Zacks Research Has Bearish Forecast for PAG FY2025 Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Research analysts at Zacks Research reduced their FY2025 earnings per share estimates for Penske Automotive Group in a report released on Thursday, December 11th. Zacks Research analyst Team now anticipates that the company will post earnings of $13.54 per share for the year, down from their prior forecast of $13.81. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.86 per share.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Penske Automotive Group from $180.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Penske Automotive Group in a research report on Monday, December 8th. Benchmark raised their price target on Penske Automotive Group from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Barclays assumed coverage on Penske Automotive Group in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $195.00 price objective for the company. Finally, Bank of America started coverage on Penske Automotive Group in a research note on Tuesday, December 9th. They set a “buy” rating and a $195.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Penske Automotive Group has a consensus rating of “Moderate Buy” and a consensus price target of $184.43.

Penske Automotive Group Trading Down 0.0%

Shares of PAG stock opened at $167.91 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.21. The firm has a market cap of $11.06 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.92. The company has a 50-day moving average of $163.40 and a two-hundred day moving average of $171.59. Penske Automotive Group has a 1-year low of $134.05 and a 1-year high of $189.51.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings results on Wednesday, October 29th. The company reported $3.23 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.25). The business had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.71 billion. Penske Automotive Group had a return on equity of 16.84% and a net margin of 3.08%.The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.39 earnings per share.

Institutional Investors Weigh In On Penske Automotive Group

A number of hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in shares of Penske Automotive Group by 48.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,391,281 shares of the company’s stock worth $241,958,000 after purchasing an additional 456,611 shares during the last quarter. Norges Bank purchased a new position in Penske Automotive Group in the second quarter valued at $32,425,000. AQR Capital Management LLC raised its stake in Penske Automotive Group by 21.1% in the second quarter. AQR Capital Management LLC now owns 681,741 shares of the company’s stock valued at $116,953,000 after buying an additional 118,976 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Penske Automotive Group by 28.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 380,267 shares of the company’s stock worth $54,751,000 after buying an additional 84,045 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Penske Automotive Group by 4,364.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 84,865 shares of the company’s stock worth $14,581,000 after acquiring an additional 82,964 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Insider Transactions at Penske Automotive Group

In related news, CFO Michelle Hulgrave sold 2,100 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $160.17, for a total transaction of $336,357.00. Following the completion of the transaction, the chief financial officer directly owned 16,822 shares of the company’s stock, valued at $2,694,379.74. The trade was a 11.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 52.40% of the company’s stock.

Penske Automotive Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid a $1.38 dividend. The ex-dividend date was Friday, November 14th. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.32. This represents a $5.52 annualized dividend and a dividend yield of 3.3%. Penske Automotive Group’s payout ratio is 38.85%.

About Penske Automotive Group

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.