FY2025 Earnings Forecast for PAG Issued By Seaport Res Ptn

Penske Automotive Group, Inc. (NYSE:PAG) – Investment analysts at Seaport Res Ptn reduced their FY2025 earnings estimates for Penske Automotive Group in a research report issued to clients and investors on Thursday, January 16th. Seaport Res Ptn analyst G. Chin now expects that the company will earn $13.64 per share 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.

Other equities analysts also recently issued research reports about the company. Morgan Stanley upgraded Penske Automotive Group from an “underweight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $180.00 in a report on Wednesday, September 25th. Benchmark started coverage on Penske Automotive Group in a research report on Thursday, December 12th. They issued a “buy” rating for the company. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $170.25.

Penske Automotive Group Stock Performance

PAG opened at $160.12 on Monday. Penske Automotive Group has a fifty-two week low of $142.32 and a fifty-two week high of $179.72. The business has a fifty day simple moving average of $159.55 and a 200-day simple moving average of $158.86. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10.69 billion, a PE ratio of 12.27 and a beta of 1.20.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in shares of Penske Automotive Group by 31.1% in the 2nd quarter. AQR Capital Management LLC now owns 417,932 shares of the company’s stock worth $62,280,000 after acquiring an additional 99,164 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Penske Automotive Group by 9.1% in the second quarter. Millennium Management LLC now owns 126,278 shares of the company’s stock valued at $18,818,000 after buying an additional 10,522 shares during the last quarter. Citigroup Inc. grew its holdings in Penske Automotive Group by 4.1% during the 3rd quarter. Citigroup Inc. now owns 63,548 shares of the company’s stock worth $10,321,000 after acquiring an additional 2,475 shares during the last quarter. International Assets Investment Management LLC increased its position in Penske Automotive Group by 12,674.5% in the 3rd quarter. International Assets Investment Management LLC now owns 59,146 shares of the company’s stock valued at $9,606,000 after acquiring an additional 58,683 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Penske Automotive Group by 19.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 55,767 shares of the company’s stock worth $8,501,000 after acquiring an additional 9,199 shares during the last quarter. 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.