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

Penske Automotive Group, Inc. (NYSE:PAG) – Stock analysts at Seaport Res Ptn dropped their FY2025 earnings per share (EPS) estimates for Penske Automotive Group in a research report issued on Thursday, January 16th. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings of $13.64 per share for the year, down from their previous estimate of $13.69. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.50 per share.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $3.39 EPS for the quarter, missing the consensus estimate 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 business had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.67 billion. During the same period in the previous year, the firm posted $3.90 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year.

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

Penske Automotive Group Stock Performance

NYSE:PAG opened at $163.05 on Monday. The business has a 50 day moving average of $159.53 and a 200 day moving average of $158.96. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 12.49 and a beta of 1.20. Penske Automotive Group has a 1-year low of $142.32 and a 1-year high of $179.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20.

Hedge Funds Weigh In On Penske Automotive Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PAG. Mercer Global Advisors Inc. ADV raised its holdings in shares of Penske Automotive Group by 14.0% during 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 in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Penske Automotive Group by 55.9% during 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 in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Penske Automotive Group by 62.4% during 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 in the last quarter. XTX Topco Ltd bought a new position in shares of Penske Automotive Group during the second quarter valued at approximately $709,000. Finally, AE Wealth Management LLC bought a new position in shares of Penske Automotive Group during the second quarter valued at approximately $338,000. 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.