “Moderate Buy” and an average price target of $196.00.

Penske Automotive Group Trading Down 0.7%

PAG stock opened at $215.85 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.96 and a quick ratio of 0.22. The company has a fifty day moving average price of $181.87 and a two-hundred day moving average price of $167.31. Penske Automotive Group has a one year low of $140.12 and a one year high of $219.59. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. acquired a new position in Penske Automotive Group in the 4th quarter valued at approximately $3,679,000. Independent Solutions Wealth Management LLC acquired a new position in shares of Penske Automotive Group during the fourth quarter worth $2,649,000. Norges Bank bought a new stake in shares of Penske Automotive Group in the fourth quarter worth $32,137,000. Diamant Asset Management Inc. grew its stake in shares of Penske Automotive Group by 14,852.0% in the first quarter. Diamant Asset Management Inc. now owns 884,411 shares of the company’s stock worth $132,237,000 after purchasing an additional 878,496 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Penske Automotive Group by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 388,977 shares of the company’s stock valued at $58,160,000 after purchasing an additional 13,210 shares during the period. Institutional investors own 77.08% of the company’s stock.

Insider Transactions at Penske Automotive Group

In other Penske Automotive Group news, Director Greg C. Smith sold 1,488 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $160.02, for a total value of $238,109.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michelle Hulgrave sold 1,500 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $171.80, for a total value of $257,700.00. Following the sale, the chief financial officer owned 17,596 shares in the company, valued at approximately $3,022,992.80. This trade represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 52.90% of the stock is currently owned by company insiders.

Penske Automotive Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $1.44 per share. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.42. This represents a $5.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. Penske Automotive Group’s payout ratio is 42.39%.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.