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 45 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.

Penske Automotive Group, Inc. Common Stock

Penske Automotive Group Inc

PARAGON ID SA by Paragon Id Sa

Plains GP Holdings, L.P. - Class A Shares representing limited partner interests

Plains GP Holdings LP

PagSeguro Digital Ltd. Class A Common Shares

PagSeguro Digital Ltd

Pagaya Technologies Ltd. - Class A Ordinary Shares

Pagaya Technologies Ltd

PageGroup PLC

PagerDuty Inc

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 $160 to $165.

News

Price Target

Analyst Ratings

JP Morgan Maintains Underweight on Penske Automotive Group, Raises Price Target to $165

Stephens &amp; Co. analyst Jeff Lick reiterates Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) with a Equal-Weight and maintains $165 price target.

Reiteration

Stephens & Co. Reiterates Equal-Weight on Penske Automotive Group, Maintains $165 Price Target

Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43692996/inflation-fears-mount-as-producer-prices-soar-to-35-put-fed-interest-rate-cut-on-ice">over persistent inflationary pressures. </a>
Despite the hotter-than-expected PPI reading—up 3.5% year-over-year in January, surpassing the 3.3% forecast—investors found some relief in certain PPI components that influence the Federal Reserve's preferred inflation gauge, which showed signs of <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43701823/economists-breathe-sigh-of-relief-why-producer-inflation-isnt-as-bad-as-it-seems">cooling compared to December.</a>
Investor risk appetite remained supported by expectations of ceasefire talks in Ukraine following a conversation between former President Donald Trump and Russian President Vladimir Putin a day earlier. 
By midday trading in New York, all major indices were in positive territory, with technology stocks leading the gains. Among semiconductor stocks, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) continued to rally, surging 10% after strong performances in prior sessions. 
The U.S. chipmaker benefited from renewed buying momentum following comments from Vice President J.D. Vance, who indicated that the Trump administration plans to ease regulations to accelerate AI chip innovation in the U.S.
Intel has now soared over 27% this week, tracking its best weekly performance since 1974. 
The U.S. dollar extended its decline as Treasury yields pulled back sharply, reversing Wednesday&#8217;s surge.
In commodities, gold edged up 0.4% to $2,918 per ounce, oil remained steady at $71 per barrel, and natural gas surged 2.4% to $3.66 per million British thermal units. 
Sentiment in cryptocurrency markets remained subdued, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sliding 2.4% to trade below $96,000.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,903.94</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,088.51</td>
<td>0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,493.13</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,261.64</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.6% to $606.89.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.3% to $445.18.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.9% to $532.98.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.4% to $224.58.</li>
<li>The&nbsp;Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 1.1%; the&nbsp;Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.2%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to company earnings reports included:
<ul>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>): up 2.05%</li>
<li>Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>): down 7.8%</li>
<li>Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>): down 2.5%</li>
<li>American Electric Power Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>): down 0.6%</li>
<li>Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>): down 1.9%</li>
<li>Moody's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>): up 2.9%</li>
<li>Deere &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>): down 1.5%</li>
<li>PPL Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>): down 1.8%</li>
<li>MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>): up 17.9%</li>
<li>Paycom Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>): flat</li>
<li>HubSpot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>): up 1.6%</li>
<li>Lincoln Electric Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>): up 11.7%</li>
<li>Curtiss-Wright Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>): down 0.5%</li>
<li>West Pharmaceutical Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>): down 34%</li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>): up 1.1%</li>
<li>DTE Energy Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>): up 2.4%</li>
<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): up 19.9%</li>
<li>Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>): down 8.8%. </li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43703014/robert-f-kennedy-confirmed-as-trump-secretary-of-health">Robert F. Kennedy, Vaccine Skeptic, Confirmed As Trump&#8217;s Secretary Of Health: Health Care Stocks To Watch</a></li>
</ul>
Photo: Ryan DeBerardinis via Shutterstock

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Select Sector SPDR-Consumer Discretionary

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Stocks Rise Despite Hot Producer Inflation, Intel Soars, Bitcoin Drops Below $96,000: What's Driving Markets Thursday?

Penske Automotive Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) shares <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43688480/penske-automotive-group-reports-fourth-quarter-and-full-year-2024-results" rel="noreferrer noopener">are trading higher on Thursday.</a>
The company reported: 
<ul>
<li>Fourth-quarter adjusted earnings per share of $3.54, beating the street view of $3.29. </li>
<li>Quarterly sales of $7.72 billion (up 6% year over year), outpacing the analyst consensus of $7.58 billion.  </li>
<li>Delivery of new and used retail automotive units increased by 3%. </li>
<li>Retail automotive same-store revenue grew by 5%</li>
<li>New vehicle sales up by 7%</li>
<li>Used vehicle sales up by 1%</li>
<li>Finance and insurance down by 3%</li>
<li>Service and parts up by 7%.</li>
</ul>
The gross margin for retail automotive service and parts increased by 30 basis points.
&#8220;New and used automotive gross profit per unit retailed remained strong, including a&nbsp;$74&nbsp;per unit sequential increase in new vehicle gross profit per unit retailed when compared to the third quarter of 2024, and same-store service and parts revenue and gross profit increased 7% and 9%, respectively,&#8221; said Chair&nbsp;and CEO&nbsp;Roger Penske.
Also Read:<a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43697320/robinhood-stock-is-soaring-thursday-whats-going-on" rel="noreferrer noopener"> Robinhood Stock Is Soaring Thursday: What&#8217;s Going On?</a>
As of Dec. 31, Premier Truck Group operated 45 North American retail commercial truck locations. 
The company exited the quarter with cash and equivalents worth $72.4 million, lower than $96.4 million a year ago.
Long-term debt as of quarter end totaled $1.130 billion, compared with $1.419 billion a year ago.
Dividend: The company approved a quarterly dividend of&nbsp;$1.22&nbsp;per share, representing an increase of 2.5%, or&nbsp;$0.03&nbsp;per share.
This represents 17th consecutive quarterly increase. The dividend is payable on&nbsp;March 6.
Price Action: PAG shares are trading higher by 6.09% to $174.67 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43700767/netflix-stock-attractive-at-all-time-highs-for-analyst-virtuous-circle-of-strong-subscriber-growth-more-revenue-and-growing-profit" target="_blank" rel="noreferrer noopener">Netflix Stock Attractive At All-Time Highs For Analyst: &#8216;Virtuous Circle Of Strong Subscriber Growth, More Revenue, And Growing Profit&#8217;</a></li>
</ul>
Image: Shutterstock

Earnings

Guidance

Markets

Movers

General

Penske Boasts Q4 Earnings Beat, Revenues Up As New And Used Car Deliveries Increase 3%

WIIM

Penske Automotive Group shares are trading higher after the company reported better-than-expected Q4 financial results and increased its quarterly dividend from $1.19 per share to $1.22

The dividend is payable March 6, 2025, to shareholders of record as of February 24, 2025.

Dividends

Penske Automotive Increases Quarterly Dividend By 2.5% From $1.19 To $1.22 Per Share

Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) reported quarterly earnings of $3.54 per share which beat the analyst consensus estimate of $3.29 by 7.6 percent. This is a 2.61 percent increase over earnings of $3.45 per share from the same period last year. The company reported quarterly sales of $7.72 billion which beat the analyst consensus estimate of $7.58 billion by 1.87 percent. This is a 6.15 percent increase over sales of $7.27 billion the same period last year.

Earnings Beats

Penske Automotive Group Q4 2024 Adj EPS $3.54 Beats $3.29 Estimate, Sales $7.72B Beat $7.58B Estimate

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Earnings Scheduled For February 13, 2025

Penske Automotive Has Acquired Porsche Centre Melbourne From Porsche Retail Group Australia, The Acquisition Is Expected To Add $130M In Estimated Annualized Revenue, Bringing The Estimated Annualized Revenue For The Company's Three Porsche Dealerships In Melbourne To $260M

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Shares of retail companies are trading higher possibly amid overall market strength. The sector may be gaining as investors evaluate the impact of Black Friday sales.

Seaport Global analyst Glenn Chin maintains Penske Automotive Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) with a Buy and raises the price target from $165 to $170.

Seaport Global Maintains Buy on Penske Automotive Group, Raises Price Target to $170

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>
</ul>

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

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

Press Releases

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

PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS

PENSKE AUTOMOTIVE GROUP COMPLETES ACQUISITION OF ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA

PENSKE AUTOMOTIVE GROUP SCHEDULES FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL RESULTS CONFERENCE CALL

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