What is Seaport Res Ptn’s Forecast for PAG FY2025 Earnings?

Penske Automotive Group, Inc. (NYSE:PAG) – Seaport Res Ptn dropped their FY2025 earnings per share (EPS) 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 previous forecast of $13.69. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.50 per share.

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

Penske Automotive Group Trading Up 1.6 %

NYSE PAG opened at $163.05 on Monday. Penske Automotive Group has a 12 month low of $142.32 and a 12 month high of $179.72. The stock has a market cap of $10.89 billion, a P/E ratio of 12.49 and a beta of 1.20. The stock’s fifty day moving average price is $159.53 and its 200-day moving average price is $158.96. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22.

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

Institutional Investors Weigh In On Penske Automotive Group

Several institutional investors have recently modified their holdings of PAG. Mercer Global Advisors Inc. ADV lifted its holdings in Penske Automotive Group by 14.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,773 shares of the company’s stock valued at $562,000 after acquiring an additional 462 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Penske Automotive Group by 55.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,121 shares of the company’s stock valued at $588,000 after acquiring an additional 1,477 shares during the period. Hsbc Holdings PLC lifted its holdings in Penske Automotive Group by 62.4% in the second quarter. Hsbc Holdings PLC now owns 28,035 shares of the company’s stock valued at $4,163,000 after acquiring an additional 10,774 shares during the period. XTX Topco Ltd bought a new position in Penske Automotive Group in the second quarter valued at about $709,000. Finally, AE Wealth Management LLC bought a new position in Penske Automotive Group in the second quarter valued at about $338,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

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.