Zacks Research Brokers Reduce Earnings Estimates for PAG

Penske Automotive Group, Inc. (NYSE:PAG) – Analysts at Zacks Research dropped their Q1 2027 EPS estimates for Penske Automotive Group in a research report issued on Friday, May 29th. Zacks Research analyst Team now expects that the company will post earnings of $3.50 per share for the quarter, down from their previous forecast of $3.53. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.44 per share. Zacks Research also issued estimates for Penske Automotive Group’s Q3 2027 earnings at $3.67 EPS, FY2027 earnings at $14.39 EPS, Q1 2028 earnings at $3.74 EPS and FY2028 earnings at $15.02 EPS.

Several other analysts also recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $190.00 target price on shares of Penske Automotive Group in a report on Thursday, May 7th. Stephens lifted their target price on shares of Penske Automotive Group from $155.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. UBS Group initiated coverage on shares of Penske Automotive Group in a report on Wednesday. They issued a “neutral” rating and a $167.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Penske Automotive Group from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of Penske Automotive Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Penske Automotive Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.63.

Penske Automotive Group Stock Down 0.1%

Shares of NYSE:PAG opened at $167.12 on Monday. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.17 and a beta of 0.87. The firm’s 50-day simple moving average is $158.95 and its 200-day simple moving average is $160.67. The company has a quick ratio of 0.22, a current ratio of 0.96 and a debt-to-equity ratio of 0.39. Penske Automotive Group has a fifty-two week low of $140.12 and a fifty-two week high of $189.51.

Penske Automotive Group (NYSE:PAG) last issued its earnings results on Wednesday, April 29th. The company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.14. The business had revenue of $7.86 billion for the quarter, compared to the consensus estimate of $7.71 billion. Penske Automotive Group had a net margin of 2.85% and a return on equity of 15.13%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.66 earnings per share.

Penske Automotive Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th will be issued a dividend of $1.42 per share. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.40. This represents a $5.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, May 26th. Penske Automotive Group’s payout ratio is presently 42.39%.

Insider Buying and Selling

In related news, Director Greg C. Smith sold 1,488 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $160.02, for a total transaction of $238,109.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 52.90% of the company’s stock.

Institutional Trading of Penske Automotive Group

A number of institutional investors have recently added to or reduced their stakes in PAG. Diamant Asset Management Inc. boosted its holdings in Penske Automotive Group by 14,852.0% during the first quarter. Diamant Asset Management Inc. now owns 884,411 shares of the company’s stock worth $132,237,000 after buying an additional 878,496 shares in the last quarter. Bank of Montreal Can boosted its holdings in Penske Automotive Group by 39,232.7% during the fourth quarter. Bank of Montreal Can now owns 863,352 shares of the company’s stock worth $136,660,000 after buying an additional 861,157 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Penske Automotive Group by 48.9% during 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 purchased a new stake in shares of Penske Automotive Group in the fourth quarter valued at about $32,137,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Penske Automotive Group by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,293,467 shares of the company’s stock valued at $204,761,000 after purchasing an additional 156,308 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.