Seaport Res Ptn Issues Pessimistic Forecast for PAG Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Investment analysts at Seaport Res Ptn reduced their FY2025 earnings per share estimates for shares of Penske Automotive Group in a report released on Thursday, January 16th. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings per share of $13.64 for the year, down from their prior estimate of $13.69. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.50 per share.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($0.02). Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. The company had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the prior year, the company posted $3.90 EPS. Penske Automotive Group’s revenue was up 1.9% on a year-over-year basis.

A number of other research firms also recently issued reports on PAG. Morgan Stanley upgraded Penske Automotive Group from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $115.00 to $180.00 in a research note on Wednesday, September 25th. Benchmark started coverage on shares of Penske Automotive Group in a research note on Thursday, December 12th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.25.

Penske Automotive Group Trading Up 0.3 %

Shares of PAG stock opened at $160.12 on Monday. The stock has a market capitalization of $10.69 billion, a P/E ratio of 12.27 and a beta of 1.20. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $159.53 and its 200 day moving average is $158.96. Penske Automotive Group has a 12-month low of $142.32 and a 12-month high of $179.72.

Institutional Investors Weigh In On Penske Automotive Group

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Penske Automotive Group by 44.8% in the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after acquiring an additional 81 shares during the last quarter. True Wealth Design LLC boosted its stake in Penske Automotive Group by 14,833.3% during the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock valued at $73,000 after buying an additional 445 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake in Penske Automotive Group by 45,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after buying an additional 453 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Penske Automotive Group in the 3rd quarter worth approximately $94,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Penske Automotive Group during the 3rd quarter worth approximately $112,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

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.