Zacks Research Issues Pessimistic Forecast for PAG Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Research analysts at Zacks Research lowered their Q1 2027 earnings estimates for Penske Automotive Group in a report released on Friday, July 24th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $3.45 for the quarter, down from their previous estimate of $3.50. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.43 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 issued its quarterly 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. The firm had revenue of $7.86 billion during the quarter, compared to analyst estimates of $7.71 billion. Penske Automotive Group had a net margin of 2.85% and a return on equity of 15.13%. Penske Automotive Group’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.66 earnings per share.

PAG has been the topic of several other reports. 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 boosted their price target 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. Citigroup lowered Penske Automotive Group from a “buy” rating to a “neutral” rating and upped their price target for the stock from $199.00 to $210.00 in a research note on Thursday. Morgan Stanley restated an “overweight” rating and issued a $190.00 price objective on shares of Penske Automotive Group in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Penske Automotive Group from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Five equities 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $196.00.

Penske Automotive Group Stock Up 0.1%

Shares of NYSE PAG opened at $217.56 on Monday. Penske Automotive Group has a 52-week low of $140.12 and a 52-week high of $219.09. The firm has a fifty day moving average of $180.75 and a 200-day moving average of $166.93. The stock has a market capitalization of $14.30 billion, a PE ratio of 16.24, a P/E/G ratio of 2.81 and a beta of 0.87. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, August 14th. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.42. Penske Automotive Group’s dividend payout ratio (DPR) is presently 42.39%.

Insider Buying and Selling at Penske Automotive Group

In related news, Director Greg C. Smith sold 1,488 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $160.02, for a total transaction of $238,109.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michelle Hulgrave sold 1,500 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $171.80, for a total value of $257,700.00. Following the completion of the sale, the chief financial officer owned 17,596 shares of the company’s stock, valued at approximately $3,022,992.80. This represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 52.90% of the company’s stock.

Institutional Investors Weigh In On Penske Automotive Group

A number of large investors have recently modified their holdings of PAG. Navalign LLC purchased a new stake in shares of Penske Automotive Group during the 4th quarter valued at about $26,000. International Assets Investment Management LLC purchased a new position in Penske Automotive Group in the 4th quarter worth approximately $30,000. Rothschild Investment LLC boosted its holdings in Penske Automotive Group by 37.5% in the 4th quarter. Rothschild Investment LLC now owns 242 shares of the company’s stock worth $38,000 after acquiring an additional 66 shares during the period. Acadian Asset Management LLC purchased a new position in Penske Automotive Group in the 1st quarter worth approximately $42,000. Finally, Versant Capital Management Inc grew its position in Penske Automotive Group by 179.0% in the second quarter. Versant Capital Management Inc now owns 279 shares of the company’s stock valued at $50,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Key Stories Impacting Penske Automotive Group

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

• Positive Sentiment: Penske Automotive confirmed receipt of a take-private bid, and the board created a special committee to review the offer, increasing speculation that a buyout could be completed at a premium. Penske Automotive Group Confirms Receipt of Take-Private Bid from Penske Corp., Mitsui
• Positive Sentiment: Penske Automotive announced its 23rd consecutive quarterly dividend increase, lifting the payout to $1.44 per share, which signals financial strength and supports shareholder returns. PENSKE AUTOMOTIVE GROUP ANNOUNCES 23RD QUARTERLY DIVIDEND INCREASE

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.