Penske Auto downgraded by Stephens with a new price target
$PAG
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Stephens downgraded Penske Auto from Overweight to Equal-Weight and set a new price target of $185.00 from $156.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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. |
SC 13D/A - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Subject)
SC 13D/A - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Subject)
SC 13D/A - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Subject)
8-K - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Filer)
10-Q - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Filer)
8-K - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Filer)
4 - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Issuer)
4 - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Issuer)
4 - PENSKE AUTOMOTIVE GROUP, INC. (0001019849) (Issuer)
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
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
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