Penske Automotive Group Increases Quarterly Dividend From $0.96 To $1.07 Per Share

7/24/24 4:31:07 PM ET

Retail-Auto Dealers and Gas Stations

Consumer Discretionary

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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.

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Recent Analyst Ratings for
$PAG

Date	Price Target	Rating	Analyst
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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$PAG
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Gabelli Funds to Host 48th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada
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
10/29/24 8:00:00 AM ET
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Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Auto & Home Supply Stores
Auto Parts:O.E.M.
PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
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
10/29/24 6:58:00 AM ET
$PAG
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
PENSKE AUTOMOTIVE GROUP SIGNS AGREEMENT TO ACQUIRE ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA
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
10/23/24 4:10:00 PM ET
$PAG
Retail-Auto Dealers and Gas Stations
Consumer Discretionary

$PAG
Financials

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PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
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
10/29/24 6:58:00 AM ET
$PAG
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND 11% TO $1.19
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
10/16/24 4:21:00 PM ET
$PAG
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
PENSKE AUTOMOTIVE GROUP SCHEDULES THIRD QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL
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
10/15/24 7:00:00 AM ET
$PAG
Retail-Auto Dealers and Gas Stations
Consumer Discretionary

Penske Automotive Group Increases Quarterly Dividend From $0.96 To $1.07 Per Share

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Recent Analyst Ratings for
$PAG

$PAG
Press Releases

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Gabelli Funds to Host 48th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada

PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS

PENSKE AUTOMOTIVE GROUP SIGNS AGREEMENT TO ACQUIRE ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA

$PAG
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Penske Auto upgraded by Morgan Stanley with a new price target

Stephens initiated coverage on Penske Auto with a new price target

Penske Auto downgraded by JP Morgan with a new price target

$PAG
SEC Filings

SEC Form 10-Q filed by Penske Automotive Group Inc.

Penske Automotive Group Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Penske Automotive Group Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

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PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS

PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND 11% TO $1.19

PENSKE AUTOMOTIVE GROUP SCHEDULES THIRD QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL

$PAG
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

EVP - Human Resources Denker Claude H Iii gifted 250 shares, decreasing direct ownership by 0.66% to 37,663 units (SEC Form 4)

Director Steinhart Ronald G gifted 618 shares, decreasing direct ownership by 1% to 50,383 units (SEC Form 4)

Director Eisenson Michael R gifted 10,000 shares, decreasing direct ownership by 12% to 71,574 units (SEC Form 4)

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