Zacks Research Has Bullish Estimate for PAG Q2 Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Equities research analysts at Zacks Research raised their Q2 2027 earnings per share (EPS) estimates for shares of Penske Automotive Group in a report released on Wednesday, August 12th. Zacks Research analyst Team now expects that the company will post earnings of $3.55 per share for the quarter, up from their previous forecast of $3.49. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.61 per share. Zacks Research also issued estimates for Penske Automotive Group’s Q2 2028 earnings at $3.76 EPS and FY2028 earnings at $15.03 EPS.

Several other research firms have also weighed in on PAG. Stephens upped their target price on Penske Automotive Group from $166.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Bank of America lifted their price target on Penske Automotive Group from $200.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Citigroup lowered shares of Penske Automotive Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $199.00 to $210.00 in a research report on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Penske Automotive Group from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Benchmark downgraded shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.88.

Penske Automotive Group Stock Performance

Shares of PAG stock opened at $218.54 on Friday. The stock has a fifty day moving average price of $195.30 and a 200 day moving average price of $172.29. The stock has a market cap of $14.35 billion, a PE ratio of 16.09, a P/E/G ratio of 2.90 and a beta of 0.84. Penske Automotive Group has a 1 year low of $140.12 and a 1 year high of $227.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.21 and a current ratio of 0.98.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.42 by $0.20. Penske Automotive Group had a return on equity of 14.78% and a net margin of 2.81%.The business had revenue of $8.51 billion for the quarter, compared to analysts’ expectations of $7.98 billion. During the same quarter in the prior year, the firm posted $3.78 EPS. The company’s revenue was up 11.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Navalign LLC purchased a new position in Penske Automotive Group in the 4th quarter valued at about $26,000. International Assets Investment Management LLC purchased a new stake in shares of Penske Automotive Group during the fourth quarter worth about $30,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Penske Automotive Group during the second quarter worth about $35,000. Rothschild Investment LLC raised its position in shares of Penske Automotive Group by 37.5% in the fourth quarter. Rothschild Investment LLC now owns 242 shares of the company’s stock valued at $38,000 after buying an additional 66 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Penske Automotive Group in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

Insider Buying and Selling at Penske Automotive Group

In other news, CFO Michelle Hulgrave sold 1,500 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $171.80, for a total value of $257,700.00. Following the sale, the chief financial officer directly owned 17,596 shares in the company, valued at $3,022,992.80. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg C. Smith sold 1,488 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $160.02, for a total value of $238,109.76. The SEC filing for this sale provides additional information. Company insiders own 52.90% of the company’s stock.

Penske Automotive Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $1.44 per share. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, August 14th. This represents a $5.76 dividend on an annualized basis and a yield of 2.6%. Penske Automotive Group’s payout ratio is currently 41.83%.

Trending Headlines about Penske Automotive Group

Here are the key news stories impacting Penske Automotive Group this week:

• Positive Sentiment: Takeover proposal under review: Penske Automotive formed a committee to review an unsolicited takeover proposal. Although financial terms and the likelihood of a transaction were not disclosed, the news could support the share price by raising expectations for a potential acquisition premium or other strategic alternatives. Penske Automotive Forms Committee to Review Takeover Proposal
• Positive Sentiment: Several longer-term earnings estimates increased: Zacks Research raised its FY2026 EPS forecast to $13.65 from $13.43, Q2 2027 EPS to $3.55 from $3.49, Q2 2028 EPS to $3.76 from $3.64, and FY2028 EPS to $15.03 from $14.94. The FY2026 estimate is also above the broader consensus forecast of $13.61, indicating improving expectations for near-term profitability.
• Neutral Sentiment: Analyst revisions were mixed: Zacks lifted its Q3 2026 estimate slightly to $3.48 from $3.47, but trimmed estimates for Q4 2026, Q1 2027, Q3 2027, Q4 2027 and FY2027. The FY2027 forecast fell to $14.15 from $14.30, suggesting some pressure on intermediate-term earnings despite stronger forecasts farther out.

About Penske Automotive Group

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.