Zacks Research Issues Optimistic Forecast for PAG Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Analysts at Zacks Research lifted their Q2 2027 earnings estimates for shares of Penske Automotive Group in a research report issued to clients and investors on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the company will post earnings of $3.55 per share for the quarter, up from their previous estimate of $3.49. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.61 per share. Zacks Research also issued estimates for Penske Automotive Group’s Q2 2028 earnings at $3.76 EPS and FY2028 earnings at $15.03 EPS.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.42 by $0.20. Penske Automotive Group had a net margin of 2.81% and a return on equity of 14.78%. The business had revenue of $8.51 billion for the quarter, compared to the consensus estimate of $7.98 billion. During the same period in the previous year, the firm earned $3.78 EPS. The business’s revenue was up 11.1% on a year-over-year basis.

PAG has been the topic of a number of other reports. Weiss Ratings upgraded shares of Penske Automotive Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Bank of America increased their price objective on Penske Automotive Group from $200.00 to $238.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. UBS Group set a $190.00 price target on Penske Automotive Group in a research report on Friday, July 10th. Stephens boosted their price target on shares of Penske Automotive Group from $166.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $190.00 target price on shares of Penske Automotive Group in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $207.88.

Penske Automotive Group Trading Up 0.2%

Shares of NYSE PAG opened at $218.54 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.21 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $14.35 billion, a PE ratio of 16.09, a PEG ratio of 2.90 and a beta of 0.84. Penske Automotive Group has a twelve month low of $140.12 and a twelve month high of $227.00. The stock has a fifty day simple moving average of $195.30 and a 200-day simple moving average of $172.29.

Hedge Funds Weigh In On Penske Automotive Group

A number of large investors have recently modified their holdings of PAG. Parallel Advisors LLC lifted its holdings in shares of Penske Automotive Group by 15.1% in the 1st quarter. Parallel Advisors LLC now owns 441 shares of the company’s stock valued at $66,000 after buying an additional 58 shares during the period. Bessemer Group Inc. grew its holdings in Penske Automotive Group by 8.5% during the first quarter. Bessemer Group Inc. now owns 830 shares of the company’s stock worth $124,000 after acquiring an additional 65 shares during the period. California State Teachers Retirement System raised its position in Penske Automotive Group by 0.4% in the second quarter. California State Teachers Retirement System now owns 18,434 shares of the company’s stock worth $3,167,000 after acquiring an additional 65 shares in the last quarter. Rothschild Investment LLC raised its position in Penske Automotive Group by 37.5% in the fourth quarter. Rothschild Investment LLC now owns 242 shares of the company’s stock worth $38,000 after acquiring an additional 66 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in Penske Automotive Group by 2.7% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,630 shares of the company’s stock valued at $416,000 after acquiring an additional 70 shares during the period. 77.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Penske Automotive Group

In other news, Director Greg C. Smith sold 1,488 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $160.02, for a total value of $238,109.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michelle Hulgrave sold 1,500 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $171.80, for a total transaction of $257,700.00. Following the transaction, the chief financial officer owned 17,596 shares of the company’s stock, valued at approximately $3,022,992.80. The trade was a 7.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 52.90% of the stock is owned by corporate insiders.

Penske Automotive Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a dividend yield of 2.6%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, August 14th. Penske Automotive Group’s payout ratio is currently 41.83%.

Key Penske Automotive Group News

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

• Positive Sentiment: Takeover proposal under review: Penske Automotive formed a committee to review an unsolicited takeover proposal. Although financial terms and the likelihood of a transaction were not disclosed, the news could support the share price by raising expectations for a potential acquisition premium or other strategic alternatives. Penske Automotive Forms Committee to Review Takeover Proposal
• Positive Sentiment: Several longer-term earnings estimates increased: Zacks Research raised its FY2026 EPS forecast to $13.65 from $13.43, Q2 2027 EPS to $3.55 from $3.49, Q2 2028 EPS to $3.76 from $3.64, and FY2028 EPS to $15.03 from $14.94. The FY2026 estimate is also above the broader consensus forecast of $13.61, indicating improving expectations for near-term profitability.
• Neutral Sentiment: Analyst revisions were mixed: Zacks lifted its Q3 2026 estimate slightly to $3.48 from $3.47, but trimmed estimates for Q4 2026, Q1 2027, Q3 2027, Q4 2027 and FY2027. The FY2027 forecast fell to $14.15 from $14.30, suggesting some pressure on intermediate-term earnings despite stronger forecasts farther out.

Penske Automotive Group Company Profile

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.