PAG stock icon

Penske Automotive Group

167.46 USD
+0.92
0.55%
At close Dec 2, 4:00 PM EST
After hours
167.46
+0.00
0.00%
1 day
0.55%
5 days
0.72%
1 month
10.40%
3 months
0.50%
6 months
9.13%
Year to date
4.34%
1 year
8.40%
5 years
230.88%
10 years
249.60%
 

About: Penske Automotive Group operates in about 20 US states and overseas. It has over 150 US and Puerto Rico light-vehicle stores as well as 210 franchised dealerships overseas, primarily in the United Kingdom but also in Australia, Continental Europe, and Japan. The company is the third-largest US-based dealership in terms of light-vehicle revenue and sells more than 40 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other segments are service and finance and insurance. The firm's Premier Truck Group owns 46 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns nearly 20 used-vehicle stores, mostly in the US and UK under the CarShop (US) and Sytner Select (UK) brands. Penske is based in Bloomfield Hills, Michigan,

Employees: 28,500

0
Funds holding %
of 6,780 funds
0
Analysts bullish %
of 4 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

34% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 38

4% more funds holding

Funds holding: 351 [Q2] → 364 (+13) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

1% less capital invested

Capital invested by funds: $2.59B [Q2] → $2.56B (-$23.9M) [Q3]

2.19% less ownership

Funds ownership: 25.94% [Q2] → 23.75% (-2.19%) [Q3]

26% less repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 137

48% less call options, than puts

Call options by funds: $21.8M | Put options by funds: $42.1M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$160
4%
downside
Avg. target
$168
0%
upside
High target
$180
7%
upside

4 analyst ratings

positive
50%
neutral
25%
negative
25%
Seaport Global
Glenn Chin
100% 1-year accuracy
4 / 4 met price target
2%upside
$170
Buy
Maintained
22 Nov 2024
Morgan Stanley
Adam Jonas
61% 1-year accuracy
30 / 49 met price target
7%upside
$180
Overweight
Upgraded
25 Sept 2024
Stephens & Co.
Jeff Lick
50% 1-year accuracy
3 / 6 met price target
4%downside
$161
Equal-Weight
Initiated
12 Sept 2024
JP Morgan
Rajat Gupta
83% 1-year accuracy
15 / 18 met price target
4%downside
$160
Underweight
Maintained
10 Sept 2024

Financial journalist opinion

Based on 5 articles about PAG published over the past 30 days

Neutral
PRNewsWire
1 day ago
PENSKE AUTOMOTIVE GROUP COMPLETES ACQUISITION OF ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA
Strategic Partnership Expected to Elevate Customer Experience Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide BLOOMFIELD HILLS, Mich. , Dec. 2, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, has completed the acquisition of Porsche Centre Melbourne, located in Melbourne, Australia, from Porsche Retail Group Australia Pty Ltd.
PENSKE AUTOMOTIVE GROUP COMPLETES ACQUISITION OF ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA
Neutral
CNBC Television
3 days ago
November's auto sales see higher incentives and greater deals
CNBC's Phil LeBeau reports on Black Friday for auto dealers.
November's auto sales see higher incentives and greater deals
Positive
Zacks Investment Research
4 days ago
Penske (PAG) Up 9.4% Since Last Earnings Report: Can It Continue?
Penske (PAG) reported earnings 30 days ago. What's next for the stock?
Penske (PAG) Up 9.4% Since Last Earnings Report: Can It Continue?
Positive
Seeking Alpha
1 week ago
Penske Automotive Has Compounded Intrinsic Value By 17% A Year Since 2019 And Remains Attractively Valued
Penske Automotive Group has compounded NOPAT by 17% annually since 2019, reflecting significant post-pandemic growth and increased earnings power. Despite declining balance sheet efficiency, ROIC has marginally improved from 6.4% to 6.6%, showcasing stable profitability. The firm's intrinsic value has doubled since 2019, with a PEBV of 1.33, indicating attractive valuation and strong future growth potential.
Penske Automotive Has Compounded Intrinsic Value By 17% A Year Since 2019 And Remains Attractively Valued
Neutral
Business Wire
1 week ago
CUPRA in preliminary talks with Penske Automotive Group ahead of entering the US market by 2030
LOS ANGELES--(BUSINESS WIRE)--CUPRA, the unconventional challenger brand that inspires the world from Barcelona, has begun preliminary talks with Penske Automotive Group to explore a new partnership ahead of entering the U.S. market by the end of the decade. Since its launch in 2018, CUPRA, the first new automotive brand created within the Volkswagen Group, has sold over 750,000 cars. The brand, which has already proven to be a success in Europe, will now take its unstoppable impulse to the Uni.
CUPRA in preliminary talks with Penske Automotive Group ahead of entering the US market by 2030
Negative
Zacks Investment Research
1 month ago
Penske Q3 Earnings Miss Expectations, Revenues Rise Y/Y
PAG misses third-quarter earnings estimates on lower-than-expected results from the Retail Automotive segment.
Penske Q3 Earnings Miss Expectations, Revenues Rise Y/Y
Neutral
Seeking Alpha
1 month ago
Penske Automotive Group, Inc. (PAG) Q3 2024 Earnings Call Transcript
Penske Automotive Group, Inc. (NYSE:PAG ) Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Tony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and Chief Executive Officer Rich Shearing - North American Operations Randall Seymore - International Operations Shelley Hulgrave - Executive Vice President and Chief Financial Officer Conference Call Participants John Murphy - Bank of America Ron Jewsikow - Guggenheim Securities Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Ladies and gentlemen, good afternoon, welcome to the Penske Automotive Group Third Quarter 2024 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately one hour after completion through November 6, 2024, on the Company's website under the Investors tab at www.penskeautomotive.com.
Penske Automotive Group, Inc. (PAG) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 month ago
Penske (PAG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Penske (PAG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Penske (PAG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Negative
Zacks Investment Research
1 month ago
Penske Automotive (PAG) Q3 Earnings and Revenues Lag Estimates
Penske Automotive (PAG) came out with quarterly earnings of $3.36 per share, missing the Zacks Consensus Estimate of $3.48 per share. This compares to earnings of $3.90 per share a year ago.
Penske Automotive (PAG) Q3 Earnings and Revenues Lag Estimates
Neutral
PRNewsWire
1 month ago
PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
Quarterly Revenue Increases 2% to $7.6 Billion Record Quarterly Retail Automotive Service and Parts Revenue of $778.0 Million, up 14% Same-Store Retail Automotive Service and Parts Revenue up 7% and Related Gross Profit up 6% Earnings Before Taxes of $304.4 Million and Earnings Per Share of $3.39 BLOOMFIELD HILLS, Mich. , Oct. 29, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced quarterly results for the third quarter of 2024.
PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
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