Zacks Research Has Bearish Forecast for PAG Q3 Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Equities research analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for shares of Penske Automotive Group in a research note issued on Monday, March 16th. Zacks Research analyst Team now expects that the company will post earnings of $3.53 per share for the quarter, down from their prior estimate of $3.62. 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 FY2026 earnings at $13.81 EPS and Q1 2027 earnings at $3.84 EPS.

Penske Automotive Group (NYSE:PAG) last issued its earnings results on Wednesday, February 11th. The company reported $2.91 EPS for the quarter, missing the consensus estimate of $3.19 by ($0.28). The company had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.62 billion. Penske Automotive Group had a return on equity of 15.77% and a net margin of 2.91%.The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.54 EPS.

Several other research firms have also recently issued reports on PAG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Penske Automotive Group in a research note on Monday, December 8th. Bank of America initiated coverage on Penske Automotive Group in a research report on Tuesday, December 9th. They issued a “buy” rating and a $195.00 price objective on the stock. Weiss Ratings cut Penske Automotive Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Barclays raised their price target on Penske Automotive Group from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.43.

Penske Automotive Group Trading Up 0.8%

Shares of Penske Automotive Group stock opened at $145.26 on Wednesday. The company’s 50-day moving average price is $161.03 and its 200-day moving average price is $165.43. The company has a current ratio of 0.99, a quick ratio of 0.22 and a debt-to-equity ratio of 0.32. Penske Automotive Group has a 12-month low of $134.05 and a 12-month high of $189.51. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.50 and a beta of 0.90.

Penske Automotive Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Wednesday, February 25th were paid a $1.40 dividend. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.38. This represents a $5.60 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Penske Automotive Group’s payout ratio is currently 41.48%.

Institutional Investors Weigh In On Penske Automotive Group

Several hedge funds have recently added to or reduced their stakes in PAG. Bank of Montreal Can boosted its holdings in shares of Penske Automotive Group by 39,232.7% in the 4th quarter. Bank of Montreal Can now owns 863,352 shares of the company’s stock worth $136,660,000 after purchasing an additional 861,157 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Penske Automotive Group by 48.9% in the third quarter. Victory Capital Management Inc. now owns 1,391,281 shares of the company’s stock worth $241,958,000 after buying an additional 456,611 shares in the last quarter. Norges Bank bought a new position in Penske Automotive Group during the fourth quarter valued at approximately $32,137,000. Dimensional Fund Advisors LP raised its stake in shares of Penske Automotive Group by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,293,467 shares of the company’s stock worth $204,761,000 after acquiring an additional 156,308 shares in the last quarter. Finally, Hamlin Capital Management LLC bought a new stake in shares of Penske Automotive Group in the 4th quarter worth approximately $20,203,000. Institutional investors own 77.08% of the company’s stock.

More Penske Automotive Group News

Here are the key news stories impacting Penske Automotive Group this week:

• Positive Sentiment: Zacks raised Q1 2027 EPS to $3.84 (from $3.75) and modestly increased Q1 2026 and Q4 2026 quarter assumptions — a signal that some upcoming quarters may beat prior expectations, which could limit downside. MarketBeat report
• Positive Sentiment: Zacks lifted FY2028 EPS to $15.84 (from $15.77), which supports a longer‑term growth outlook and indicates analysts see recovery beyond the near term. MarketBeat report
• Neutral Sentiment: The consensus full‑year EPS stays roughly unchanged around $13.86, so aggregate street expectations for the current fiscal year remain stable despite the intra‑year shifts. MarketBeat report
• Negative Sentiment: Zacks cut multiple near‑term estimates: Q2 2026 (from $3.66 to $3.52), Q3 2026 (from $3.62 to $3.53), FY2026 (from $13.92 to $13.81) and trimmed FY2027 and several 2027 quarter forecasts — these downgrades imply weaker near‑term profitability and are likely the main reason for downward pressure on the stock today. MarketBeat report

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.