Zacks Research Has Pessimistic Outlook of PAG Q4 Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Investment analysts at Zacks Research dropped their Q4 2027 earnings per share (EPS) estimates for shares of Penske Automotive Group in a research note issued to investors on Friday, May 29th. Zacks Research analyst Team now expects that the company will post earnings per share of $3.72 for the quarter, down from their prior estimate of $3.73. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.44 per share.

PAG has been the subject of several other reports. Barclays dropped their target price on Penske Automotive Group from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Stephens lifted their target price on Penske Automotive Group from $155.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. UBS Group started coverage on Penske Automotive Group in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $167.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $190.00 target price on shares of Penske Automotive Group in a research report on Thursday, May 7th. Finally, Citigroup lifted their target price on Penske Automotive Group from $193.00 to $199.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.63.

Penske Automotive Group Stock Performance

NYSE PAG opened at $170.43 on Tuesday. The company has a market cap of $11.21 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.17 and a beta of 0.87. 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 stock has a 50-day moving average of $159.47 and a two-hundred day moving average of $160.76. Penske Automotive Group has a 1-year low of $140.12 and a 1-year high of $189.51.

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

Penske Automotive Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Tuesday, May 26th. Penske Automotive Group’s dividend payout ratio is currently 42.39%.

Insider Transactions at Penske Automotive Group

In related news, Director Greg C. Smith sold 1,488 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $160.02, for a total value of $238,109.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 52.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Penske Automotive Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in shares of Penske Automotive Group by 28.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 380,267 shares of the company’s stock valued at $54,751,000 after buying an additional 84,045 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Penske Automotive Group by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,884 shares of the company’s stock valued at $9,918,000 after buying an additional 3,100 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Penske Automotive Group in the 1st quarter valued at $42,000. EverSource Wealth Advisors LLC grew its position in shares of Penske Automotive Group by 506.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 880 shares of the company’s stock valued at $151,000 after buying an additional 735 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Penske Automotive Group by 47.0% in the 2nd quarter. Brown Advisory Inc. now owns 3,108 shares of the company’s stock valued at $534,000 after buying an additional 994 shares during the last quarter. 77.08% of the stock is owned by institutional investors and hedge funds.

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.