Penske Automotive Group 주식 (NYSE: PAG)

에 대한 최신 뉴스 Penske Automotive Group (NYSE:PAG) 주식

Penske Automotive Group

Penske Automotive Group operates in about 20 US states and overseas. It has over 150 US and Puerto Rico light-vehicle stores as well as 210 franchised dealerships overseas, primarily in the United Kingdom but also in Australia, Continental Europe, and Japan. The company is the third-largest US-based dealership in terms of light-vehicle revenue and sells more than 40 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other segments are service and finance and insurance. The firm's Premier Truck Group owns 46 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns nearly 20 used-vehicle stores, mostly in the US and UK under the CarShop (US) and Sytner Select (UK) brands. Penske is based in Bloomfield Hills, Michigan,

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Since its launch in 2018, CUPRA, the first new automotive brand created within the Volkswagen Group, has sold over 750,000 cars.&nbsp;
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Spain Car Brand CUPRA Says It Is In Preliminary Talks With Penske Automotive Group To Explore Partnership In US

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Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

Penske Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) shares are trading lower after the company reported worse-than-expected<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> third-quarter financial results.</a>
The company reported earnings per share of $3.39, missing the street view of $3.42. Quarterly sales of $7.59 billion (+2%) missed the analyst consensus of $7.67 billion.
The company reported quarterly retail automotive service and parts revenue of $778.0 million, marking a 14% growth. Additionally, same-store retail automotive service and parts revenue rose by 7%, while related gross profit increased by 6%.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41597492/mcdonalds-q3-earnings-revenue-and-profit-beat-global-comp-sales-dip-no-mention-of-e-coli-impact" rel="noreferrer noopener"> McDonald&#8217;s Q3 Earnings: Revenue And Profit Beat, Global Comp Sales Dip, No Mention Of E.coli Impact</a>
&#8220;New and used retail automotive gross profit per unit remained strong, retail automotive service and parts performed at record levels, the retail commercial truck business performed well, selling, general, and administrative expenses remained well controlled, and the equity income from Penske Transportation Solutions increased 14% sequentially despite continued freight challenges,&#8221; said Chair&nbsp;and CEO&nbsp;Roger Penske.
As of September&nbsp;30, Premier Truck Group operated 46 North American retail commercial truck locations. For the three months ended September&nbsp;30, retail unit sales increased 14% to 6,331.&nbsp;
Penske Automotive exited the quarter with cash and equivalents worth $91.9 million and inventories worth $4.822 billion. The company&#8217;s long-term debt as of quarter end totaled $1.132 billion.
Price Action: PAG shares are trading lower by 1.92% to $152.65 at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41591063/apple-will-be-the-first-to-hit-4-trillion-market-cap-milestone-says-dan-ives-as-hundreds-of-apps" target="_blank" rel="noreferrer noopener">Apple&#8217; Will Be The First To Hit&#8217; $4 Trillion Market Cap Milestone, Says Dan Ives As Hundreds Of Apps Will Be Built On AI Feature</a></li>
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Earnings

Equities

Guidance

Markets

Movers

General

Penske Automotive Group Stock Dips After Q3 Earnings Miss Amid Continued Freight Challenges

Pense Automotive shares are trading lower after the company reported worse-than-expected Q3 financial results.

Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) reported quarterly earnings of $3.39 per share which missed the analyst consensus estimate of $3.42 by 0.88 percent. The company reported quarterly sales of $7.59 billion which missed the analyst consensus estimate of $7.67 billion by 1.06 percent. This is a 1.92 percent increase over sales of $7.45 billion the same period last year.

Earnings Misses

Penske Automotive Group Q3 2024 GAAP EPS $3.39 Misses $3.42 Estimate, Sales $7.59B Miss $7.67B Estimate

Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Penske Automotive Group will report an earnings per share (EPS) of $3.52.
Penske Automotive Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
During the last quarter, the company reported an EPS beat by $0.22, leading to a 1.64% drop in the share price on the subsequent day.
Here's a look at Penske Automotive Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3.39</td>
<td>3.35</td>
<td>3.69</td>
<td>4.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>3.61</td>
<td>3.21</td>
<td>3.45</td>
<td>3.92</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-1.0%</td>
<td>-0.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730124143_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Penske Automotive Group were trading at $152.26 as of October 25. Over the last 52-week period, shares are up 8.34%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Penske Automotive Group</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Penske Automotive Group.
The consensus rating for Penske Automotive Group is Underperform, derived from 4 analyst ratings. An average one-year price target of $160.25 implies a potential 5.25% upside.
<h3>Comparing Ratings with Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of Murphy USA, CarMax and Lithia Motors, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Outperform trajectory for Murphy USA, with an average 1-year price target of $519.25, suggesting a potential 241.03% upside.</li>
<li>The consensus among analysts is an Neutral trajectory for CarMax, with an average 1-year price target of $84.12, indicating a potential 44.75% downside.</li>
<li>As per analysts' assessments, Lithia Motors is favoring an Neutral trajectory, with an average 1-year price target of $340.17, suggesting a potential 123.41% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary provides a snapshot of key metrics for Murphy USA, CarMax and Lithia Motors, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Penske Automotive Group</td>
<td>Underperform</td>
<td>3.06%</td>
<td>$1.26B</td>
<td>4.94%</td>
</tr>
<tr>
<td>Murphy USA</td>
<td>Outperform</td>
<td>-2.39%</td>
<td>$607.60M</td>
<td>18.18%</td>
</tr>
<tr>
<td>CarMax</td>
<td>Neutral</td>
<td>-0.85%</td>
<td>$760.47M</td>
<td>2.15%</td>
</tr>
<tr>
<td>Lithia Motors</td>
<td>Neutral</td>
<td>-0.12%</td>
<td>$1.42B</td>
<td>3.22%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Penske Automotive Group ranks in the middle for Consensus rating. It is at the bottom for Revenue Growth. It is at the top for Gross Profit. It is at the bottom for Return on Equity.
<h3>Get to Know Penske Automotive Group Better</h3>
Penske Automotive Group operates in about 20 US states and overseas. It has over 150 US light-vehicle stores including in Puerto Rico as well as 210 franchised dealerships overseas, primarily in the United Kingdom but also in Australia, Continental Europe, and Japan. The company is the third-largest US-based dealership in terms of light-vehicle revenue and sells more than 40 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other segments are service and finance and insurance. The firm's Premier Truck Group owns 48 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns over 10 used-vehicle stores in the US and UK under the CarShop (US) and Sytner Select (UK) brands. The company is based in Bloomfield Hills, Michigan,
<h3>Breaking Down Penske Automotive Group's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Penske Automotive Group's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 3.06%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Penske Automotive Group's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 3.13%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.94%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Penske Automotive Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.47%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Penske Automotive Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.68.
<a href="https://www.benzinga.com/quote/PAG/earnings">To track all earnings releases for Penske Automotive Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring Penske Automotive Group's Earnings Expectations

Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide
BLOOMFIELD HILLS, Mich., Oct. 23, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>), 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.&nbsp; Upon completion of the acquisition, Porsche Centre Melbourne will expand the Company's partnership with Porsche in Melbourne to deliver an exceptional level of customer experience. &nbsp;The acquisition is expected to add $130 million in estimated annualized revenue, bringing the estimated annualized revenue for the three Porsche Dealerships in Melbourne to $260 million.&nbsp; The acquisition is subject to customary conditions and is expected to close by the end of this year. &nbsp;

Penske Automotive Group Signs Agreement To Acquire Additional Porsche Dealership In Melbourne, Australia; Expected To Add $130M In Estimated Annualized Revenue, Bringing The Estimated Annualized Revenue For The 3 Porsche Dealerships In Melbourne To $260M; Financial Terms Of Transaction Not Disclosed

Dividends

Penske Automotive Group Increases Quarterly Dividend From $1.07/Share To $1.19/Share

In the current market session, Penske Automotive Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) share price is at $155.10, after a 0.26% drop. Over the past month, the stock spiked by 3.56%, but over the past year, it actually fell by 0.77%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

<img src="https://www.benzinga.com/files/images/story/2024/1728395141_0.png" alt="Past Year Chart" />

<h3>Penske Automotive Group P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 20.93 in the Specialty Retail industry, Penske Automotive Group Inc. has a lower P/E ratio of 11.44. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728395141_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Penske Automotive Group

Analysts at Morgan Stanley sparked a shakeup across auto stocks Wednesday as the firm moved to the sidelines on automakers and turned more positive on <a href="https://www.benzinga.com/money/best-auto-parts-stocks">dealers and parts companies</a>.
What Happened: Morgan Stanley analyst Adam Jonas downgraded Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) on Wednesday as he cut his overall U.S. auto industry outlook from Attractive to In Line.
Jonas&#8217; more sour view of the auto industry landscape is being driven by a combination of factors he believes may not be fully understood by the market, including climbing inventories, vehicle affordability challenges, rising credit losses and delinquencies and growth slowdowns in China.
&#8220;In addition, our previous attractive industry view was supported by our expectation of significant strategic changes such as lower capex and potential consolidation (M&amp;A/partnership) to improve capital efficiency. While there has been some modicum of progress, it has failed to meet our expectations,&#8221; the Morgan Stanley analyst said in a new note to clients.
Jonas also noted Morgan Stanley had been optimistic about automakers getting a boost for being AI enablers, but that concerns about the significant capital requirements for AI development now counter thesis.
Finally, investors are looking for an opportunity in the market driven by the <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/41008403/consumer-confidence-tumbles-as-concerns-over-labor-market-grow-odds-rise-for-50-b">Federal Reserve&#8217;s rate-cutting cycle</a>, but although rate cuts can provide &#8220;temporary&#8221; relief for automakers, cuts are not likely to drive material outperformance, Jonas said.
The Morgan Stanley analyst highlighted data showing that although U.S. auto stocks have modestly outperformed on average in the six months following a rate cut, they have historically underperformed over the subsequent six-month period.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41024067/mortgage-demand-soars-as-fed-interest-rate-cut-fuels-housing-market-revival-next-sp">Mortgage Demand Soars As Fed Interest Rate Cut Fuels Housing Market Revival: &#8216;Next Spring Could See A Real Rebound&#8217;</a>
Ford Downgrade: Morgan Stanley downgraded Ford from Overweight to Equal-Weight and lowered the price target from $16 to $12.
Jonas expects Ford to suffer greater market share losses through the end of the decade. The analyst also anticipates pricing headwinds and regulatory compliance risk, which could hurt profitability. Jonas lowered his normalized earnings expectations by 15.1%. 
Morgan Stanley has a bull case price target of $19 on Ford stock and a bear case price target of $6.
GM Downgrade: Morgan Stanley downgraded GM from <a href="https://www.benzinga.com/analyst-stock-ratings">Equal-Weight to Underweight</a> and lowered the price target from&nbsp;$47&nbsp;to&nbsp;$42.
Jonas sees a lot of the same headwinds in front of GM. He specifically pointed to <a href="https://www.benzinga.com/news/24/09/40981404/us-proposes-ban-on-vehicles-equipped-with-chinese-software-as-team-biden-cracks-down-on-foreign-adve">China concerns</a> as one of the main drivers of the downgrade. GM has significant exposure to the Chinese automakers through its joint ventures, the analyst said.
&#8220;In addition, we believe investors may not appreciate the potentially adverse impact that excess capacity in China has on other highly profitable regions in the global auto market,&#8221; Jonas said.
Morgan Stanley lowered its normalized earnings estimates for GM by 16.4% but left its bull case price target of $62 and bear case price target of $28 unchanged.
Rivian Downgrade: Morgan Stanley downgraded Rivian from Overweight to Equal-Weight and lowered the price target from $16 to $13.
&#8220;The downgrade reflects our incorporation of the capital intensity of AV/ADAS which may be required to fulfill the technological underpinnings that attracted Volkswagen as a JV partner,&#8221; Jonas said. 
The Morgan Stanley analyst increased his annual capex estimates by $200 to $300 million per year beginning in 2026 as he waits for management to announce details around its joint venture cost structure. 
Morgan Stanley&#8217;s new price target of $13 consists of $10 per share in value for the automotive business and $3 per share in value for Rivian&#8217;s software and services business. The firm has a bull case price target of $29 and a bear case target of $6.
Related Link: <a href="https://www.benzinga.com/news/24/09/40985825/tesla-and-chinese-ev-startups-outpace-toyota-volkswagen-in-critical-software-race-report">Tesla And Chinese EV Startups Outpace Toyota, Volkswagen In Critical Software Race: Report</a>
Why It Matters: On the flip side, Morgan Stanley upgraded franchise dealers as the firm believes we are in the later innings of mean reversion in the franchise dealer model relative to legacy automakers who are just now going through peak earnings and are battling increased headwinds. 
&#8220;We believe that our latent concerns about the franchise dealer business model (secular DTC bear case, mean reversion thesis) have proven largely mitigated and see greater risk in other pockets of our U.S. autos coverage,&#8221; Jonas said.
Franchise dealers have proven to be pretty resilient by managing costs and focusing more on parts and services profits. Given the slower-than-expected <a href="http://benzinga.com/topic/evs">EV</a> adoption pace, these companies stand to benefit from a longer internal combustion engine parts tail and strength in hybrids, the analyst said.
Furthermore, many of the franchise dealers are more geared toward the higher-end consumer, which helps insulate the companies from a broader deterioration in auto credit relative to other areas of Morgan Stanley&#8217;s coverage.
<ul>
<li>Morgan Stanley upgraded Group 1 Automotive Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) from Equal Weight to Overweight and raised the price target to $430.</li>
</ul>
<ul>
<li>Morgan Stanley upgraded Penske Automotive Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) from Underweight to Overweight and raised the price target from $115 to $180.</li>
</ul>
<ul>
<li>Morgan Stanley upgraded AutoNation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) from Equal-Weight to Overweight and raised the price target from $145 to $200.</li>
</ul>
<ul>
<li>Morgan Stanley upgraded Asbury Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) from Underweight to Equal-Weight and raised the price target from $190 to $240.</li>
</ul>
<ul>
<li>Morgan Stanley upgraded Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) from Underweight to Equal-Weight and raised the price target from $225 to $310.</li>
</ul>
<ul>
<li>Morgan Stanley upgraded Sonic Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>) from Underweight to Equal-Weight and raised the price target from $40 to $58.</li>
</ul>
F, GM, RIVN Price Action: At publication time, Ford shares were down 4.46% at $10.39, GM shares were down 5.51% at $45.42 and Rivian shares were down 6.42% at $11.10, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40973189/teslas-chinese-rival-byd-plans-to-assemble-evs-in-pakistan-after-india-said-no-we-have-big-ambit">Tesla&#8217;s Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: &#8216;We Have Big Ambitions&#8217;</a></li>
</ul>
Photo: Shutterstock.

Analyst Color

Upgrades

Downgrades

Price Target

RIVN

Analyst Ditches Automakers For Auto Dealers, Parts Companies

Morgan Stanley analyst Adam Jonas upgrades Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) from Underweight to Overweight and raises the price target from $115 to $180.

Analyst Ratings

Morgan Stanley Upgrades Penske Automotive Group to Overweight, Raises Price Target to $180

Throughout the last three months, 4 analysts have evaluated Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>), offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $160.25, a high estimate of $180.00, and a low estimate of $140.00. This upward trend is apparent, with the current average reflecting a 6.83% increase from the previous average price target of $150.00.
<img src="https://www.benzinga.com/files/images/story/2024/1726160463_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Penske Automotive Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeff Lick</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$161.00</td>
<td>-</td>
</tr>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$160.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$140.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$180.00</td>
<td>$175.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Penske Automotive Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Penske Automotive Group compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Penske Automotive Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Penske Automotive Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PAG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Penske Automotive Group analyst ratings.</a>
<h2>Delving into Penske Automotive Group's Background</h2>
Penske Automotive Group operates in about 20 US states and overseas. It has over 150 US light-vehicle stores including in Puerto Rico as well as 210 franchised dealerships overseas, primarily in the United Kingdom but also in Australia, Continental Europe, and Japan. The company is the third-largest US-based dealership in terms of light-vehicle revenue and sells more than 40 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other segments are service and finance and insurance. The firm's Premier Truck Group owns 48 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns over 10 used-vehicle stores in the US and UK under the CarShop (US) and Sytner Select (UK) brands. The company is based in Bloomfield Hills, Michigan,
<h3>Penske Automotive Group: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining Penske Automotive Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.06% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Penske Automotive Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.13% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Penske Automotive Group's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.94% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Penske Automotive Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.47%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Penske Automotive Group's debt-to-equity ratio is below the industry average. With a ratio of 1.68, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 4 Analyst Ratings For Penske Automotive Group

Stephens &amp; Co. analyst Jeff Lick initiates coverage on Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) with a Equal-Weight rating and announces Price Target of $161.

Initiation

Stephens & Co. Initiates Coverage On Penske Automotive Group with Equal-Weight Rating, Announces Price Target of $161

JP Morgan analyst Rajat Gupta maintains Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) with a Underweight and raises the price target from $140 to $160.

JP Morgan Maintains Underweight on Penske Automotive Group, Raises Price Target to $160

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Shares of auto and auto-related stocks are trading higher following a rise in July auto sales.

JP Morgan analyst Rajat Gupta maintains Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) with a Underweight and raises the price target from $135 to $140.

JP Morgan Maintains Underweight on Penske Automotive Group, Raises Price Target to $140

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Shares of retail companies are trading lower amid overall market weakness following weak US data. Soft guidance from Amazon may be negatively impacting the sector.

Penske Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) shares are trading higher on Wednesday after the company <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">released its second-quarter results.</a>
The company reported earnings per share of $3.61, beating the street view of $3.40. Quarterly sales of $7.697 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40063223/penske-automotive-group-reports-quarterly-results" rel="noreferrer noopener">beating the analyst consensus of $7.576 billion.</a>
For the quarter, revenue increased 3% from the second quarter of 2023.
Chair and CEO&nbsp;Roger Penske&nbsp;said, &#8220;I am pleased to see that our service and parts business remains strong and contributed to our record total quarterly revenue of&nbsp;$7.7 billion.&#8221;
Revenue saw a 10% rise in quarterly retail automotive service and parts revenue, reaching $753 million. Sequentially, equity earnings from Penske Transportation Solutions grew by 63%.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/07/40062747/asia-markets-up-europe-opens-higher-crude-advances-2-6-global-markets-today-while-us-slept" rel="noreferrer noopener">Asia Markets Up, Europe Opens Higher, Crude Advances 2.6% &#8211; Global Markets Today While US Slept</a>
Compared to the first quarter, earnings before taxes rose by 10%, and earnings per share grew by 12%.
&#8220;In addition, our focus on efficiency and controlling costs drove a sequential decline in selling, general, and administrative expenses as a percentage of gross profit by 50 basis points to 70.2%,&#8221; the CEO added.
As of June&nbsp;30, the company had approximately&nbsp;$1.7 billion&nbsp;in liquidity, including $115&nbsp;million in cash and&nbsp;$1.6 billion&nbsp;of availability under its U.S. and international credit agreements. The company&#8217;s leverage ratio at June&nbsp;30 was 1.2x.
Price Action: PAG shares are trading higher by 6.37% to $175.38 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/24/07/40061267/asml-shares-surge-over-7-as-team-biden-plans-to-exempt-allies-from-new-rule-on-foreign-chip-equipmen" target="_blank" rel="noreferrer noopener">ASML Shares Surge Over 7% As Team Biden Plans To Exempt Allies From New Rule On Foreign Chip Equipment Export To China</a></li>
</ul>

Penske Automotive Surges 6% On Q2 Beat: Details Here

Penske Automotive Group shares are trading higher after the company reported better-than-expected Q2 financial results.

Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) reported quarterly earnings of $3.61 per share which beat the analyst consensus estimate of $3.40 by 6.18 percent. The company reported quarterly sales of $7.697 billion which beat the analyst consensus estimate of $7.576 billion by 1.59 percent. This is a 3.05 percent increase over sales of $7.469 billion the same period last year.

Earnings Beats

Penske Automotive Group Q2 2024 GAAP EPS $3.61 Beats $3.40 Estimate, Sales $7.697B Beat $7.576B Estimate

Reports Q3 revenue $7.59B, consensus $7.67B. Commenting on the company's financial results, chair and CEO Roger Penske said, "I am pleased with our...

Penske Automotive reports Q3 EPS $3.39, consensus $3.41

Penske Automotive Group ( ($PAG) ) just unveiled an announcement. Penske Automotive Group reported a 2% increase in quarterly revenue to $7.6 billi...

Penske Automotive Sees Revenue and Profit Growth

Penske Automotive Group, Inc. (PAG) Q3 2024 Earnings Call Transcript

Penske Automotive ( ($PAG) ) has realeased its Q3 earnings. Here is a breakdown of the information Penske Automotive presented to its investors. Pe...

Penske Automotive Reports Q3 2024 Financial Results

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Morgan Stanley analyst Adam Jonas maintained a Buy rating on Penske Automotive Group (PAG – Research Report) today and set a price target of $180.0...

Morgan Stanley Keeps Their Buy Rating on Penske Automotive Group (PAG)

High Alpha stocks that are rated 'overweight' – MS

Seaport Research raised the firm's price target on Penske Automotive (PAG) to $170 from $165 and keeps a Buy rating on the shares. The firm raised ...

Penske Automotive price target raised to $170 from $165 at Seaport Research

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Press Releases

PENSKE AUTOMOTIVE GROUP SCHEDULES SECOND QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL

PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND 11% TO $1.07

PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS

Gabelli Funds to Host 48th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada

PENSKE AUTOMOTIVE GROUP SCHEDULES THIRD QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL

PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND 11% TO $1.19

PENSKE AUTOMOTIVE GROUP SIGNS AGREEMENT TO ACQUIRE ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA

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