Equities Analysts Offer Predictions for PAG Q2 Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Equities researchers at Zacks Research cut their Q2 2027 earnings per share estimates for shares of Penske Automotive Group in a report released on Thursday, April 9th. Zacks Research analyst Team now forecasts that the company will earn $3.59 per share for the quarter, down from their prior estimate of $3.63. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.86 per share. Zacks Research also issued estimates for Penske Automotive Group’s Q3 2027 earnings at $3.70 EPS, Q4 2027 earnings at $3.70 EPS, FY2027 earnings at $14.61 EPS, Q1 2028 earnings at $4.09 EPS and FY2028 earnings at $15.86 EPS.

A number of other research analysts have also weighed in on the company. Citigroup cut their price objective on Penske Automotive Group from $200.00 to $193.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Penske Automotive Group from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Barclays decreased their price objective on shares of Penske Automotive Group from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Weiss Ratings downgraded shares of Penske Automotive Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.14.

Penske Automotive Group Trading Up 0.7%

Shares of Penske Automotive Group stock opened at $156.25 on Friday. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.63 and a beta of 0.87. The business has a 50-day moving average price of $156.03 and a 200-day moving average price of $161.48. The company has a quick ratio of 0.22, a current ratio of 0.99 and a debt-to-equity ratio of 0.32. Penske Automotive Group has a twelve month low of $140.12 and a twelve month high of $189.51.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $2.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.19 by ($0.28). Penske Automotive Group had a return on equity of 15.77% and a net margin of 2.91%.The business had revenue of $7.77 billion during the quarter, compared to analysts’ expectations of $7.62 billion. During the same quarter in the previous year, the company posted $3.54 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis.

Penske Automotive Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Wednesday, February 25th were issued a $1.40 dividend. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.38. This represents a $5.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, February 25th. Penske Automotive Group’s dividend payout ratio is presently 41.48%.

Institutional Investors Weigh In On Penske Automotive Group

Large investors have recently made changes to their positions in the stock. Navalign LLC purchased a new stake in shares of Penske Automotive Group during the fourth quarter valued at $26,000. Rothschild Investment LLC raised its position in shares of Penske Automotive Group by 935.3% in the third quarter. Rothschild Investment LLC now owns 176 shares of the company’s stock worth $31,000 after acquiring an additional 159 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Penske Automotive Group in the fourth quarter worth about $30,000. Root Financial Partners LLC acquired a new position in shares of Penske Automotive Group in the third quarter worth about $33,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Penske Automotive Group during the first quarter worth about $42,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

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.