FY2024 EPS Estimates for Penske Automotive Group, Inc. Lifted by Zacks Research (NYSE:PAG)

Penske Automotive Group, Inc. (NYSE:PAG) – Equities research analysts at Zacks Research boosted their FY2024 EPS estimates for shares of Penske Automotive Group in a research note issued to investors on Wednesday, August 14th. Zacks Research analyst L. Sahu now forecasts that the company will earn $13.41 per share for the year, up from their prior estimate of $13.21. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.62 per share. Zacks Research also issued estimates for Penske Automotive Group’s Q3 2025 earnings at $3.69 EPS, Q4 2025 earnings at $3.25 EPS, FY2025 earnings at $13.45 EPS, Q2 2026 earnings at $3.62 EPS and FY2026 earnings at $14.03 EPS.

Other equities research analysts also recently issued research reports about the stock. Bank of America boosted their price objective on shares of Penske Automotive Group from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on Penske Automotive Group from $135.00 to $140.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Penske Automotive Group presently has a consensus rating of “Hold” and a consensus price target of $157.75.

Penske Automotive Group Stock Down 0.2 %

PAG stock opened at $165.44 on Friday. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 11.50 and a beta of 1.18. Penske Automotive Group has a 1-year low of $137.95 and a 1-year high of $179.72. The firm has a fifty day moving average price of $154.36 and a two-hundred day moving average price of $153.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.22.

Penske Automotive Group (NYSE:PAG) last released its earnings results on Wednesday, July 31st. The company reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.22. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.59 billion. Penske Automotive Group had a return on equity of 19.82% and a net margin of 3.05%. Penske Automotive Group’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.41 EPS.

Hedge Funds Weigh In On Penske Automotive Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its stake in shares of Penske Automotive Group by 32.2% in the 2nd quarter. Fifth Third Bancorp now owns 374 shares of the company’s stock worth $56,000 after acquiring an additional 91 shares during the period. Gradient Investments LLC boosted its stake in Penske Automotive Group by 35.2% during the 1st quarter. Gradient Investments LLC now owns 380 shares of the company’s stock valued at $62,000 after purchasing an additional 99 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Penske Automotive Group during the 2nd quarter valued at $69,000. WFA Asset Management Corp bought a new stake in shares of Penske Automotive Group in the 1st quarter worth $84,000. Finally, Blue Trust Inc. lifted its holdings in shares of Penske Automotive Group by 17.5% in the second quarter. Blue Trust Inc. now owns 757 shares of the company’s stock valued at $123,000 after buying an additional 113 shares during the period. Institutional investors own 77.08% of the company’s stock.

Insider Activity

In related news, Director John Barr sold 716 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $170.71, for a total value of $122,228.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 51.70% of the company’s stock.

Penske Automotive Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be paid a $1.07 dividend. The ex-dividend date is Thursday, August 15th. This represents a $4.28 annualized dividend and a dividend yield of 2.59%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.96. Penske Automotive Group’s dividend payout ratio (DPR) is presently 26.70%.

Penske Automotive Group Company Profile

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.