Penske Automotive Group (PAG) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last year. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PAG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAG, but not buy additional shares or sell existing shares.
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5 analysts have issued 12 month price targets for Penske Automotive Group's stock. Their PAG share price targets range from $115.00 to $196.00. On average, they expect the company's stock price to reach $163.20 in the next year. This suggests a possible upside of 10.7% from the stock's current price.
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Penske Automotive Group's stock was trading at $160.51 on January 1st, 2024. Since then, PAG shares have decreased by 8.1% and is now trading at $147.47.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our PAG earnings forecast.

Penske Automotive Group will be holding an earnings conference call on Tuesday, April 30th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-970-0847 with passcode "2781599".

Penske Automotive Group, Inc. (NYSE:PAG) announced its quarterly earnings data on Wednesday, February, 7th. The company reported $3.45 EPS for the quarter, missing the consensus estimate of $3.66 by $0.21. The firm earned $7.27 billion during the quarter, compared to analyst estimates of $7.18 billion. Penske Automotive Group had a trailing twelve-month return on equity of 24.19% and a net margin of 3.57%. Penske Automotive Group's revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $4.21 EPS.

Penske Automotive Group announced a quarterly dividend on Wednesday, January 17th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.87 per share on Friday, March 1st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from the stock's previous quarterly dividend of $0.79.
Read our dividend analysis for PAG.

Penske Automotive Group (NYSE:PAG) pays an annual dividend of $3.48 per share and currently has a dividend yield of 2.31%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 22.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAG will have a dividend payout ratio of 24.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAG.

ETFs with the largest weight of Penske Automotive Group (NYSE:PAG) stock in their portfolio include First Trust Dorsey Wright Momentum & Value ETF (DVLU), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ), SPDR S&P Retail ETF (XRT), Invesco S&P MidCap 400 Revenue ETF (RWK), Invesco S&P MidCap Value with Momentum ETF (XMVM), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Invesco S&P MidCap 400 Pure Value ETF (RFV) and First Trust Consumer Discretionary AlphaDEX Fund (FXD).

60 employees have rated Penske Automotive Group Chief Executive Officer Roger Penske on Glassdoor.com. Roger Penske has an approval rating of 98% among the company's employees. This puts Roger Penske in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Penske Automotive Group investors own include Salesforce (CRM), Alaska Air Group (ALK), Signet Jewelers (SIG), Intel (INTC), JPMorgan Chase & Co. (JPM), L Brands (LB), Schlumberger (SLB), AbbVie (ABBV), Walt Disney (DIS) and Lululemon Athletica (LULU).

Penske Automotive Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Hennessy Advisors Inc. (0.05%), Alaska Permanent Fund Corp (0.02%), Symmetry Partners LLC (0.02%), Atlas Capital Advisors LLC (0.01%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Claude H Denker III, Greg C Smith, John Barr, Kimberly J Mcwaters, Michelle Hulgrave, Robert H Kurnick Jr, Roger S Penske, Sandra E Pierce and Shane M Spradlin.
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Shares of PAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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