Consumer Cyclical - Auto - Dealerships - NYSE - US
$ 160.23
-0.552 %
$ 10.7 B
Market Cap
12.18
P/E
Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. 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. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts. It also operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as a range of used trucks, and maintenance and repair services.[ Read More ]
The intrinsic value of one PAG stock under the base case scenario is HIDDEN Compared to the current market price of 160 USD, Penske Automotive Group, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart PAG
FINANCIALS
29.5 B
REVENUE
1.35 B
OPERATING INCOME
1.05 B
NET INCOME
1.09 B
OPERATING CASH FLOW
-572 M
INVESTING CASH FLOW
-531 M
FINANCING CASH FLOW
7.59 B
REVENUE
317 M
OPERATING INCOME
227 M
NET INCOME
271 M
OPERATING CASH FLOW
-232 M
INVESTING CASH FLOW
-28.2 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Penske Automotive Group, Inc.
| Current Assets | 5.68 B |
| Cash & Short-Term Investments | 96.4 M |
| Receivables | 1.11 B |
| Other Current Assets | 4.47 B |
| Non-Current Assets | 9.99 B |
| Long-Term Investments | 1.77 B |
| PP&E | 5.17 B |
| Other Non-Current Assets | 3.05 B |
| Current Liabilities | 5.66 B |
| Accounts Payable | 867 M |
| Short-Term Debt | 3.98 B |
| Other Current Liabilities | 810 M |
| Non-Current Liabilities | 5.26 B |
| Long-Term Debt | 3.76 B |
| Other Non-Current Liabilities | 1.5 B |
EFFICIENCY
Earnings Waterfall
Penske Automotive Group, Inc.
| Revenue | 29.5 B |
| Cost Of Revenue | 24.6 B |
| Gross Profit | 4.93 B |
| Operating Expenses | 3.58 B |
| Operating Income | 1.35 B |
| Other Expenses | 298 M |
| Net Income | 1.05 B |
RATIOS
16.71%
GROSS MARGIN
4.58%
OPERATING MARGIN
3.57%
NET MARGIN
22.28%
ROE
6.72%
ROA
9.95%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Penske Automotive Group, Inc.
| Net Income | 1.05 B |
| Depreciation & Amortization | 141 M |
| Capital Expenditures | -375 M |
| Stock-Based Compensation | 27.9 M |
| Change in Working Capital | -73.9 M |
| Others | 644 M |
| Free Cash Flow | 718 M |
Wall Street Analysts Price Targets
Penske Automotive Group, Inc.
Wall Street analysts predict an average 1-year price target for PAG of $141 , with forecasts ranging from a low of $93 to a high of $180 .
PAG Lowest Price Target
Wall Street Target
93 USD
-41.96%
PAG Average Price Target
Wall Street Target
141 USD
-12.25%
PAG Highest Price Target
Wall Street Target
180 USD
12.34%
4. DIVIDEND ANALYSIS
0.66%
DIVIDEND YIELD
1.19 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Penske Automotive Group, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
429 K USD 2
6-9 MONTHS
790 K USD 3
9-12 MONTHS
1.33 M USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 months ago
Aug 01, 2024
|
Sell 122 K USD
|
BARR JOHN
Director |
- 716
|
170.71 USD |
|
5 months ago
Jun 03, 2024
|
Sell 306 K USD
|
Hulgrave Michelle
EVP & CFO |
- 2000
|
153.1479 USD |
|
8 months ago
Mar 13, 2024
|
Sell 246 K USD
|
BARR JOHN
Director |
- 1600
|
154.05 USD |
|
9 months ago
Feb 16, 2024
|
Sell 240 K USD
|
SMITH GREG C
Director |
- 1604
|
149.377 USD |
|
9 months ago
Feb 16, 2024
|
Sell 303 K USD
|
STEINHART RONALD G
Director |
- 2029
|
149.58 USD |
|
11 months ago
Dec 11, 2023
|
Sell 1.33 M USD
|
Pierce Sandra E.
Director |
- 8750
|
151.62 USD |
|
1 year ago
Sep 01, 2023
|
Sell 1.83 M USD
|
KURNICK ROBERT H JR
President |
- 10997
|
166.12 USD |
|
1 year ago
Aug 09, 2023
|
Sell 490 K USD
|
BARR JOHN
Director |
- 3000
|
163.49 USD |
|
1 year ago
Jun 05, 2023
|
Sell 464 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 3284
|
141.22 USD |
|
1 year ago
Jun 05, 2023
|
Sell 290 K USD
|
Hulgrave Michelle
EVP & CFO |
- 2000
|
145.13 USD |
|
1 year ago
May 03, 2023
|
Sell 1.21 M USD
|
MCWATERS KIMBERLY J
Director |
- 8524
|
141.5304 USD |
|
1 year ago
May 02, 2023
|
Sell 286 K USD
|
Davis Lisa Ann
Director |
- 2029
|
140.9178 USD |
|
1 year ago
Mar 08, 2023
|
Sell 291 K USD
|
BARR JOHN
Director |
- 2000
|
145.31 USD |
|
1 year ago
Feb 22, 2023
|
Sell 654 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 4389
|
149.0464 USD |
|
1 year ago
Feb 21, 2023
|
Sell 306 K USD
|
SMITH GREG C
Director |
- 2029
|
151 USD |
|
2 years ago
Aug 02, 2022
|
Sell 580 K USD
|
BARR JOHN
director: |
- 5000
|
116.06 USD |
|
2 years ago
Jun 01, 2022
|
Sell 542 K USD
|
Denker Claude H III
EVP - Human Resources |
- 4708
|
115.12 USD |
|
2 years ago
Jun 01, 2022
|
Sell 485 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 4207
|
115.24 USD |
|
2 years ago
Jun 01, 2022
|
Sell 231 K USD
|
Hulgrave Michelle
EVP & CFO |
- 2000
|
115.39 USD |
|
2 years ago
Jun 01, 2022
|
Sell 1.12 M USD
|
KURNICK ROBERT H JR
President |
- 9803
|
114.67 USD |
|
2 years ago
Jun 01, 2022
|
Sell 5.65 M USD
|
PENSKE ROGER S
Chair & CEO |
- 49009
|
115.37 USD |
|
2 years ago
Jun 01, 2022
|
Sell 397 K USD
|
Pierce Sandra E.
director: |
- 3417
|
116.05 USD |
|
3 years ago
Aug 16, 2021
|
Sell 2.25 M USD
|
PENSKE ROGER S
Chair & CEO |
- 25000
|
89.8737 USD |
|
3 years ago
Jul 30, 2021
|
Sell 176 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 2000
|
87.973 USD |
|
3 years ago
Jul 30, 2021
|
Sell 674 K USD
|
KURNICK ROBERT H JR
President |
- 7662
|
87.935 USD |
|
3 years ago
Aug 03, 2021
|
Sell 450 K USD
|
BARR JOHN
Director |
- 5000
|
90.0193 USD |
|
3 years ago
Jun 02, 2021
|
Sell 1.05 M USD
|
PENSKE ROGER S
Chair & CEO |
- 12313
|
85.31 USD |
|
3 years ago
Jun 03, 2021
|
Sell 700 K USD
|
PENSKE ROGER S
Chair & CEO |
- 8500
|
82.35 USD |
|
3 years ago
Jun 02, 2021
|
Sell 129 K USD
|
KURNICK ROBERT H JR
President |
- 1500
|
85.75 USD |
|
3 years ago
Jun 02, 2021
|
Sell 600 K USD
|
KURNICK ROBERT H JR
President |
- 7101
|
84.51 USD |
|
3 years ago
Jun 02, 2021
|
Sell 108 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 1265
|
85.5 USD |
|
3 years ago
May 10, 2021
|
Sell 464 K USD
|
BARR JOHN
Director |
- 5000
|
92.79 USD |
|
3 years ago
Apr 29, 2021
|
Sell 1.35 M USD
|
Denker Claude H III
EVP - Human Resources |
- 15000
|
90.3039 USD |
|
3 years ago
Mar 12, 2021
|
Sell 848 K USD
|
STEINHART RONALD G
Director |
- 10000
|
84.84 USD |
|
4 years ago
Oct 23, 2020
|
Sell 445 K USD
|
Carlson John D. Jr.
EVP & CFO |
- 8000
|
55.63 USD |
|
4 years ago
Sep 04, 2020
|
Sell 490 K USD
|
BARR JOHN
Director |
- 10000
|
48.99 USD |
|
4 years ago
Aug 12, 2020
|
Sell 277 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 5821
|
47.65 USD |
|
5 years ago
Nov 13, 2019
|
Sell 257 K USD
|
Carlson John D. Jr.
EVP & CFO |
- 5000
|
51.34 USD |
|
5 years ago
Oct 30, 2019
|
Sell 246 K USD
|
MCWATERS KIMBERLY J
Director |
- 5000
|
49.2504 USD |
|
5 years ago
Sep 11, 2019
|
Sell 121 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 2500
|
48.55 USD |
|
5 years ago
Jun 03, 2019
|
Sell 117 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 2656
|
44.05 USD |
|
5 years ago
Jun 04, 2019
|
Sell 395 K USD
|
KURNICK ROBERT H JR
President |
- 8579
|
46.05 USD |
|
5 years ago
Feb 28, 2019
|
Sell 222 K USD
|
BARR JOHN
Director |
- 5000
|
44.312 USD |
|
6 years ago
Jun 01, 2018
|
Sell 104 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 2150
|
48.35 USD |
|
6 years ago
Jun 01, 2018
|
Sell 243 K USD
|
MCWATERS KIMBERLY J
Director |
- 5000
|
48.5771 USD |
|
6 years ago
May 18, 2018
|
Bought 194 K USD
|
THOMPSON H BRIAN
Director |
+ 4000
|
48.514 USD |
|
6 years ago
Mar 27, 2018
|
Sell 40 M USD
|
MITSUI & CO LTD
10 percent owner |
- 906413
|
44.13 USD |
|
6 years ago
Mar 27, 2018
|
Sell 10 M USD
|
MITSUI & CO LTD
10 percent owner |
- 226603
|
44.13 USD |
|
7 years ago
Nov 13, 2017
|
Sell 323 K USD
|
Carlson John D. Jr.
EVP & CFO |
- 7000
|
46.2016 USD |
|
7 years ago
Nov 06, 2017
|
Sell 151 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 3188
|
47.4149 USD |
|
7 years ago
Oct 20, 2017
|
Bought 50 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 1103996
|
45.29 USD |
|
7 years ago
Oct 20, 2017
|
Bought 50 M USD
|
PENSKE CORP
10 percent owner |
+ 1103996
|
45.29 USD |
|
7 years ago
Oct 20, 2017
|
Sell 40 M USD
|
MITSUI & CO LTD
10 percent owner |
- 883197
|
45.29 USD |
|
7 years ago
Oct 20, 2017
|
Sell 10 M USD
|
MITSUI & CO LTD
10 percent owner |
- 220799
|
45.29 USD |
|
7 years ago
Aug 09, 2017
|
Sell 206 K USD
|
Denker Claude H III
EVP - Human Resources |
- 5000
|
41.269 USD |
|
7 years ago
Jun 01, 2017
|
Sell 82.9 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 1900
|
43.64 USD |
|
7 years ago
Jun 01, 2017
|
Sell 475 K USD
|
KURNICK ROBERT H JR
President |
- 11172
|
42.4784 USD |
|
8 years ago
Sep 12, 2016
|
Sell 237 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 4900
|
48.31 USD |
|
8 years ago
Sep 09, 2016
|
Bought 7.5 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 157602
|
47.6171 USD |
|
8 years ago
Sep 08, 2016
|
Bought 8.24 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 170000
|
48.4911 USD |
|
8 years ago
Sep 09, 2016
|
Bought 7.5 M USD
|
PENSKE CORP
10 percent owner |
+ 157602
|
47.6171 USD |
|
8 years ago
Sep 08, 2016
|
Bought 8.24 M USD
|
PENSKE CORP
10 percent owner |
+ 170000
|
48.4911 USD |
|
8 years ago
Sep 07, 2016
|
Bought 4.75 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 100000
|
47.5212 USD |
|
8 years ago
Sep 06, 2016
|
Bought 3.5 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 75000
|
46.6364 USD |
|
8 years ago
Sep 02, 2016
|
Bought 2.31 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 50000
|
46.2984 USD |
|
8 years ago
Sep 07, 2016
|
Bought 4.75 M USD
|
PENSKE CORP
10 percent owner |
+ 100000
|
47.5212 USD |
|
8 years ago
Sep 06, 2016
|
Bought 3.5 M USD
|
PENSKE CORP
10 percent owner |
+ 75000
|
46.6364 USD |
|
8 years ago
Sep 02, 2016
|
Bought 2.31 M USD
|
PENSKE CORP
10 percent owner |
+ 50000
|
46.2984 USD |
|
8 years ago
Sep 01, 2016
|
Bought 2.93 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 64892
|
45.1773 USD |
|
8 years ago
Aug 31, 2016
|
Bought 3.29 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 72872
|
45.2046 USD |
|
8 years ago
Aug 30, 2016
|
Bought 2.27 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 50000
|
45.3812 USD |
|
8 years ago
Sep 01, 2016
|
Bought 2.93 M USD
|
PENSKE CORP
10 percent owner |
+ 64892
|
45.1773 USD |
|
8 years ago
Aug 31, 2016
|
Bought 3.29 M USD
|
PENSKE CORP
10 percent owner |
+ 72872
|
45.2046 USD |
|
8 years ago
Aug 30, 2016
|
Bought 2.27 M USD
|
PENSKE CORP
10 percent owner |
+ 50000
|
45.3812 USD |
|
8 years ago
Aug 29, 2016
|
Bought 4.37 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 98000
|
44.5997 USD |
|
8 years ago
Aug 26, 2016
|
Bought 7.96 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 180000
|
44.2475 USD |
|
8 years ago
Aug 25, 2016
|
Bought 8.8 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 200000
|
43.9939 USD |
|
8 years ago
Aug 29, 2016
|
Bought 4.37 M USD
|
PENSKE CORP
10 percent owner |
+ 98000
|
44.5997 USD |
|
8 years ago
Aug 26, 2016
|
Bought 7.96 M USD
|
PENSKE CORP
10 percent owner |
+ 180000
|
44.2475 USD |
|
8 years ago
Aug 25, 2016
|
Bought 8.8 M USD
|
PENSKE CORP
10 percent owner |
+ 200000
|
43.9939 USD |
|
8 years ago
Aug 22, 2016
|
Bought 4.23 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 100000
|
42.2806 USD |
|
8 years ago
Aug 19, 2016
|
Bought 4.25 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 100000
|
42.5276 USD |
|
8 years ago
Aug 18, 2016
|
Bought 4.29 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 100000
|
42.8503 USD |
|
8 years ago
Aug 22, 2016
|
Bought 4.23 M USD
|
PENSKE CORP
10 percent owner |
+ 100000
|
42.2806 USD |
|
8 years ago
Aug 19, 2016
|
Bought 4.25 M USD
|
PENSKE CORP
10 percent owner |
+ 100000
|
42.5276 USD |
|
8 years ago
Aug 18, 2016
|
Bought 4.29 M USD
|
PENSKE CORP
10 percent owner |
+ 100000
|
42.8503 USD |
|
8 years ago
Aug 11, 2016
|
Bought 2.07 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 50000
|
41.3553 USD |
|
8 years ago
Aug 11, 2016
|
Bought 2.07 M USD
|
PENSKE CORP
10 percent owner |
+ 50000
|
41.3553 USD |
|
8 years ago
Aug 10, 2016
|
Bought 2 M USD
|
PENSKE CORP
10 percent owner |
+ 50000
|
40.0474 USD |
|
8 years ago
Aug 09, 2016
|
Bought 2.04 M USD
|
PENSKE CORP
10 percent owner |
+ 51412
|
39.705 USD |
|
8 years ago
Aug 08, 2016
|
Bought 1.99 M USD
|
PENSKE CORP
10 percent owner |
+ 50000
|
39.791 USD |
|
8 years ago
Aug 10, 2016
|
Bought 2 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 50000
|
40.0474 USD |
|
8 years ago
Aug 09, 2016
|
Bought 2.04 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 51412
|
39.705 USD |
|
8 years ago
Aug 08, 2016
|
Bought 1.99 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 50000
|
39.791 USD |
|
8 years ago
Aug 05, 2016
|
Bought 3 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 75000
|
39.9843 USD |
|
8 years ago
Aug 04, 2016
|
Bought 3.17 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 80632
|
39.3226 USD |
|
8 years ago
Aug 03, 2016
|
Bought 2.51 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 65000
|
38.64 USD |
|
8 years ago
Aug 05, 2016
|
Bought 3 M USD
|
PENSKE CORP
10 percent owner |
+ 75000
|
39.9843 USD |
|
8 years ago
Aug 04, 2016
|
Bought 3.17 M USD
|
PENSKE CORP
10 percent owner |
+ 80632
|
39.3226 USD |
|
8 years ago
Aug 03, 2016
|
Bought 2.51 M USD
|
PENSKE CORP
10 percent owner |
+ 65000
|
38.64 USD |
|
8 years ago
Aug 02, 2016
|
Bought 9.16 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 239505
|
38.2301 USD |
|
8 years ago
Aug 01, 2016
|
Bought 9.57 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 239505
|
39.9467 USD |
|
8 years ago
Jul 29, 2016
|
Bought 9.04 M USD
|
PENSKE ROGER S
Chairman & CEO |
+ 231111
|
39.113 USD |
|
8 years ago
Aug 02, 2016
|
Bought 9.16 M USD
|
PENSKE CORP
10 percent owner |
+ 239505
|
38.2301 USD |
|
8 years ago
Aug 01, 2016
|
Bought 9.57 M USD
|
PENSKE CORP
10 percent owner |
+ 239505
|
39.9467 USD |
|
8 years ago
Jul 29, 2016
|
Bought 9.04 M USD
|
PENSKE CORP
10 percent owner |
+ 231111
|
39.113 USD |
|
9 years ago
Jun 01, 2015
|
Sell 3.61 M USD
|
PENSKE ROGER S
Chairman & CEO |
- 71874
|
50.192 USD |
|
9 years ago
Jun 01, 2015
|
Sell 116 K USD
|
Sharp Calvin
EVP - Human Resources |
- 2261
|
51.25 USD |
|
9 years ago
Jun 01, 2015
|
Sell 215 K USD
|
Spradlin Shane M.
EVP, Gen. Counsel & Sec. |
- 4203
|
51.1429 USD |
|
9 years ago
Jun 01, 2015
|
Sell 696 K USD
|
KURNICK ROBERT H JR
President |
- 13580
|
51.2807 USD |
|
9 years ago
Jun 01, 2015
|
Sell 278 K USD
|
Jones David K.
EVP & Chief Financial Officer |
- 5444
|
51.085 USD |
7. News
Oppenheimer Concludes 20th Annual Professionals Alliance Group (PAG) Conference
Event Gathered CPAs and Other Trusted Industry Professionals with Select Group of Oppenheimer Advisors, Investment Managers and Senior Leadership to Collaborate on Strategies to Deliver Enhanced Client Service PAG Referral and Partnership Program Model Enables Accounting Firms and Others to Access Oppenheimer's Wealth Management, Capital Markets, and Investment Banking Capabilities NEW YORK , Nov. 13, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading wealth management and investment banking firm, and subsidiary of Oppenheimer Holdings (NYSE: OPY) — today announced the completion of its 20th annual Professionals Alliance Group (PAG) Conference. The event, held November 12-13 at the firm's New York headquarters, brought together a select group of Oppenheimer's financial advisors, investment managers and senior leadership with Certified Public Accounting firms and other trusted industry partners to discuss macro trends and strategies to best serve clients.
prnewswire.com
- 4 days ago
Penske Q3 Earnings Miss Expectations, Revenues Rise Y/Y
PAG misses third-quarter earnings estimates on lower-than-expected results from the Retail Automotive segment.
zacks.com
- 2 weeks ago
Penske Automotive Group, Inc. (PAG) Q3 2024 Earnings Call Transcript
Penske Automotive Group, Inc. (NYSE:PAG ) Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Tony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and Chief Executive Officer Rich Shearing - North American Operations Randall Seymore - International Operations Shelley Hulgrave - Executive Vice President and Chief Financial Officer Conference Call Participants John Murphy - Bank of America Ron Jewsikow - Guggenheim Securities Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Ladies and gentlemen, good afternoon, welcome to the Penske Automotive Group Third Quarter 2024 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately one hour after completion through November 6, 2024, on the Company's website under the Investors tab at www.penskeautomotive.com.
seekingalpha.com
- 2 weeks ago
Penske (PAG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Penske (PAG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 2 weeks ago
Penske Automotive (PAG) Q3 Earnings and Revenues Lag Estimates
Penske Automotive (PAG) came out with quarterly earnings of $3.36 per share, missing the Zacks Consensus Estimate of $3.48 per share. This compares to earnings of $3.90 per share a year ago.
zacks.com
- 2 weeks ago
PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
Quarterly Revenue Increases 2% to $7.6 Billion Record Quarterly Retail Automotive Service and Parts Revenue of $778.0 Million, up 14% Same-Store Retail Automotive Service and Parts Revenue up 7% and Related Gross Profit up 6% Earnings Before Taxes of $304.4 Million and Earnings Per Share of $3.39 BLOOMFIELD HILLS, Mich. , Oct. 29, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced quarterly results for the third quarter of 2024.
prnewswire.com
- 2 weeks ago
PENSKE AUTOMOTIVE GROUP SIGNS AGREEMENT TO ACQUIRE ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA
Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide BLOOMFIELD HILLS, Mich. , Oct. 23, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, has signed an agreement to acquire Porsche Centre Melbourne, located in Melbourne, Australia, from Porsche Retail Group Australia Pty Ltd.
prnewswire.com
- 3 weeks ago
Penske Automotive (PAG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Penske (PAG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 3 weeks ago
Buy These 4 Stocks With Recent Dividend Hikes, Strong Upside
South Plains Financial (SPFI), Prosperity Bancshares (PB), Penske Automotive Group (PAG) and Bank First (BFC) recently announced dividend hikes.
zacks.com
- 3 weeks ago
PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND 11% TO $1.19
Represents 16th Consecutive Quarterly Increase Balance Sheet Remains Strong and Leverage Remains Low BLOOMFIELD HILLS, Mich. , Oct. 16, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.19 per share, representing an increase of 11%, or $0.12 per share.
prnewswire.com
- 1 month ago
All You Need to Know About Penske (PAG) Rating Upgrade to Buy
Penske (PAG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
zacks.com
- 1 month ago
PENSKE AUTOMOTIVE GROUP SCHEDULES THIRD QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL
BLOOMFIELD HILLS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three months and nine months ended September 30, 2024, on the morning of Tuesday, October 29, 2024.
prnewswire.com
- 1 month ago
8. Profile Summary
Penske Automotive Group, Inc. PAG
COUNTRY
US
INDUSTRY
Auto - Dealerships
MARKET CAP
$ 10.7 B
Dividend Yield
0.66%
Description
Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. 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. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts. It also operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as a range of used trucks, and maintenance and repair services. In addition, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks, buses, and Dennis Eagle refuse collection vehicles with associated parts in Australia, New Zealand, and portions of the Pacific. Further, the company distributes diesel and gas engines, and power systems. The company operates 320 retail automotive franchises, including 146 franchises located in the United States and 174 franchises located outside of the United States; 23 CarShop used vehicle dealerships in the United States and the United Kingdom; and 37 commercial truck dealerships in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho, Kansas, Missouri, and Oregon, as well as Canada. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.
Contact
2555 Telegraph Road, Bloomfield Hills, MI, 48302-0954
https://www.penskeautomotive.com
IPO Date
Oct. 23, 1996
Employees
28950
Officers
Mr. Richard A. Hook
Executive Vice President & Chief Information Officer
Mr. Roger S. Penske Sr.
Chairman & Chief Executive Officer
Ms. Michelle Hulgrave
Executive Vice President & Chief Financial Officer
Mr. Robert H. Kurnick Jr.
President & Director
Mr. Anthony R. Pordon
Executive Vice President of Investor Relations & Corporate Development
Mr. George W. Brochick
Executive Vice President of Strategic Development
Mr. Shane M. Spradlin
Executive Vice President, General Counsel & Secretary
Mr. Claude H. Denker III
Executive Vice President of Human Resources
Ms. Tracy Cassady
Executive Vice President & Chief Marketing Officer
Mr. Bernie Wolfe
Executive Vice President of Western Region U.S Operations