Zacks Research Issues Positive Estimate for PAG Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Equities researchers at Zacks Research boosted their Q1 2027 earnings per share (EPS) estimates for shares of Penske Automotive Group in a report issued on Tuesday, June 24th. Zacks Research analyst L. Sahu now expects that the company will post earnings per share of $3.50 for the quarter, up from their previous forecast of $3.46. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.86 per share. Zacks Research also issued estimates for Penske Automotive Group’s FY2027 earnings at $15.06 EPS.

A number of other research analysts have also recently commented on the company. Wall Street Zen upgraded Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 23rd. Bank of America lifted their price target on Penske Automotive Group from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Citigroup lifted their price target on Penske Automotive Group from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. cut their price target on Penske Automotive Group from $165.00 to $140.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Finally, Stephens reissued an “equal weight” rating and set a $140.00 price target on shares of Penske Automotive Group in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.00.

Penske Automotive Group Stock Up 0.2%

Shares of NYSE PAG opened at $173.59 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.23 and a current ratio of 0.90. Penske Automotive Group has a 52 week low of $134.05 and a 52 week high of $180.12. The stock has a market capitalization of $11.49 billion, a P/E ratio of 12.22, a PEG ratio of 1.67 and a beta of 0.91. The stock’s fifty day moving average is $163.81 and its 200 day moving average is $159.83.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Wednesday, April 30th. The company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.12. Penske Automotive Group had a return on equity of 17.80% and a net margin of 3.10%. The company had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter last year, the firm earned $3.21 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis.

Penske Automotive Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Penske Automotive Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 27th were paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.22. The ex-dividend date was Tuesday, May 27th. Penske Automotive Group’s dividend payout ratio (DPR) is presently 35.49%.

Insider Buying and Selling

In related news, EVP Shane M. Spradlin sold 3,158 shares of Penske Automotive Group stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $167.10, for a total value of $527,701.80. Following the transaction, the executive vice president now directly owns 36,152 shares of the company’s stock, valued at $6,040,999.20. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg C. Smith sold 1,529 shares of Penske Automotive Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $161.64, for a total value of $247,147.56. The disclosure for this sale can be found here. Insiders have sold a total of 82,044 shares of company stock valued at $13,257,948 over the last ninety days. 51.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Penske Automotive Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Penske Automotive Group in the fourth quarter worth approximately $40,000. Acadian Asset Management LLC acquired a new position in Penske Automotive Group in the first quarter valued at approximately $42,000. UMB Bank n.a. lifted its stake in Penske Automotive Group by 421.5% in the first quarter. UMB Bank n.a. now owns 339 shares of the company’s stock valued at $49,000 after buying an additional 274 shares during the period. GAMMA Investing LLC lifted its stake in Penske Automotive Group by 51.9% in the first quarter. GAMMA Investing LLC now owns 398 shares of the company’s stock valued at $57,000 after buying an additional 136 shares during the period. Finally, Brooklyn Investment Group lifted its stake in Penske Automotive Group by 353.0% in the first quarter. Brooklyn Investment Group now owns 453 shares of the company’s stock valued at $65,000 after buying an additional 353 shares during the period. 77.08% of the stock is owned by institutional investors and hedge funds.

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.