Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. 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. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts. It also operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as a range of used trucks, and maintenance and repair services. In addition, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks, buses, and Dennis Eagle refuse collection vehicles with associated parts in Australia, New Zealand, and portions of the Pacific. Further, the company distributes diesel and gas engines, and power systems. The company operates 304 retail automotive franchises, including 142 franchises located in the United States and 162 franchises located outside of the United States; 17 used vehicle supercenters in the United States and the United Kingdom; and 25 commercial truck dealerships in Texas, Oklahoma, Tennessee, Georgia, Utah, and Idaho, the United States, as well as Canada. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.
IPO Year:
Exchange: NYSE
Website: penskeautomotive.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/23/2025 | $185.00 | Buy | Citigroup |
| 12/12/2024 | Buy | The Benchmark Company | |
| 9/25/2024 | $115.00 → $180.00 | Underweight → Overweight | Morgan Stanley |
| 9/12/2024 | $161.00 | Equal-Weight | Stephens |
| 7/31/2023 | $150.00 → $140.00 | Neutral → Underweight | JP Morgan |
| 7/19/2023 | $156.00 → $185.00 | Overweight → Equal-Weight | Stephens |
| 3/8/2022 | $90.00 → $95.00 | Underweight | Morgan Stanley |
| 11/17/2021 | $90.00 | Equal-Weight → Underweight | Morgan Stanley |
| 10/28/2021 | $108.00 → $123.00 | Overweight | Stephens & Co. |
| 10/7/2021 | $100.00 → $120.00 | Buy | Truist Securities |
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Citigroup initiated coverage of Penske Auto with a rating of Buy and set a new price target of $185.00
The Benchmark Company initiated coverage of Penske Auto with a rating of Buy
Morgan Stanley upgraded Penske Auto from Underweight to Overweight and set a new price target of $180.00 from $115.00 previously
Stephens initiated coverage of Penske Auto with a rating of Equal-Weight and set a new price target of $161.00
JP Morgan downgraded Penske Auto from Neutral to Underweight and set a new price target of $140.00 from $150.00 previously
Stephens downgraded Penske Auto from Overweight to Equal-Weight and set a new price target of $185.00 from $156.00 previously
Morgan Stanley reiterated coverage of Penske Automotive Group with a rating of Underweight and set a new price target of $95.00 from $90.00 previously
Morgan Stanley downgraded Penske Automotive Group from Equal-Weight to Underweight and set a new price target of $90.00
Stephens & Co. reiterated coverage of Penske Automotive Group with a rating of Overweight and set a new price target of $123.00 from $108.00 previously
Truist Securities reiterated coverage of Penske Automotive Group with a rating of Buy and set a new price target of $120.00 from $100.00 previously
Record First Quarter Revenue Increases 2% to $7.6 Billion Same-Store Retail Automotive Revenue up 2%; Same-Store Retail Automotive Gross Profit up 3% Same-Store Retail Automotive Service and Parts Revenue up 4% and Related Gross Profit up 6% Earnings Before Taxes and Earnings Per Share Increase 14% to $337 Million and $3.66 Adjusted Earnings Before Taxes Increases 5% to $310 Million; Adjusted Earnings Per Share Increases 6% to $3.39 BLOOMFIELD HILLS, Mich., April 30, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced quarterly resul
BLOOMFIELD HILLS, Mich., April 15, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three months ended March 31, 2025, on the morning of Wednesday, April 30, 2025. An investor presentation and earnings press release will be accessible beginning the morning of April 30, 2025 in the Investors section of the Penske Automotive Group website at www.penskeautomotive.com. A conference call and audio webcast to discuss these results will be held later that day as follows: WHEN: Wednesday, Ap
WASHINGTON, April 8, 2025 /PRNewswire/ -- Paralyzed Veterans of America today announced it received a donation of $1.13 million from long-time partner Penske Automotive Group. The amount includes donations from customers, partners and employees of Penske Automotive Group, as well as matching contributions from the company. All the proceeds will be used to help veterans with spinal cord injuries and diseases, like MS and ALS, receive the benefits they earned, the specialized health care they need, and the meaningful careers they want. "Paralyzed Veterans of America is grateful
Q4 Revenue Increases 6% to $7.7 Billion, a Quarterly Record Q4 Same-Store Retail Automotive Service and Parts Revenue up 7% and Related Gross Profit up 9% Q4 Selling, General, and Administrative Expenses as a Percent of Gross Profit Decreases 70 bps to 70.3% Q4 Earnings Before Taxes Increases 23% to $315.2 Million; Earnings Per Share Increases 25% to $3.54 Q4 Earnings Before Taxes Increases 6% to $315.2 Million When Compared to Q4 Adjusted Earnings Before Taxes of $296.5 Million in Prior Year Period Q4 Earnings Per Share Increases 3% to $3.54 When Compared to Q4 Adjusted Earnings Per Share of $3.45 in Prior Year Period Board of Directors Declares the 17th Consecutive Increase in the Quarterl
BLOOMFIELD HILLS, Mich., Feb. 3, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three months and twelve months ended December 31, 2024, on the morning of Thursday, February 13, 2025. An investor presentation and earnings press release will be accessible beginning the morning of February 13, 2025 in the Investors section of the Penske Automotive Group website at www.penske
Strategic Partnership Expected to Elevate Customer Experience Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide BLOOMFIELD HILLS, Mich., Dec. 2, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), 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 completed the acquisition of Porsche Centre Melbourne, located in Melbourne, Australia, from Porsche Retail Group Australia Pty Ltd. Porsche Centre Melbourne represents the Company's 25th Porsche dealership worldwide. The acquisition is expected to add $130 million
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
Quarterly Revenue Increases 2% to $7.6 Billion Record Quarterly Retail Automotive Service and Parts Revenue of $778.0 Million, up 14% Same-Store Retail Automotive Service and Parts Revenue up 7% and Related Gross Profit up 6% Earnings Before Taxes of $304.4 Million and Earnings Per Share of $3.39 BLOOMFIELD HILLS, Mich., Oct. 29, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced quarterly results for the third quarter of 2024. For the quarter, revenue increased 2% from the third quarter of 2023 to $7.6 billion. Net income attribut
Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide BLOOMFIELD HILLS, Mich., Oct. 23, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), 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. 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. The acquisi
GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
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Record First Quarter Revenue Increases 2% to $7.6 Billion Same-Store Retail Automotive Revenue up 2%; Same-Store Retail Automotive Gross Profit up 3% Same-Store Retail Automotive Service and Parts Revenue up 4% and Related Gross Profit up 6% Earnings Before Taxes and Earnings Per Share Increase 14% to $337 Million and $3.66 Adjusted Earnings Before Taxes Increases 5% to $310 Million; Adjusted Earnings Per Share Increases 6% to $3.39 BLOOMFIELD HILLS, Mich., April 30, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced quarterly resul
BLOOMFIELD HILLS, Mich., April 15, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three months ended March 31, 2025, on the morning of Wednesday, April 30, 2025. An investor presentation and earnings press release will be accessible beginning the morning of April 30, 2025 in the Investors section of the Penske Automotive Group website at www.penskeautomotive.com. A conference call and audio webcast to discuss these results will be held later that day as follows: WHEN: Wednesday, Ap
Q4 Revenue Increases 6% to $7.7 Billion, a Quarterly Record Q4 Same-Store Retail Automotive Service and Parts Revenue up 7% and Related Gross Profit up 9% Q4 Selling, General, and Administrative Expenses as a Percent of Gross Profit Decreases 70 bps to 70.3% Q4 Earnings Before Taxes Increases 23% to $315.2 Million; Earnings Per Share Increases 25% to $3.54 Q4 Earnings Before Taxes Increases 6% to $315.2 Million When Compared to Q4 Adjusted Earnings Before Taxes of $296.5 Million in Prior Year Period Q4 Earnings Per Share Increases 3% to $3.54 When Compared to Q4 Adjusted Earnings Per Share of $3.45 in Prior Year Period Board of Directors Declares the 17th Consecutive Increase in the Quarterl
BLOOMFIELD HILLS, Mich., Feb. 3, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three months and twelve months ended December 31, 2024, on the morning of Thursday, February 13, 2025. An investor presentation and earnings press release will be accessible beginning the morning of February 13, 2025 in the Investors section of the Penske Automotive Group website at www.penske
Strategic Partnership Expected to Elevate Customer Experience Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide BLOOMFIELD HILLS, Mich., Dec. 2, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), 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 completed the acquisition of Porsche Centre Melbourne, located in Melbourne, Australia, from Porsche Retail Group Australia Pty Ltd. Porsche Centre Melbourne represents the Company's 25th Porsche dealership worldwide. The acquisition is expected to add $130 million
Quarterly Revenue Increases 2% to $7.6 Billion Record Quarterly Retail Automotive Service and Parts Revenue of $778.0 Million, up 14% Same-Store Retail Automotive Service and Parts Revenue up 7% and Related Gross Profit up 6% Earnings Before Taxes of $304.4 Million and Earnings Per Share of $3.39 BLOOMFIELD HILLS, Mich., Oct. 29, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced quarterly results for the third quarter of 2024. For the quarter, revenue increased 2% from the third quarter of 2023 to $7.6 billion. Net income attribut
Represents 16th Consecutive Quarterly Increase Balance Sheet Remains Strong and Leverage Remains Low BLOOMFIELD HILLS, Mich., Oct. 16, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.19 per share, representing an increase of 11%, or $0.12 per share. This represents the fourth increase to the Company's dividend in 2024 and the 16th consecutive quarterly increase. Including this dividend distribution and the Company's securities repurchases, the Company will have
BLOOMFIELD HILLS, Mich., Oct. 15, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three months and nine months ended September 30, 2024, on the morning of Tuesday, October 29, 2024. A conference call to discuss these results will be held later that day as follows: WHEN: Tuesday, October 29, 2024 TIME: 1:00 PM Eastern PHONE: United States, please dial (877) 692-8955 (access code 5321074) International, please dial (234) 720-6979 (access code 5321074) Note: Callers should dial-in approxima
Revenue Increases 3% to $7.7 Billion, a Quarterly Record Record Retail Automotive Service and Parts Revenue of $753 Million, up 10% Earnings Before Taxes of $326 Million and Earnings Per Share of $3.61 Sequential Improvement in Earnings Before Taxes and Earnings Per Share of 10% and 12%, Respectively, from First Quarter of 2024 BLOOMFIELD HILLS, Mich., July 31, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced quarterly results for the second quarter of 2024. For the quarter, revenue increased 3% from the second quarter of 2023 to
Represents 15th Consecutive Quarterly Increase Increase Highlights Strength of Balance Sheet and Low Leverage BLOOMFIELD HILLS, Mich., July 24, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.07 per share, representing an 11% or $0.11 per share increase. This represents the third increase to the Company's dividend in 2024 and the 15th consecutive quarterly increase. Including this dividend distribution and the Company's securities repurchases, the Company will