Q1 EPS Estimate for Penske Automotive Group Cut by Analyst

Penske Automotive Group, Inc. (NYSE:PAG) – Equities research analysts at Zacks Research cut 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 forecasts that the company will earn $3.45 per share for the quarter, down from their previous estimate of $3.50. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.45 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 earnings results on Wednesday, April 29th. The company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.91 by $0.14. Penske Automotive Group had a net margin of 2.85% and a return on equity of 15.13%. The firm had revenue of $7.86 billion during the quarter, compared to analysts’ expectations of $7.71 billion. During the same period last year, the company posted $3.66 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year.

Several other analysts have also commented on PAG. UBS Group set a $190.00 price objective on shares of Penske Automotive Group in a report on Friday, July 10th. Benchmark downgraded Penske Automotive Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Barclays increased their target price on Penske Automotive Group from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Stephens raised their target price on Penske Automotive Group from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Penske Automotive Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.00.

Penske Automotive Group Price Performance

Shares of NYSE PAG opened at $219.50 on Monday. Penske Automotive Group has a 1 year low of $140.12 and a 1 year high of $220.13. The stock has a market capitalization of $14.43 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.79 and a beta of 0.87. The company’s 50-day moving average is $183.13 and its 200 day moving average is $167.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.96 and a quick ratio of 0.22.

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 an increase from Penske Automotive Group’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.76 dividend on an annualized basis and a yield of 2.6%. Penske Automotive Group’s dividend payout ratio is 42.39%.

Insider Activity

In related news, CFO Michelle Hulgrave sold 1,500 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $171.80, for a total transaction of $257,700.00. Following the sale, the chief financial officer owned 17,596 shares of the company’s stock, valued at $3,022,992.80. The trade was a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Greg C. Smith sold 1,488 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $160.02, for a total transaction of $238,109.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 52.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAG. Handelsbanken Fonder AB grew its stake in shares of Penske Automotive Group by 1.7% in the second quarter. Handelsbanken Fonder AB now owns 6,016 shares of the company’s stock worth $1,077,000 after acquiring an additional 100 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Penske Automotive Group by 102.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,426 shares of the company’s stock worth $1,150,000 after purchasing an additional 3,253 shares in the last quarter. GAMMA Investing LLC grew its position in Penske Automotive Group by 26.5% during the 2nd quarter. GAMMA Investing LLC now owns 429 shares of the company’s stock valued at $77,000 after purchasing an additional 90 shares during the last quarter. Versant Capital Management Inc increased its stake in Penske Automotive Group by 179.0% during the 2nd quarter. Versant Capital Management Inc now owns 279 shares of the company’s stock valued at $50,000 after purchasing an additional 179 shares in the last quarter. Finally, CX Institutional increased its stake in Penske Automotive Group by 260.3% during the 2nd quarter. CX Institutional now owns 7,436 shares of the company’s stock valued at $1,331,000 after purchasing an additional 5,372 shares in the last quarter. Hedge funds and other institutional investors own 77.08% of the company’s stock.

About Penske Automotive Group

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.