PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND 11% TO $1.07
- 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.
- 07/24/2024
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PENSKE AUTOMOTIVE GROUP SCHEDULES SECOND QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL
- BLOOMFIELD HILLS, Mich. , July 18, 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 six months ended June 30, 2024, on the morning of Wednesday, July 31, 2024.
- 07/18/2024
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Penske (PAG) Buys Bill Brown Ford to Expand Retail Operations
- Penske (PAG) acquires Bill Brown Ford in southeastern Michigan to expand its North American retail operations presence in the Midwest.
- 07/17/2024
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Earnings Preview: Penske Automotive (PAG) Q2 Earnings Expected to Decline
- Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/17/2024
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PENSKE AUTOMOTIVE GROUP ACQUIRES BILL BROWN FORD
- Expands North America Retail Operations Presence in the Midwest Expected to Add $550 Million in Estimated Annualized Revenue BLOOMFIELD HILLS, Mich. , July 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 with operations across four continents and nine countries, announced today the acquisition of Bill Brown Ford in southeastern Michigan.
- 07/16/2024
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5 Wall Street Blue Chip Giants Are Likely Raising Their Dividends This Week
- 24/7 Insights Second quarter earnings season will start in earnest this week Solid earnings from top companies are a requirement for the current rally to stay in place Snag this free report today Access 2 legendary, high-yield dividend stocks Wall Street loves After over 10 years of a low-interest rate environment, which has reversed significantly over the last two years, many investors continue to turn to equities for growth potential and solid and dependable dividends.
- 07/15/2024
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Haig Partners Serves as Exclusive Sell-Side Advisor on the Sale of River States Freightliner Dealerships to Penske Automotive's Premier Truck Group
- FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor on the sale of River States Truck and Trailer (“River States”) to Premier Truck Group (“PTG”), an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. company (NYSE:PAG). The acquisition is expected to add $200 million of estimated annualized revenue to Pr.
- 06/13/2024
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PREMIER TRUCK GROUP ACQUIRES RIVER STATES TRUCK AND TRAILER
- Expands North American Operations to New Market Areas in Wisconsin and Minnesota Expected to Add $200 Million in Estimated Annualized Revenue BLOOMFIELD HILLS, Mich. , June 10, 2024 /PRNewswire/ -- Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. company (NYSE:PAG), announced today the acquisition of River States Truck and Trailer, Inc. (RSTT) headquartered in La Crosse, WI.
- 06/10/2024
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PENSKE AUTOMOTIVE GROUP COMPLETES ACQUISITION OF PORSCHE DEALERSHIPS IN MELBOURNE, AUSTRALIA
- BLOOMFIELD HILLS, Mich. , June 4, 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 its acquisition of Porsche Centre Brighton and Porsche Centre Doncaster located in Melbourne, Australia, expanding its portfolio to 24 Porsche dealerships worldwide.
- 06/04/2024
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Paragon Banking Group (LON:PAG) Hits New 1-Year High at $750.00
- Paragon Banking Group PLC (LON:PAG – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 750 ($9.42) and last traded at GBX 750 ($9.42), with a volume of 200603 shares trading hands. The stock had previously closed at GBX 739.50 ($9.29). Analyst Ratings Changes Separately, Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research report on Friday, January 26th. Get Our Latest Stock Report on Paragon Banking Group Paragon Banking Group Stock Up 1.4 % The company’s 50-day simple moving average is GBX 692.18 and its two-hundred day simple moving average is GBX 642.34. The firm has a market capitalization of £1.59 billion, a P/E ratio of 1,120.45, a P/E/G ratio of 0.50 and a beta of 1.50. The company has a debt-to-equity ratio of 222.26, a current ratio of 1.30 and a quick ratio of 1.48. Paragon Banking Group Increases Dividend The company also recently declared a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 1st were issued a dividend of GBX 19.20 ($0.24) per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a yield of 4.13%. This is an increase from Paragon Banking Group’s previous dividend of $9.40. Paragon Banking Group’s payout ratio is currently 5,606.06%. Insider Activity In other Paragon Banking Group news, insider Peter Hill bought 248 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of GBX 677 ($8.50) per share, for a total transaction of £1,678.96 ($2,108.72). In related news, insider Peter Hill purchased 248 shares of Paragon Banking Group stock in a transaction on Monday, March 11th. The shares were bought at an average cost of GBX 677 ($8.50) per share, for a total transaction of £1,678.96 ($2,108.72). Also, insider Graeme Yorston acquired 475 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of GBX 665 ($8.35) per share, with a total value of £3,158.75 ($3,967.28). Insiders own 3.54% of the company’s stock. Paragon Banking Group Company Profile (Get Free Report) Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.
- 05/20/2024
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Cushman & Wakefield Announces Proposed Public Offering of Ordinary Shares by Selling Shareholders
- CHICAGO--(BUSINESS WIRE)--Cushman & Wakefield plc (NYSE: CWK) (“Cushman & Wakefield”) announced today the launch of a proposed underwritten public offering of 26,513,041 ordinary shares. Cushman & Wakefield is not offering any ordinary shares. All of the ordinary shares are being offered by existing shareholders and Cushman & Wakefield will not receive any of the proceeds from the offering. The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The last reported sales price of Cushman & Wakefield’s ordinary shares on May 17, 2024 was $11.72 per share. The selling shareholders include funds affiliated with TPG and PAG Asia Capital. J.P. Morgan is serving as sole underwriter for the offering. An automatic shelf registration statement relating to the ordinary shares to be sold in the offering was filed with the Securities and Exchange Commission (“SEC”) on May 20, 2024 and became effective upon filing. The offering may be made only by means of a prospectus supplement and the accompanying prospectus. You may obtain these documents for free by visiting the SEC’s website at www.sec.gov. Additionally, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Cushman & Wakefield plc Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and approximately 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core service lines of (i) Services, (ii) Leasing, (iii) Capital markets, and (iv) Valuation and other. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. Forward-Looking Statements All statements in this press release other than historical facts are forward-looking statements, which rely on a number of assumptions concerning future events, including whether or not the offering will be consummated. Such statements are also subject to a number of uncertainties and factors outside Cushman & Wakefield’s control. Such factors include, but are not limited to, uncertainty regarding and changes in global economic or market conditions and changes in government policies, laws, regulations and practices. Should any Cushman & Wakefield assumptions or these other uncertainties and factors materialize in ways that Cushman & Wakefield did not expect, actual results could differ materially from the forward-looking statements in this press release. While Cushman & Wakefield believes the assumptions underlying these forward-looking statements are reasonable under current circumstances, recipients should bear in mind that such assumptions are inherently uncertain. You are cautioned not to place undue reliance on such forward-looking statements or other information in this press release.
- 05/20/2024
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Penske (PAG) Stock Barely Moves Since Q1 Earnings Miss
- Penske (PAG) reports lower-than-expected first-quarter results and increases dividend by 10% to 96 cents per share.
- 05/10/2024
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PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND BY 10%
- BLOOMFIELD HILLS, Mich. , May 9, 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 $0.96 per share.
- 05/09/2024
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Penske (PAG) Reports Q1 Earnings: What Key Metrics Have to Say
- Although the revenue and EPS for Penske (PAG) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 04/30/2024
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Penske Automotive (PAG) Misses Q1 Earnings and Revenue Estimates
- Penske Automotive (PAG) came out with quarterly earnings of $3.19 per share, missing the Zacks Consensus Estimate of $3.35 per share. This compares to earnings of $4.31 per share a year ago.
- 04/30/2024
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PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS
- Retail Automotive Revenue Increased 3% Gross Margin of 16.7% Increased 40 Basis Points Sequentially Selling, General, & Administrative Expenses as a Percentage of Gross Profit Improved Sequentially By 30 Basis Points to 70.7% Profitability Impacted by Lower Equity Earnings from PTS and Higher Interest Expense BLOOMFIELD HILLS, Mich. , April 30, 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 first quarter of 2024.
- 04/30/2024
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Earnings Preview: Penske Automotive (PAG) Q1 Earnings Expected to Decline
- Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/23/2024
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Can These 4 Auto Retailers Beat Q1 Earnings Expectations?
- Our proven model doesn't conclusively predict an earnings beat for GPI, LAD, AN and PAG in Q1, as they don't have the right combination of a favorable Zacks Rank and a positive Earnings ESP.
- 04/23/2024
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Paralyzed Veterans of America receives $1.17 million donation from Penske Automotive Group and celebrates 10th year of partnership
- WASHINGTON, April 18, 2024 /PRNewswire/ -- Paralyzed Veterans of America proudly celebrates a decade-long partnership with long-time supporter Penske Automotive Group, who donated $1.17 million in 2023 to the nonprofit to support paralyzed veterans nationwide. The amount is composed of donations from generous customers and employees of Penske Automotive Group, along with a matching contribution from the company.
- 04/18/2024
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PENSKE AUTOMOTIVE GROUP SCHEDULES FIRST QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL
- BLOOMFIELD HILLS, Mich. , April 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 it will release financial results for the first quarter ended March 31, 2024, on the morning of Tuesday, April 30, 2024.
- 04/16/2024
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Penske (PAG) Signs Deal to Acquire 3 Dealerships in Australia
- Penske (PAG) signs an agreement to acquire three dealerships in Melbourne in order to expand its retail automotive operations in Australia.
- 04/09/2024
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PENSKE AUTOMOTIVE GROUP TO EXPAND RETAIL AUTOMOTIVE PRESENCE INTO AUSTRALIA
- BLOOMFIELD HILLS, Mich. , April 8, 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, intends to expand its retail automotive operations into Australia by acquiring two Porsche dealerships along with a Ducati motorcycle dealership in Melbourne, Australia.
- 04/08/2024
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5 Dividend Growth Stocks I'm Watching This Quarter
- Let's talk about five dividends that are set to soar when the Federal Reserve cuts interest rates.
- 04/07/2024
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Penske (PAG) Up 3.2% Since Last Earnings Report: Can It Continue?
- Penske (PAG) reported earnings 30 days ago. What's next for the stock?
- 03/08/2024
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3 Auto Retailers to Watch Despite Dim Industry Prospects
- Auto retailers like PAG, LAD and GPI are poised to navigate industry headwinds thanks to their strategic expansion initiatives and shareholder-friendly moves.
- 03/01/2024
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Penske (PAG) Misses on Q4 Earnings, Raises Dividend
- Penske (PAG) reports mixed fourth-quarter results. It increases dividend by 10% to 87 cents per share, to be paid out on Mar 1, 2024, to shareholders of record as of Feb 15, 2024.
- 02/13/2024
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Penske Automotive Group, Inc. (PAG) Q4 2023 Earnings Call Transcript
- Penske Automotive Group, Inc. (PAG) Q4 2023 Earnings Call Transcript
- 02/07/2024
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Penske (PAG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Penske (PAG) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 02/07/2024
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PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY AND FULL YEAR 2023 RESULTS
- Completes Third Most Profitable Year in Company History Fourth Quarter Revenue Increased 4% to $7.3 Billion Fourth Quarter Retail Automotive Same-Store Revenue Increased 4%, Including a 7% Increase in Service & Parts Fourth Quarter Profitability Impacted by Non-Cash Impairment Charge, Lower Equity Earnings From PTS, and Higher Interest Expense BLOOMFIELD HILLS, Mich. , Feb. 7, 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 fourth quarter and twelve months 2023 results.
- 02/07/2024
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Gear Up for Penske (PAG) Q4 Earnings: Wall Street Estimates for Key Metrics
- Get a deeper insight into the potential performance of Penske (PAG) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 02/05/2024
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Earnings Preview: Penske Automotive (PAG) Q4 Earnings Expected to Decline
- Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/31/2024
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Penske Automotive Group: 5 Reasons Why I Am Bullish
- Penske Automotive Group has an impressive history of delivering above market returns for shareholders. The company is poised to benefit from continued consolidation of the automobile retail industry. PAG enjoys a moderate moat around its business due to franchise agreements and state regulations.
- 01/09/2024
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Penske (PAG) to Buy Rybrook Group in the United Kingdom
- Penske (PAG) signs a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom.
- 12/13/2023
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Penske Automotive to buy Rybrook Group of 15 U.K. dealerships that generate about $1 billion of revenue a year
- Penske Automotive Group Inc. PAG, -0.07% said Monday it has agreed to acquire Rybrook Group Ltd., a U.K.-based company that consists of 15 premium dealerships, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership.
- 12/11/2023
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Value Picks: 3 Undervalued Stocks Ready to Rebound
- Before getting into a discussion about value stocks, it's important to point out what the label isn't. Whenever a security – or anything for that matter – goes on sale, you must ask yourself why.
- 12/10/2023
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Penske's (PAG) Q3 Earnings Snap Beat Streak, Decline Y/Y
- While Penske's (PAG) earnings per share fall 15.4% year over year, revenues rise 7.6% in the third quarter of 2023.
- 11/01/2023
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Penske Automotive Group, Inc. (PAG) Q3 2023 Earnings Call Transcript
- Penske Automotive Group, Inc. (NYSE:PAG ) Q3 2023 Earnings Conference Call October 25, 2023 2:00 PM ET Company Participants Anthony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and CEO Shelley Hulgrave - Executive Vice President and CFO Rich Shearing - North American Interoperations Randall Seymore - International Operations Tony Facione - Vice President and Corporate Controller Conference Call Participants John Murphy - Bank of America Michael Ward - Benchmark Daniel Imbro - Stephens Rajat Gupta - JPMorgan John Healy - North Coast Research David Whiston - Morningstar Operator Ladies and gentlemen, good afternoon. Welcome to the Penske Automotive Third Quarter 2023 Earnings Conference Call.
- 10/25/2023
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Penske Automotive's stock slides premarket after profit miss amid ‘challenging' used car market
- Penske Automotive Group Inc.'s stock PAG, -0.43% fell 2.5% in early trade Wednesday, after the used and new car dealer missed profit expectations for the third quarter. Bloomfield Hills, Michigan-based Penske posted net income of $263.4 million, or $3.92 a share, for the quarter, down from $340.1 million, or $4.61 a share, in the year-earlier period.
- 10/25/2023
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Penske Automotive raises dividend to boost yield above 2%
- Penske Automotive Group Inc. PAG, +0.38% said Wednesday that it has raised its dividend by 9.7%, citing a healthy balance sheet and continued strong cash flow. Owners of the transportation services company's stock as of Nov. 10 will receive the new quarterly dividend of 79 cents a share, up from 72 cents a share, on Dec. 1.
- 10/18/2023
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PENSKE AUTOMOTIVE GROUP SCHEDULES THIRD QUARTER 2023 FINANCIAL RESULTS CONFERENCE CALL
- BLOOMFIELD HILLS, Mich. , Oct. 11, 2023 /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 third quarter 2023 financial results on the morning of Wednesday, October 25, 2023.
- 10/11/2023
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3 Stocks to Buy on Your Road to Profit in the Auto Retail Industry
- Strong vehicle demand, M&A deals, digitization ramp-up and investor-friendly moves are buoying the prospects of auto retailers like PAG, GPI and RUSHA.
- 09/18/2023
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Penske (PAG) Is Attractively Priced Despite Fast-paced Momentum
- Penske (PAG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 09/15/2023
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New Strong Buy Stocks for September 1st
- TCPC, PAG, KOF, TDG and ZWS have been added to the Zacks Rank #1 (Strong Buy) List on September 1, 2023.
- 09/01/2023
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Best Value Stocks to Buy for September 1st
- TNK, PAG and TCPC made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 1, 2023.
- 09/01/2023
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Best Income Stocks to Buy for September 1st
- TCPC, PAG and KOF made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 1, 2023.
- 09/01/2023
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Why Analysts Love These 2 Car Sales Platforms, And Avoid Dealers
- Remember when every car dealer on the street had no inventory and lead times extended up to a year for specific brands? The chip shortage causing supply bottlenecks in motor vehicles is taking a back seat to catch its breath and hopefully never come back into the arena.
- 08/30/2023
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Penske (PAG) Shows Fast-paced Momentum But Is Still a Bargain Stock
- Penske (PAG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 08/21/2023
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What Makes Penske Automotive (PAG) an Attractive Pick?
- Penske Automotive (PAG) is riding high on strategic acquisitions, digital capabilities, balance sheet strength and investor-friendly moves.
- 08/14/2023
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Best Momentum Stock to Buy for August 11th
- STRL, MTW and PAG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 11, 2023.
- 08/11/2023
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Penske Automotive Group Inc.
- Penske Automotive Group Inc. ( PAG , Financial), a prominent player in the Vehicles & Parts industry, is currently trading at $175.86 per share. With a market capitalization of $11.8 billion, the company's stock price has seen a gain of 8.15% today and a 5.19% increase over the past four weeks.
- 08/02/2023
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Penske (PAG) Q2 Earnings Mark 13th Straight Quarter of Beat
- While Penske (PAG) pulls off a comprehensive earnings beat in Q2, earnings decline 11% year over year despite sales growth amid adverse forex.
- 07/27/2023
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Penske Automotive Group, Inc. (PAG) Q2 2023 Earnings Call Transcript
- Penske Automotive Group, Inc. (NYSE:PAG ) Q2 2023 Earnings Conference Call July 26, 2023 2:00 PM ET Company Participants Anthony Pordon - EVP of IR and Corporate Development Roger Penske - Chairman and CEO Shelley Hulgrave - EVP and CFO Richard Shearing - North American Operations Randall Seymore - International Operations Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Daniel Imbro - Stephens David Whiston - Morningstar Operator Ladies and gentlemen, good afternoon. Thank you for standing by, and welcome to the Penske Automotive Group Second Quarter 2023 Earnings Conference Call.
- 07/26/2023
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Compared to Estimates, Penske (PAG) Q2 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Penske (PAG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 07/26/2023
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Penske Automotive (PAG) Q2 Earnings and Revenues Beat Estimates
- Penske Automotive (PAG) came out with quarterly earnings of $4.41 per share, beating the Zacks Consensus Estimate of $4.08 per share. This compares to earnings of $4.93 per share a year ago.
- 07/26/2023
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Penske Automotive hikes quarterly dividend by 9% to 72 cents a share
- Penske Automotive Group Inc. PAG, +0.16% said Wednesday its board has approved a 9% increase in its quarterly dividend to 72 cents a share. The new dividend will be payable Sept.
- 07/19/2023
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PENSKE AUTOMOTIVE GROUP SCHEDULES SECOND QUARTER 2023 FINANCIAL RESULTS CONFERENCE CALL
- BLOOMFIELD HILLS, Mich. , July 17, 2023 /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 second quarter 2023 financial results on the morning of Wednesday, July 26, 2023.
- 07/17/2023
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Fast-paced Momentum Stock Penske (PAG) Is Still Trading at a Bargain
- Penske (PAG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 07/14/2023
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Will Penske (PAG) Beat Estimates Again in Its Next Earnings Report?
- Penske (PAG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/06/2023
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Penske (PAG) Up 3.2% Since Last Earnings Report: Can It Continue?
- Penske (PAG) reported earnings 30 days ago. What's next for the stock?
- 05/26/2023
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Penske raises dividend by 8%
- Transportation services company Penske Automotive Group Inc. PAG, -1.31% said late Thursday its board of directors has authorized an 8% increase in the company's quarterly dividend to 66 cents a share and an additional $250 million in a share buyback. The dividend is payable June 1 to shareholders of record as of May 22, the company said.
- 05/11/2023
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Penske (PAG) Q1 Earnings Mark 12th Straight Quarter of Beat
- While Penske (PAG) pulls off a comprehensive earnings beat in Q1, earnings decline 9% year over year despite sales growth amid high manufacturing and operating expenses.
- 05/01/2023
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Penske Is Steady, But The Road Ahead May Be Bumpy
- Penske Automotive Group has substantially outperformed the market over the past few years, but that run may not be sustainable. While Penske is a market leader fresh off of a record-breaking quarterly revenue report, stiff competition and economic headwinds may hinder that growth moving forward.
- 04/30/2023
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Penske Automotive Group, Inc. (PAG) Q1 2023 Earnings Call Transcript
- Penske Automotive Group, Inc. (PAG) Q1 2023 Earnings Call Transcript.
- 04/26/2023
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Penske (PAG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for Penske (PAG) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 04/26/2023
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Penske Automotive (PAG) Tops Q1 Earnings and Revenue Estimates
- Penske Automotive (PAG) came out with quarterly earnings of $4.31 per share, beating the Zacks Consensus Estimate of $4.03 per share. This compares to earnings of $4.76 per share a year ago.
- 04/26/2023
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What's in Store for Penske Automotive (PAG) in Q1 Earnings?
- The Zacks Consensus Estimate for Penske's (PAG) Q1 earnings per share and revenues is pegged at $3.92 and $6.74 billion, respectively.
- 04/20/2023
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Lighting Round: Jack in the Box, Penske Automotive, Marathon Digital
- "Mad Money" host Jim Cramer discusses a host of publicly-traded companies, including Jack in the Box, Penske Automotive, and Marathon Digital.
- 04/18/2023
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Is Penske Automotive Group (PAG) Stock Outpacing Its Retail-Wholesale Peers This Year?
- Here is how Penske Automotive (PAG) and Portillo's Inc. (PTLO) have performed compared to their sector so far this year.
- 04/18/2023
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Why Penske (PAG) is Poised to Beat Earnings Estimates Again
- Penske (PAG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/17/2023
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Why Fast-paced Mover Penske (PAG) Is a Great Choice for Value Investors
- Penske (PAG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/17/2023
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Auto inventories are rising, but will incentives follow suit?
- CNBC's Phil LeBeau looks at auto inventories on the rise. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Julie Biel.
- 03/20/2023
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Penske (PAG) Up 4.5% Since Last Earnings Report: Can It Continue?
- Penske (PAG) reported earnings 30 days ago. What's next for the stock?
- 03/10/2023
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Despite Fast-paced Momentum, Penske (PAG) Is Still a Bargain Stock
- Penske (PAG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 03/08/2023
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2 Auto Dealers Booking Record Profits
- The auto industry has been on a tear recently, with auto dealers, in particular, booking record profit margins on new car sales. This results from a supply shortage of new cars, often allowing dealers to sell cars well above their sticker prices.
- 02/22/2023
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Penske Automotive board adds $250 million to share buyback authorization
- Penske Automotive Group Inc. PAG, +0.46% said Friday its board has added $250 million to its share buyback authorization, which had $3.6 million remaining outstanding as of Feb. 7. The car and commercial truck retailer bought back 8.2 million shares in 2022, equal to about 10.6% of its outstanding shares.
- 02/17/2023
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Analyzing Penske Automotive Group's Dividend Growth Potential
- Penske Automotive Group (PAG) is the featured stock from January's Dividend Growth Stocks Model Portfolio.
- 02/09/2023
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Penske Automotive Group, Inc. (PAG) Q4 2022 Earnings Call Transcript
- Penske Automotive Group, Inc. (NYSE:PAG ) Q4 2022 Results Conference Call February 8, 2023 2:00 PM ET Company Participants Anthony Pordon - EVP, IR & Corporate Development Roger Penske - Chair, CEO Michelle Hulgrave - EVP, CFO Conference Call Participants Daniel Imbro - Stephens John Murphy - Bank of America David Whiston - Morningstar Rajat Gupta - JP Morgan Operator Good afternoon. Welcome to the Penske Automotive Group Fourth Quarter 2022 Earnings Conference Call.
- 02/08/2023
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Penske Automotive (PAG) Surpasses Q4 Earnings and Revenue Estimates
- Penske (PAG) delivered earnings and revenue surprises of 4.47% and 9.95%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/08/2023
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5 Stocks to Watch on Dividend Hikes to Reward Investors
- Investors may keep a tab on SPGI, MKTX, PAG, CZWI and FELE, which have lately hiked their dividend payments to reward investors.
- 01/26/2023
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Penske Automotive raises quarterly dividend by 7% to 61 cents a share
- Penske Automotive Group Inc. PAG said Wednesday its board has agreed to raise its quarterly dividend by 7%, or 4 cents a share, to 61 cents. The car and truck retailer said the new dividend will be payable March 1 to shareholders of record as of Feb. 10.
- 01/25/2023
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Penske Automotive Group: Still Offers Upside From Here
- Penske Automotive Group continues to generate attractive revenue growth, but profits and cash flows have weakened a bit. Despite this, management has done well to reward shareholders through share buybacks.
- 01/15/2023
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Auto Retail Industry Losing Steam: 2 Stocks That Hold Up Better
- The Auto Retail and Whole Sales industry is in a fix amid economic uncertainty, which is beginning to erode the demand for vehicles. Despite the industry challenges, PAG and GPI seem to hold promise.
- 01/12/2023
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2 Highly-Ranked Stocks to Buy for Value, Growth, & Momentum
- Here are two stocks that are more likely to see continued rallies over the next few weeks sporting a Zacks Rank #1 (Strong Buy) and an overall "A" VGM Style Scores grade for Value, Growth, and Momentum.
- 01/09/2023
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Here's Why Penske Automotive (PAG) is a Strong Value Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 01/09/2023
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KMX Stock Dives As Used Car Price Bubble Unwinds
- KMX stock dived Thursday after Q3 earnings deeply undercut analysts' target. Used car prices are falling.
- 12/22/2022
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Here's Why Penske Automotive (PAG) is a Strong Value Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 12/22/2022
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Used auto prices down 2.4% since last month
- CNBC's Phil LeBeau joins 'The Exchange' to discuss the decline in used car prices, gains automotive dealership stocks are experiencing and signs in the automotive industry that inflation is declining.
- 11/10/2022
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Penske (PAG) Beats on Q3 Earnings & Sales, Boosts Buyback
- Penske (PAG) delivers an earnings beat, and its top and bottom lines record year-over-year growth. However, its operating income decreases.
- 10/31/2022
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Penske Automotive Group, Inc. (PAG) Q3 2022 Earnings Call Transcript
- Penske Automotive Group, Inc. (NYSE:PAG ) Q3 2022 Results Conference Call October 26, 2022 2:00 PM ET Company Participants Anthony Pordon - Executive Vice President, Investor Relations & Corporate Development Roger Penske - Chair & Chief Executive Officer Shelley Hulgrave - Executive Vice President & Chief Financial Officer Tony Facione - Vice President & Corporate Controller Conference Call Participants John Murphy - Bank of America Michael Ward - Benchmark Daniel Imbro - Stephens, Inc Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Good afternoon. Welcome to the Penske Automotive Group Third Quarter 2022 Earnings Conference Call.
- 10/26/2022
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Penske Automotive (PAG) Surpasses Q3 Earnings and Revenue Estimates
- Penske (PAG) delivered earnings and revenue surprises of 5.25% and 0.95%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/26/2022
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Why Penske (PAG) Could Beat Earnings Estimates Again
- Penske (PAG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/18/2022
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More auto consumers opting to buy instead of lease
- CNBC's Phil Lebeau reports on the changing economics around leasing an automobile.
- 09/26/2022
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Auto Dealers on Sale
- There may be no giant banners or flapping pennants above these deals, but there is a big sale going on in the automotive industry.
- 09/21/2022
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It's a great time to be an auto dealer, according to Benchmark's Michael Ward
- The Benchmark Company's Michael Ward joins 'The Exchange' to discuss car dealer stocks accelerating in the last month and what's behind the move.
- 08/24/2022
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Is Penske Automotive Group (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- Here is how Penske Automotive (PAG) and Potbelly (PBPB) have performed compared to their sector so far this year.
- 08/23/2022
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The 7 Best Dividend Stocks to Buy for Your Grandkids
- If you're a grandparent — or if you aspire to be one, at some point — one of the best gifts you can give your youngest family members is a firm financial foundation. While part of that could be an inheritance, it's also important to teach the little tykes how grandma and grandpa managed to do so well in their golden years.
- 08/03/2022
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Penske (PAG) Shows Fast-paced Momentum But Is Still a Bargain Stock
- Penske (PAG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 08/02/2022
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Can Penske (PAG) Maintain Its Beat Streak in Q2 Earnings?
- The Zacks Consensus Estimate for Penske's (PAG) Q2 earnings per share and revenues is pegged at $4.38 and $7.06 billion, respectively.
- 07/26/2022
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Penske Automotive raises quarterly dividend to 53 cents a share versus 50 cents
- Penske Automotive Group Inc. PAG, -2.53% said Thursday it is raising it quarterly cash dividend to 53 cents a share from 50 cents previously. The new dividend will be payable Sept.
- 07/21/2022
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Earnings Preview: Penske Automotive (PAG) Q2 Earnings Expected to Decline
- Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/20/2022
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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Penske (PAG)
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Penske (PAG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 07/15/2022
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PENSKE AUTOMOTIVE GROUP SCHEDULES RELEASE OF SECOND QUARTER 2022 FINANCIAL RESULTS
- BLOOMFIELD HILLS, Mich. , July 13, 2022 /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, announced today it will release its second quarter 2022 financial results on the morning of Wednesday, July 27, 2022.
- 07/13/2022
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Penske Automotive Group Still Makes Sense
- Penske Automotive Group continues to significantly outperform the broader market. This comes as financial performance at the business remains robust, even though fears about the economy persist.
- 07/13/2022
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3 Stocks to Bet On in an Upbeat Auto Retail Industry
- The Zacks Auto Retail industry participants, including LAD, PAG and GPI, look poised to benefit from rising vehicle prices amid supply demand mismatch.
- 07/04/2022
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Auto Market Quite Resilient Right Now: Here's Why
- Cars still seem to be in demand. At least that is the feeling you get from commentary coming out of the major auto retailers.
- 06/30/2022
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Best Momentum Stocks to Buy for June 21st
- IMO, PAG and UTHR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 21, 2022.
- 06/21/2022
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Is Penske Automotive Group (PAG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/20/2022
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Stocks Surge After Fed Rate Hike; Penske Automotive, SM Energy, Daqo New Energy Rise
- As expected, the Fed hiked its key lending rate by 75 basis points. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.
- 06/15/2022
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On a Terrible Day for Wall Street, These 2 Stocks Hit All-Time Highs
- Find out which companies bucked the downtrend.
- 06/09/2022
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Penske Keeps Trucking
- 100% technical buy signals. 9 new highs and up 12.27% in the last month.
- 06/09/2022
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Why Fast-paced Mover Penske (PAG) Is a Great Choice for Value Investors
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Penske (PAG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 06/09/2022
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Is Penske (PAG) the Best Auto Retail Stock of 2022 So Far?
- Penske (PAG) is enjoying a great run on the bourses, with shares outperforming all its peers on a year-to-date basis. Is it time to cash out the profits or does this rally have legs?
- 06/07/2022
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Penske Automotive Group, Inc. (PAG) Hit a 52 Week High, Can the Run Continue?
- Penske (PAG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 06/07/2022
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Has Penske Automotive Group (PAG) Outpaced Other Retail-Wholesale Stocks This Year?
- Here is how Penske Automotive (PAG) and Dave & Buster's (PLAY) have performed compared to their sector so far this year.
- 05/31/2022
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Is Penske Automotive Group (PAG) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/31/2022
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Penske (PAG) Up 7.7% Since Last Earnings Report: Can It Continue?
- Penske (PAG) reported earnings 30 days ago. What's next for the stock?
- 05/27/2022
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Penske Automotive (PAG) is a Great Momentum Stock: Should You Buy?
- Does Penske Automotive (PAG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/17/2022
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Fast-paced Momentum Stock Penske (PAG) Is Still Trading at a Bargain
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Penske (PAG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/17/2022
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Penske (PAG) Hikes Dividend and Boosts Repurchase Program
- Penske (PAG) decides to increase its quarterly dividend by 6.4% on the back of a robust operating cash flow.
- 05/16/2022
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Penske Automotive Group, Inc. (PAG) Soars to 52-Week High, Time to Cash Out?
- Penske (PAG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 05/16/2022
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5 Must-Buy Mid Cap Winners of Past Month With More Upside
- We have narrowed our search to five mid-cap stocks that have popped double-digit in the past month, with more upside. These are: LPX, GFF, PAG, CC and AVT.
- 05/12/2022
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Why Penske (PAG) Might be Well Poised for a Surge
- Penske (PAG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 05/09/2022
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Penske Automotive (PAG) is a Top-Ranked Value Stock: Should You Buy?
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 05/09/2022
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Best Value Stocks to Buy for May 9th
- PAG, WSM, and CMLS made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 9, 2022.
- 05/09/2022
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Penske (PAG) Q1 Earnings and Revenues Top Estimates
- Penske (PAG) reports all-time high Q1 earnings and beats estimates on better-than-anticipated gross profit across Retail Automotive and Retail Commercial Truck segments.
- 05/02/2022
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Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q1 2022 Results - Earnings Call Transcript
- Penske Automotive Group, Inc. (NYSE:PAG ) Q1 2022 Results Conference Call April 27, 2022 2:00 PM ET Company Participants Anthony Pordon - EVP, Investor Relations and Corporate Development Roger Penske - Chair & CEO Shelley Hulgrave - CFO Tony Facione - Vice President and Corporate Controller Conference Call Participants John Murphy - Bank of America Stephanie Moore - Truist Securities Mike Ward - Benchmark Company Daniel Imbro - Stephens Inc Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Good afternoon. Welcome to the Penske Automotive Group First Quarter 2022 Earnings Conference Call.
- 04/27/2022
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Penske Automotive unit orders 750 Ford electric cargo vans
- Penske Truck Leasing has ordered 750 of Ford Motor Co's electric E-Transit cargo vans, the unit of Penske Automotive Group Inc said on Monday.
- 04/18/2022
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Penske Automotive (PAG): Strong Industry, Solid Earnings Estimate Revisions
- Penske Automotive (PAG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/24/2022
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Penske Automotive Group: Opportunity Still Exists Here
- Penske Automotive Group has recently outperformed the broader market as the company's fundamental condition drives it forward.
- 03/18/2022
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5 Stocks to Tap the Continued Strength in Auto Retail Industry
- Strong vehicle margins, cost discipline and digitization efforts are buoying the Zacks Auto Retail and Whole Sales industry prospects. Bet on LAD, PAG, AN, GPI and SAH to play the industry uptrend.
- 03/02/2022
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Penske (PAG) TEAM Truck Buyout to Add $150M to Annual Revenues
- Penske (PAG) takes over TEAM Truck as it aims for scalability. The deal is expected to enhance production scale within the company's wholly-owned Premier Truck Group subsidiary.
- 03/01/2022
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Add These 4 Low P/CF Stocks to Portfolio for Optimum Returns
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. KB Home (KBH), Avnet (AVT), Signet (SIG) and Penske Automotive (PAG) boast low P/CF ratio.
- 02/22/2022
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How Much Upside is Left in Penske (PAG)? Wall Street Analysts Think 27%
- The consensus price target hints at a 27.3% upside potential for Penske (PAG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 02/18/2022
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Penske's (PAG) Earnings Beat Estimates in Q4, Sales Rise Y/Y
- Penske (PAG) delivers Q4 earnings beat on higher-than-expected gross profits in the Commercial Truck and Commercial Vehicles Australia/Power Systems segments.
- 02/11/2022
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Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q4 2021 Results - Earnings Call Transcript
- Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q4 2021 Results - Earnings Call Transcript
- 02/09/2022
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Is a Surprise Coming for Penske (PAG) This Earnings Season?
- Penske (PAG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/08/2022
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What's in the Cards for Penske (PAG) This Earnings Season?
- The Zacks Consensus Estimate for Penske's (PAG) Q4 earnings and revenues is pegged at $3.67 per share and $6.31 billion, respectively.
- 02/07/2022
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Penske Automotive raises quarterly dividend to 47 cents a share versus 46 cents
- Penske Automotive Group Inc. PAG, -0.23% said Wednesday it's raising its quarterly dividend to 47 cents a share from 46 cents. The new dividend will be payable March 1 to shareholders of record as of Feb. 10.
- 01/26/2022
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PENSKE AUTOMOTIVE GROUP TO HOST FOURTH QUARTER 2021 FINANCIAL RESULTS CONFERENCE CALL
- BLOOMFIELD HILLS, Mich., Jan. 24, 2022 /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 announced today the hosting of its fourth quarter and full-year 2021 financial results conference call as follows: WHEN: Wednesday, February 9, 2022 TIME: 2:00 p.m.
- 01/24/2022
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Should Value Investors Pick Penske Automotive At Present?
- Is Penske Automotive (PAG) a great pick from the value investor's perspective right now? Read on to know more.
- 01/18/2022
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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Penske (PAG)
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Penske (PAG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 01/13/2022
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Best Growth Stocks to Buy for January 12th
- SIG, M, and PAG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 12, 2022
- 01/12/2022
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Why the Earnings Surprise Streak Could Continue for Penske (PAG)
- Penske (PAG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/10/2022
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Here's Why Penske (PAG) Deserves a Place in Your Portfolio
- Penske Automotive (PAG) has surged 42% over the last six months and looks well positioned to maintain its upward trajectory. Read on to know what's driving the stock.
- 01/07/2022
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Penske Automotive Group: Fabulously-Run Dealerships At A Bargain Price
- Penske Automotive Group: Fabulously-Run Dealerships At A Bargain Price
- 01/05/2022
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7 Stocks to Buy as Used Car Prices Hit a Perfect Storm in 2022
- While the notion of rising auto-related stocks to buy seems ludicrous at first, this could be one of the surprising sectors of 2022. The post 7 Stocks to Buy as Used Car Prices Hit a Perfect Storm in 2022 appeared first on InvestorPlace.
- 01/03/2022
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Penske Automotive (PAG) Gains As Market Dips: What You Should Know
- Penske Automotive (PAG) closed at $106.01 in the latest trading session, marking a +0.39% move from the prior day.
- 12/30/2021
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New Strong Buy Stocks for December 27th
- ASO, GGB, PAG, TOL, and CWK have been added to the Zacks Rank #1 (Strong Buy) List on December 27th.
- 12/27/2021
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Fast-paced Momentum Stock Penske (PAG) Is Still Trading at a Bargain
- Penske (PAG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 12/27/2021
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Penske Automotive (PAG) Outpaces Stock Market Gains: What You Should Know
- Penske Automotive (PAG) closed at $102.85 in the latest trading session, marking a +0.89% move from the prior day.
- 12/24/2021
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5 Momentum Stocks Bargain Hunters Would Love Chasing
- Given the prevailing sentiment in the market, Academy Sports (ASO), Avis Budget (CAR), Laboratory Corporation (LH), Penske Automotive (PAG) and West Fraser (WFG) are expected to give handsome returns to momentum investors.
- 12/24/2021
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Why Penske Automotive (PAG) Stock Might be a Great Pick
- Penske Automotive (PAG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 12/23/2021
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Bull of the Day: Penske Automotive (PAG)
- The car business is red hot with no signs of slowing down.
- 12/17/2021
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Why Penske Automotive (PAG) Could Be a Top Value Stock Pick
- Penske Automotive (PAG) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- 12/16/2021
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Penske Acquires BMW Dealership In Bloomfield Hills For Undisclosed Sum
- Penske Automotive Group Inc (NYSE: PAG) has acquired Erhard BMW of Bloomfield, located in Bloomfield Hills, Michigan, for an undisclosed sum. The deal represents the company's 48th Bayerische Motoren Werke AG (OTC: BMWYY) BMW dealership worldwide.
- 12/14/2021
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Best Value Stocks to Buy for December 9th
- MRBK, PAG, OCN, and SBFG made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 9, 2021.
- 12/09/2021
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New Strong Buy Stocks for December 9th
- GOLF, OSS, PAG, SM, and ACI have been added to the Zacks Rank #1 (Strong Buy) List on December 9th.
- 12/09/2021
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Is Penske Automotive (PAG) a Great Growth Stock?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Penske Automotive (PAG).
- 12/07/2021
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Best Value Stocks to Buy for December 6th
- GHLD, TGH, MBIN, and PAG made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 6, 2021.
- 12/06/2021
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5 Finest Value Stocks Based on PEG Ratio
- Here are five value stocks, CAR, MODV, LNVGY, PAG and ATCO, which qualify the screening criteria.
- 12/03/2021
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Best Value Stocks to Buy for November 30th
- GHLD, LAZY, and MRBK made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 30, 2021.
- 11/30/2021
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What Makes Penske (PAG) a New Strong Buy Stock
- Penske (PAG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 11/30/2021
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Best Value Stocks to Buy for November 26th
- AAWW, PAG, and ORI made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 26, 2021.
- 11/26/2021
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New Strong Buy Stocks for November 26th
- BJ, CAL, GES, PAG, and OSS have been added to the Zacks Rank #1 (Strong Buy) List on November 26th.
- 11/26/2021
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Best Value Stocks to Buy for November 22nd
- PAG, CC, RM, and SPH made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 22, 2021.
- 11/22/2021
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Is Penske Automotive Group (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- Penske Automotive Group (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- 11/18/2021
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Auto retailer stocks suffer sharp selloff, after Morgan Stanley says sell Penske, Sonic
- Shares of auto retailers suffered a broad and steep selloff Wednesday, after Morgan Stanley turned bearish on Penske Automotive Group Inc. and Sonic Auto Inc., while citing concerns over secular threats to the franchise dealer model the group leans on.
- 11/17/2021
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Is Penske Automotive (PAG) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/17/2021
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Industrial Production Rises in October: 4 Picks
- Manufacturing production continues to increase, which is good news for a number of sectors.
- 11/17/2021
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Penske's (PAG) McCoy Buyout to Add $200M to Annual Revenues
- Penske's (PAG) acquisition of McCoy Freightliner is set to add $200 million in its annualized revenues.
- 11/17/2021
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Two Strong Data Allay Inflation-Led Slowdown Fears: 5 Picks
- We have narrowed our search to five momentum stocks within the retail and industrial production sectors. These are: DDS, BOOT, BLDR, FLOW and PAG.
- 11/17/2021
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5 Stocks Investors Must Buy for Relative Price Strength
- Endo International (ENDP), SM Energy (SM), CBRE Group (CBRE), ON Semiconductor (ON) and Penske Automotive Group (PAG) are five stocks with explosive relative price strength.
- 11/09/2021
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Has Penske Automotive Group (PAG) Outpaced Other Retail-Wholesale Stocks This Year?
- Is (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- 11/01/2021
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New Strong Buy Stocks for November 1st
- FTDR, PAG, CE, BG, and RS have been added to the Zacks Rank #1 (Strong Buy) List on November 1st.
- 11/01/2021
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Best Value Stocks to Buy for November 1st
- PAG, RS, CE, and JBL made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 1, 2021.
- 11/01/2021
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Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q3 2021 Results - Earnings Call Transcript
- Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q3 2021 Results - Earnings Call Transcript
- 10/27/2021
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Here's Why Penske Automotive (PAG) is a Strong Momentum Stock
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 10/27/2021
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Penske (PAG) Warming Up to Q3 Earnings: What to Expect?
- Penske's (PAG) Q3 results likely to reflect gains from the stellar contributions from its Retail Automotive and Retail Commercial Truck segments.
- 10/26/2021
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Penske Automotive Hikes Dividend By 2.2%
- Penske Automotive Group Inc (NYSE: PAG) Board of Directors has increased the company's dividend by 2.2% to $0.46 per share. The dividend is payable December 1, 2021, to shareholders of record on November 10, 2021.
- 10/21/2021
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Penske Automotive Group To Host Third Quarter 2021 Results Conference Call
- BLOOMFIELD HILLS, Mich., Oct. 12, 2021 /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 announced today the hosting of its third quarter 2021 financial results conference call as follows: WHEN: Wednesday, October 27, 2021 TIME: 2:00 p.m.
- 10/12/2021
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Are Investors Undervaluing Penske Automotive (PAG) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/08/2021
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7 Long-Term Bets That Are Strong Buys Today
- There is lot of uncertainty in the short term, which could be reason to invest for the long term.
- 10/08/2021
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Top Ranked Growth Stocks to Buy for October 8th
- NVEE, OLN, PAG, and CWK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 8, 2021.
- 10/08/2021
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5 Cheap Dividend Growth Stocks Worth Your Attention
- These dividend growth stocks like Penske Automotive (PAG), HCA Healthcare (HCA), Applied Materials (AMAT), Boyd Gaming (BYD) and General Dynamics (GD) are worth your attention given the stock market volatility.
- 10/08/2021
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Penske Automotive Group Stock: A Favorable Risk To Reward Prospect
- Penske Automotive Group Stock: A Favorable Risk To Reward Prospect
- 10/06/2021
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Should Value Investors Buy Penske Automotive (PAG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/22/2021
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Top Ranked Momentum Stocks to Buy for September 21st
- CELH, AA, NOG, and PAG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 21, 2021.
- 09/21/2021
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Why Penske (PAG) is Such a Great Value Stock Pick Right Now
- Penske (PAG) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- 09/21/2021
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Why Penske Automotive (PAG) Stock Might be a Great Pick
- Penske Automotive (PAG) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.
- 09/21/2021
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What Makes Penske Automotive (PAG) a Strong Momentum Stock: Buy Now?
- Does Penske Automotive (PAG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 09/20/2021
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Penske (PAG)
- Penske (PAG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 09/20/2021
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Penske (PAG) Soars to 52-Week High, Time to Cash Out?
- Penske (PAG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 09/17/2021
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Is Penske Automotive Group (PAG) Stock Outpacing Its Retail-Wholesale Peers This Year?
- Is (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- 09/14/2021
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4 Stocks With High Earnings Returns
- Picking stocks whose earnings returns are more than double the monthly spot rate of 20-year high-quality market corporate bonds provides more opportunities to discover high-return investments. The investment-grade bonds represent corporate loans issued by triple-A, double-A and single-A rated companies.
- 09/12/2021
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Value Stocks & ETFs to Buy Now
- Here is what you need to know about value investing.
- 09/09/2021
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Penske Automotive (PAG) is a Top-Ranked Growth Stock: Should You Buy?
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 09/06/2021
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Has Penske Automotive Group (PAG) Outpaced Other Retail-Wholesale Stocks This Year?
- Is (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- 08/26/2021
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Should You Buy These Auto Stocks on Dividend Hike Declarations?
- Of late, CMI, PAG, LEA, GPI and WGO have impressed investors with dividend hike announcements. Should you consider adding them to your portfolio now?
- 08/26/2021
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Why Fast-paced Mover Penske (PAG) Is a Great Choice for Value Investors
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Penske (PAG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 08/24/2021
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Buy These Top Dividend Growth Stocks Amid Volatility
- Investors should buy dividend growth stocks like Jones Lang (JLL), Deere (DE), Robert Half (RHI), Penske Automotive (PAG) and Watts Water Technologies (WTS) amid volatility.
- 08/23/2021
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Has Penske Automotive Group (PAG) Outpaced Other Retail-Wholesale Stocks This Year?
- Is (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- 08/10/2021
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5 Dividend Growth Stocks to Buy Now for Assured Returns
- Investors could buy Penske Automotive (PAG), Nexstar Media (NXST), Avery Dennison (AVY), Texas Instruments (TXN) and Carriage Services (CSV) for safe and consistent income.
- 08/06/2021
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Top Ranked Momentum Stocks to Buy for August 2nd
- TFII, PAG, WIRE, and PZZA made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 2, 2021
- 08/02/2021
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Penske (PAG) Rallies 9.5% Since Q2 Earnings & Revenue Beat
- Penske Automotive (PAG) delivers a comprehensive beat in second-quarter 2021. Earnings and sales also witness a year-over-year jump of 698% and 91.4%, respectively.
- 08/02/2021
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Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q2 2021 Results - Earnings Call Transcript
- Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q2 2021 Results - Earnings Call Transcript
- 07/28/2021
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Penske Automotive Q2 Results Beat Estimates
- Penske Automotive Group Inc (NYSE: PAG) reported second-quarter FY21 sales growth of 91.4% year-on-year, to $6.99 billion, beating the analyst consensus of $6.01 billion. Same-store sales for new and used retail automotive units increased 81.7%.
- 07/28/2021
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Recap: Penske Automotive Group Q2 Earnings
- Shares of Penske Automotive Group (NYSE:PAG) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 698.21% year over year to $4.47, which beat the estimate of $2.12.
- 07/28/2021
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Top Stock Picks for Week of July 26, 2021
- A Tech Stock Hitting a Fresh High and Automotive Company with a Diversified Business Model.
- 07/26/2021
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Is a Beat in Store for Penske (PAG) This Earnings Season?
- Penske's (PAG) Q2 results likely to reflect gains from rising contribution across all segments during the quarter.
- 07/26/2021
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Top Ranked Momentum Stocks to Buy for July 23rd
- VLRS, PAG, GPI, and ALLY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 23, 2021.
- 07/23/2021
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Has Penske Automotive Group (PAG) Outpaced Other Retail-Wholesale Stocks This Year?
- Is (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- 07/22/2021
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Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles
- BLOOMFIELD HILLS, Mich. and ATLANTA, July 22, 2021 /PRNewswire/ -- Penske Automotive Group, Inc., (NYSE:PAG) and Cox Automotive, Inc. ("CAI"), announced today they have jointly developed a transformational, fully automated technology platform to enable the online retail sale of used vehicles.
- 07/22/2021
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Penske Automotive Group Increases Dividend
- BLOOMFIELD HILLS, Mich., July 21, 2021 /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 increased the Company's dividend by 2.3% to $0.45 per share.
- 07/21/2021
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Surging Earnings Estimates Signal Upside for Penske (PAG) Stock
- Penske (PAG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 07/21/2021
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Inflation's Not the Enemy: Focus on Long-Term Objectives, Instead
- Don???t fear the stock market, inflation fears are likely to be short-lived.
- 07/20/2021
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Top Ranked Momentum Stocks to Buy for July 20th
- PAG, LB, AN, and DLA made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 20, 2021
- 07/20/2021
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Why Penske Automotive (PAG) is a Top Momentum Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 07/20/2021
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Penske (PAG) Reports Stellar Preliminary Figures for Q2
- Penske (PAG) projects earnings before taxes to be more than $450 million and related earnings per share to be more than $4 for second-quarter 2021.
- 07/16/2021
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Penske Automotive Expects Solid Growth In Q2 Earnings
- Transportation services company Penske Automotive Group Inc (NYSE: PAG) expects second-quarter FY21 earnings before taxes of more than $450 million. The company sees income from continuing operations of more than $325 million and related earnings per share of more than $4.00, representing more than 600% growth from last year.
- 07/15/2021
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Penske Automotive Announces Record Preliminary Second Quarter 2021 Results
- BLOOMFIELD HILLS, Mich., July 15, 2021 /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 preliminary estimates of its financial results for the three months ended June 30, 2021.
- 07/15/2021
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Top Ranked Value Stocks to Buy for July 6th
- Top Ranked Value Stocks to Buy for July 6th
- 07/06/2021
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Top Ranked Income Stocks to Buy for July 6th
- Top Ranked Income Stocks to Buy for July 6th
- 07/06/2021
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Auto Retail Stocks Shine as America Prepares for July 4
- There are some solid picks in this group at attractive valuations.
- 07/02/2021
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Should Value Investors Buy Penske Automotive (PAG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/02/2021
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New Strong Buy Stocks for July 1st
- New Strong Buy Stocks for July 1st
- 07/01/2021
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Top Ranked Value Stocks to Buy for July 1st
- Top Ranked Value Stocks to Buy for July 1st
- 07/01/2021
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Penske Automotive Stock Pullback Is A Buying Opportunity
- Penske Automotive Group stock has underperformed versus peers since peaking in early May. Penske's diverse businesses (UK auto sales, used car superstores, commercial trucks) should be viewed as advantages over competitors.
- 06/26/2021
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4 Top Stocks to Tap the Thriving Auto Retail Industry
- 4 Top Stocks to Tap the Thriving Auto Retail Industry
- 06/17/2021
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Is Penske Automotive (PAG) Stock a Solid Choice Right Now?
- Penske Automotive (PAG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 06/15/2021
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Penske Automotive Enters Greater Charlotte, NC Market
- BLOOMFIELD HILLS, Mich., June 4, 2021 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, announced today that it has entered the Charlotte, North Carolina market area with the acquisition of Mercedes-Benz of South Charlotte.
- 06/04/2021
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Are Investors Undervaluing Penske Automotive (PAG) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/31/2021
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Penske (PAG) Upgraded to Strong Buy: Here's Why
- Penske (PAG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 05/27/2021
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New Strong Buy Stocks for May 27th
- New Strong Buy Stocks for May 27th
- 05/27/2021
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Penske Automotive Group Announces Pricing of $500 Million Senior Subordinated Notes
- BLOOMFIELD HILLS, Mich., May 25, 2021 /PRNewswire/ -- Penske Automotive Group, Inc., (NYSE: PAG) a diversified international transportation services company, today announced the pricing of $500 million aggregate principal amount of 3.75% Senior Subordinated Notes due 2029 (the "2029 Notes").
- 05/25/2021
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Penske Automotive Group Announces $500 Million Senior Subordinated Notes Offering
- BLOOMFIELD HILLS, Mich., May 25, 2021 /PRNewswire/ -- Penske Automotive Group, Inc., (NYSE:PAG) a diversified international transportation services company, today announced that it intends to offer $500 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2029 (the "2029 Notes"), subject to market and other customary closing conditions, pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC").
- 05/25/2021
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New Strong Buy Stocks for May 20th
- New Strong Buy Stocks for May 20th
- 05/20/2021
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Should You Invest In Auto Dealers Right Now?
- As things stand now, there are pros and cons to investing in this group.
- 05/19/2021
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Penske Automotive Announces Officer Appointments
- BLOOMFIELD HILLS, Mich., May 12, 2021 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced that Michelle (Shelley) Hulgrave, the company's Senior Vice President and Corporate Controller, has been named Executive Vice President and Chief Financial Officer, effective June 1, 2021.
- 05/12/2021
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Penske Automotive Group Increases Dividend
- BLOOMFIELD HILLS, Mich., May 12, 2021 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company, today announced that its Board of Directors has increased the Company's dividend by 2.3% to $0.44 per share.
- 05/12/2021
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Penske (PAG)
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Penske (PAG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/11/2021
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Here's How Much a $1000 Investment in Penske Automotive Made 10 Years Ago Would Be Worth Today
- Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
- 05/11/2021
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This Top Retail and Wholesale Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
- Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Zacks Rank.
- 05/06/2021
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6 Top-Ranked Dividend Growth Stocks to Beat the May Swoon
- Apple (AAPL), Caterpillar (CAT), Penske Automotive (PAG), Boyd Gaming (BYD), Santander Consumer (SC) and Boise Cascade (BCC) could be attractive picks to beat the May slump.
- 05/04/2021
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Top Ranked Momentum Stocks to Buy for May 3rd
- Top Ranked Momentum Stocks to Buy for May 3rd
- 05/03/2021
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New Strong Buy Stocks for May 3rd
- New Strong Buy Stocks for May 3rd
- 05/03/2021
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Should Value Investors Buy Penske Automotive (PAG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/28/2021
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Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q1 2021 Results - Earnings Call Transcript
- Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q1 2021 Results - Earnings Call Transcript
- 04/28/2021
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Recap: Penske Automotive Group Q1 Earnings
- Shares of Penske Automotive Group (NYSE:PAG) moved higher by 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 253.12% year over year to $2.26, which beat the estimate of $1.81.
- 04/28/2021
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Penske Automotive Reports All Time Record First Quarter Results
- BLOOMFIELD HILLS, Mich., April 28, 2021 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company, today reported the highest first quarter revenue, income from continuing operations, and earnings per share in company history.
- 04/28/2021
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Penske Automotive Group To Host First Quarter 2021 Results Conference Call
- BLOOMFIELD HILLS, Mich., April 12, 2021 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its first quarter 2021 financial results conference call as follows: WHEN: Wednesday, April 28, 2021 TIME: 2:00 p.m.
- 04/12/2021
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5 Top Ranked Value Stocks to Buy Now
- Who cares if the stock indexes are hitting new highs? Value investors can still find great companies on sale.
- 04/08/2021
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New Strong Buy Stocks for April 7th
- New Strong Buy Stocks for April 7th
- 04/07/2021
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Roger Penske Isn't Slowing Down And Has A Message For Nascar
- Roger Penske is much more than just a Nascar team owner. The accomplished businessman also fields a team in IndyCar, a series he also owns.
- 03/24/2021
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One Year Later: Lessons from the Coronavirus Stock Sell-Off
- What did you do with your investment portfolio when the coronavirus crisis hit in spring of 2020?
- 03/11/2021
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Penske Automotive Group: Getting Back On Track
- Penske Automotive made some impressive cuts to cost and debt during the pandemic.
- 03/04/2021
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Penske (PAG) Q4 Earnings Beat on Robust New Vehicle Sales
- Penske Automotive Group (PAG) tops Q4 earnings and sales estimates. While the auto retailer's profit skyrockets 99.2%, revenues slip 1.2% from the year-ago quarter.
- 02/12/2021
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Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q4 2020 Results - Earnings Call Transcript
- Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q4 2020 Results - Earnings Call Transcript
- 02/10/2021
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Penske Automotive Group: Q4 Earnings Insights
- Shares of Penske Automotive Group (NYSE:PAG) were flat in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 99.20% over the past year to $2.49, which beat the estimate of $2.13.
- 02/10/2021
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Why Penske (PAG) Might Surprise This Earnings Season
- Penske (PAG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/09/2021
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Top Stocks To Buy Today As Johnson & Johnson Vaccine Underwhelms Markets
- It's been a volatile trading week, with “Reddit investors” upending institutional investors and hedge funds by influencing a stock market rally for underperforming stocks.
- 01/29/2021
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Penske Automotive Looks Fairly Valued
- At the current price near $60 per share, we believe Penske Automotive Group Inc's stock has reached its near term potential. PAG stock has risen 20% since the end of 2019 compared to the S&P 500 which has increased by 16% in the same period.
- 01/29/2021
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Up 40%, I Still Like Penske Automotive
- PAG has soared since my summer bull call. But with demand and margins rising, PAG's fundamentals are still quite favorable.
- 12/18/2020
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These Stocks Could Be Your Secret Santa This Christmas
- Looking for a surprise this Christmas? Bet on these stocks - BJs Wholesale (BJ), Gogo (GOGO), TRI Pointe (TPH), Penske Automotive (PAG), and Santander Consumer (SC) - for big returns.
- 12/17/2020
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Why Penske Automotive (PAG) Could Be a Top Value Stock Pick
- Penske Automotive (PAG) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- 11/27/2020
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Why Americans Keep Buying Cars & How to Invest for It
- A number of factors are driving the comeback in the auto market but a full recovery is still some way off. So there are still a number of undervalued stocks to choose from.
- 11/24/2020
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Why Is Penske (PAG) Up 2.8% Since Last Earnings Report?
- Penske (PAG) reported earnings 30 days ago. What's next for the stock?
- 11/21/2020
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Has Penske Automotive Group (PAG) Outpaced Other Retail-Wholesale Stocks This Year?
- Is (PAG) Outperforming Other Retail-Wholesale Stocks This Year?
- 10/26/2020
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Automotive Logistics market Growth Factors, Restraints, Trends, Competitive Landscape 2020 to 2027
- Oct 09, 2020 (Profound via COMTEX) --
The latest study collated and published by Precedence Research analyzes the historical and present-day scenario of the...
- 10/09/2020
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Automotive Logistics Market Breakdown Data by Manufacturers, Segments and Regions 2027
- Oct 07, 2020 (Profound via COMTEX) --
The Automotive Logistics market research report includes specific segments by region (country), by company, by all...
- 10/07/2020
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El equipo Penske y Stratasys amplían su colaboración técnica
- Penske y Stratasys llevan el rendimiento de la impresión 3D a las carreras NASCAR e INDYCAR
- 10/06/2020
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Automotive Logistics Market Growth, Competitive Landscape, Segment Forecasts and Regional Outlook 2020 - 2027
- Oct 05, 2020 (Profound via COMTEX) --
The study offers valuable information about the global Automotive Logistics market to illustrate how the market would...
- 10/05/2020
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Charles Schwab Investment Management Inc. Has $10.97 Million Stock Holdings in Penske Automotive Group, Inc. (NYSE:PAG)
- Charles Schwab Investment Management Inc. lifted its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 283,473 shares of the company’s stock after buying an additional 4,419 shares during the quarter. Charles Schwab Investment […]
- 10/04/2020
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Professional investors have their eye on these eight stocks as the used-car market in the U.S. moves online
- Carvana, for now, leads the way in a used-car market that’s fragmented.
- 10/02/2020
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8,116 Shares in Penske Automotive Group, Inc. (NYSE:PAG) Bought by Handelsbanken Fonder AB
- Handelsbanken Fonder AB bought a new position in Penske Automotive Group, Inc. (NYSE:PAG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,116 shares of the company’s stock, valued at approximately $314,000. A number of other hedge funds have also recently modified their holdings of […]
- 09/30/2020
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Vanguard Group Inc. Has $110.50 Million Stock Holdings in Penske Automotive Group, Inc. (NYSE:PAG)
- Vanguard Group Inc. trimmed its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 9.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,854,646 shares of the company’s stock after selling 282,882 shares during the period. Vanguard Group Inc. […]
- 09/27/2020
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Penske Automotive : Rolls-Royce to supply 15 Bergen gas engines to Contract Power Group for Australian magnetite mine | MarketScreener
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COVID-19 Recovery Analysis: Used Car Market|Increasing Launch Of New Model Cars to Boost the Market Growth | Technavio
- The Global Used Car Market will grow by 34.53 mn units during 2020-2024
- 09/25/2020
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Head to Head Survey: Penske Automotive Group (NYSE:PAG) & Consolidated Water (NYSE:INSU)
- Penske Automotive Group (NYSE:PAG) and Consolidated Water (NASDAQ:INSU) are both retail/wholesale companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, earnings, dividends, profitability, risk, institutional ownership and analyst recommendations. Institutional and Insider Ownership 38.1% of Penske Automotive Group shares are owned by institutional investors. […]
- 09/22/2020
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Bank of America Corp DE Sells 199,288 Shares of Penske Automotive Group, Inc. (NYSE:PAG)
- Bank of America Corp DE trimmed its position in Penske Automotive Group, Inc. (NYSE:PAG) by 21.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 725,025 shares of the company’s stock after selling 199,288 shares during the quarter. Bank of America Corp DE owned about […]
- 09/18/2020
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Intuit Stock Can Gain As Small Businesses and Tax Filers Buy Its Software
- Analysts report on Intuit, Penske, Walmart, Autodesk, and Best Buy
- 08/28/2020
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Are Investors Undervaluing Penske Automotive (PAG) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/19/2020
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Moving Average Crossover Alert: Penske Automotive
- Penske Automotive is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- 08/19/2020
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Should You Think About Buying Penske Automotive Group, Inc. (NYSE:PAG) Now?
- While Penske Automotive Group, Inc. (NYSE:PAG) might not be the most widely known stock at the moment, it led the NYSE...
- 08/12/2020
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Did Hedge Funds Make The Right Call On Penske Automotive Group, Inc. (PAG) ?
- At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
- 08/10/2020
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Insights on the Worldwide Used Trucks Industry to 2024 - Key Drivers, Challenges and Trends - ResearchAndMarkets.com
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Penske Automotive Group, Inc. (NYSE:PAG) Shares Sold by Nisa Investment Advisors LLC
- Nisa Investment Advisors LLC lessened its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 14.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,500 shares of the company’s stock after selling 4,100 shares during the period. Nisa Investment Advisors LLC’s holdings […]
- 08/05/2020
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Penske Automotive Group Announces Pricing of $550 Million Senior Subordinated Notes
- Penske Automotive Group, Inc., (NYSE: PAG) a diversified international transportation services company, today announced the pricing of $550 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2025 (the "2025 Notes") at 3.5%. The sale of the 2025 Notes, which is subject to customary closing conditions, is expected to be completed on August 20, 2020.
- 08/04/2020
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Penske Automotive Group Announces $550 Million Senior Subordinated Notes Offering
- Penske Automotive Group, Inc., (NYSE:PAG) a diversified international transportation services company, today announced that it intends to offer $550 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2025 (the "2025 Notes"), subject to market and other customary closing conditions, pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC").
- 08/04/2020
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Penske Automotive Group, Inc. (NYSE:PAG) to Post Q4 2020 Earnings of $1.49 Per Share, Truist Securiti Forecasts
- Penske Automotive Group, Inc. (NYSE:PAG) – Truist Securiti raised their Q4 2020 EPS estimates for Penske Automotive Group in a report issued on Wednesday, July 29th. Truist Securiti analyst S. Benjamin now anticipates that the company will post earnings per share of $1.49 for the quarter, up from their prior forecast of $1.40. Truist Securiti […]
- 08/04/2020
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Are Investors Undervaluing Penske Automotive (PAG) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/03/2020
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Top Ranked Growth Stocks to Buy for August 3rd
- Top Ranked Growth Stocks to Buy for August 3rd
- 08/03/2020
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Noble Energy Announces Second Quarter Results
- Noble Energy, Inc. (NASDAQ: NBL) (“Noble Energy” or the “Company”) today provided second quarter financial and operating results. “Noble Energy's seco
- 08/03/2020
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Penske (PAG) Q2 Earnings Top, Sales Miss Estimates, Down Y/Y
- While Penske's (PAG) earnings beat estimates in Q2, revenues miss the same amid coronavirus crisis.
- 07/30/2020
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Penske Automotive Group Inc (PAG) Q2 2020 Earnings Call Transcript
- As Jason said, a press release detailing Penske Automotive Group's second quarter 2020 financial results was issued this morning and is posted on our website along with the presentation designed to assist you in understanding the company's results. Joining me for today's call are Roger Penske, our Chairman; J.D. Carlson, our Chief Financial Officer; and Shelley Hulgrave, our Corporate Controller.
- 07/30/2020
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Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q2 2020 Results - Earnings Call Transcript
- Penske Automotive Group, Inc. (NYSE:PAG) Q2 2020 Earnings Conference Call July 29, 2020 02:00 PM ET Company Participants Anthony Pordon - EVP, Investor Relations and Corporate Development Roger Penske - Chairman and CEO J.D.
- 07/29/2020
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Penske Automotive (PAG) Surpasses Q2 Earnings Estimates
- Penske (PAG) delivered earnings and revenue surprises of 1.82% and -3.86%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/29/2020
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Penske Automotive Group, Inc. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Penske Automotive Group, Inc. in conjunction with their 2020 Q2 earnings call..
- 07/29/2020
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Penske Automotive (PAG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
- Penske (PAG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/22/2020
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Wedbush Securities Inc. Decreases Stake in Penske Automotive Group, Inc. (NYSE:PAG)
- Wedbush Securities Inc. cut its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 27.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,516 shares of the company’s stock after selling 5,208 shares during the quarter. Wedbush Securities Inc.’s holdings […]
- 07/20/2020
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Mack Trucks Cutting 450 Salaried Jobs
- Mack Trucks is laying off 450 salaried workers at its North Carolina headquarters as part of global downsizing by Swedish parent VOLVO AB/ADR (OTC: VLVLY). But it is holding the...
- 07/20/2020
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Penske (PAG) Provides Operational Business Update for 2Q20
- Penske (PAG) anticipates to report earnings per share from continuing operations of 52-57 cents for the three months ended Jun 30, 2020.
- 07/17/2020
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Penske Automotive Group To Host Second Quarter 2020 Financial Results Conference Call
- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its second quarter 2020 financial results conference call as follows:
- 07/17/2020
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Invesco Ltd. Has $1.41 Million Stake in Penske Automotive Group, Inc. (NYSE:PAG)
- Invesco Ltd. trimmed its holdings in Penske Automotive Group, Inc. (NYSE:PAG) by 37.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,471 shares of the company’s stock after selling 29,858 shares during the period. Invesco Ltd. owned about 0.06% […]
- 07/16/2020
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Penske Automotive announces surprise profit expectations
- Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Ines Ferre break down the market action for Penske Automotive.
- 07/16/2020
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Penske Automotive Group, Inc. (PAG) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Penske Automotive Group, Inc. (PAG).
- 07/16/2020
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Penske Auto's stock surges after preannouncing expectations of a surprise profit
- Shares of Penske Automotive Group Inc. surged 2.8% in premarket trading Thursday after the transportation services company preannounced expectations of a surprise second-quarter profit, citing a "significant improvement" in operations during June. The company said based on the performance of its U.S. and U.K. retail automotive dealerships and its used vehicle supercenter, it expects to report earnings per share from continuing operations of 52 cents to 57 cents, which compares with the FactSet consensus for a loss of 16 cents a share. The company said all of its U.S. retail automotive dealerships are open. Strong sales of used units in June led to combined U.S. and U.K. operations generating a profit that was more than double that of the period last year. "Our performance in June is the result of a strong operational focus to control costs, manage vehicle inventory, and maximize gross profit," said Chief Executive Rob Penske. The stock has rallied 49.3% over the past three months through Wednesday, while the S&P; 500 has gained 15.3%.
- 07/16/2020
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Penske Automotive Provides Operational Update
- Penske Automotive Group, Inc., (NYSE:PAG) a diversified international transportation services company, today provided an operational update on its business for the second quarter of 2020. Based on the performance of its U.S. and U.K. retail automotive dealerships and its used vehicle supercenter operations in June, coupled with continued expense management across all of our business lines, the Company expects to report earnings per share from continuing operations of $0.52 to $0.57 for the three months ended June 30, 2020.
- 07/16/2020
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Penske Automotive Group Getting Closer To Key Technical Benchmark
- Penske Automotive Group shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
- 07/15/2020
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Is Penske Automotive (PAG) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/08/2020
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How Did Penske Automotive Group, Inc.'s (NYSE:PAG) 14% ROE Fare Against The Industry?
- While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
- 07/07/2020
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Alliancebernstein L.P. Sells 3,300 Shares of Penske Automotive Group, Inc. (NYSE:PAG)
- Alliancebernstein L.P. lessened its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,800 shares of the company’s stock after selling 3,300 shares during the quarter. Alliancebernstein L.P.’s holdings in Penske Automotive Group […]
- 07/06/2020
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$3.33 Billion in Sales Expected for Penske Automotive Group, Inc. (NYSE:PAG) This Quarter
- Equities research analysts expect Penske Automotive Group, Inc. (NYSE:PAG) to announce sales of $3.33 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Penske Automotive Group’s earnings, with the lowest sales estimate coming in at $3.00 billion and the highest estimate coming in at $3.67 billion. Penske Automotive Group […]
- 07/05/2020
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Silver Star Motors unveils brand-new Mercedes – AMG GLE 53 4MATIC Coupé
- Beauty, as the saying goes, is in the eye of the beholder. And this certainly holds true for the brand-new 2020 Mercedes-AMG GLE 53 Coupé, which made its grand entrance in Jamaica, during a digital launch, at the Mercedes-Benz Showroom on Wednesday...
- 06/28/2020
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Maverick Capital Ltd. Acquires New Position in Group 1 Automotive, Inc. (NYSE:GPI)
- Maverick Capital Ltd. acquired a new stake in shares of Group 1 Automotive, Inc. (NYSE:GPI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,968 shares of the company’s stock, valued at approximately $574,000. Other institutional investors and hedge funds also recently made changes to […]
- 06/27/2020
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Another Hot EV Stock Is Coming to Market. Investors Should Pay Attention.
- Electric heavy-duty trucking company Hyliion is merging with Tortoise SPAC, giving investors another way to play the EV trend.
- 06/26/2020
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Group 1 Automotive, Inc. (NYSE:GPI) Shares Sold by Balyasny Asset Management LLC
- Balyasny Asset Management LLC trimmed its position in Group 1 Automotive, Inc. (NYSE:GPI) by 38.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,561 shares of the company’s stock after selling 4,120 shares during the quarter. Balyasny Asset Management LLC’s holdings in Group […]
- 06/25/2020
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California Ushers In An Electrifying New Era In Trucks
- Between 2024 and 2035, California's Advanced Clean Trucks Program will transition 75% of delivery trucks and vans, 55% of smaller trucks like the Ford F250, and 40% of the larger, semi tractors sold in the state to zero emission trucks.
- 06/25/2020
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Used Car Market Emerging as the Dark Horse: 4 Stocks in Focus
- With stay-at-home orders being lifted and business activities resuming normalcy, used car prices are picking up. The used vehicle market is likely to stay strong, going forward.
- 06/24/2020
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Hedge Funds Are Dumping Penske Automotive Group, Inc. (PAG)
- In this article you are going to find out whether hedge funds think Penske Automotive Group, Inc. (NYSE:PAG) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus […]
- 06/23/2020
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COVID-19: Significant Shift in Strategy of Pharmaceutical Logistics Market in North America 2020-2024 | Rise in Pharmaceutical Sales to Boost Growth | Technavio
- The Pharmaceutical Logistics Market in North America will grow by USD 4.33 bn during 2020-2024
- 06/23/2020
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Analysts Offer Insights on Consumer Goods Companies: CarMax (NYSE: KMX), Home Depot (NYSE: HD) and Walmart (NYSE: WMT) - Markets
- There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on CarMax
- 06/22/2020
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Hyliion Takes Reverse Merger Path To Public Trading
- Hyliion Inc., a startup maker of diesel-electric truck components, expects to begin publicly trading its stock around the end of the third quarter following a merger with a "blank...
- 06/22/2020
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5 Guru Stocks Predicted to Expand Earnings
- Toyota Motor makes the list Continue reading...
- 06/18/2020
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Penske Automotive Group (NYSE:PAG) Earning Very Negative Media Coverage, Report Shows
- News coverage about Penske Automotive Group (NYSE:PAG) has been trending very negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores […]
- 06/18/2020
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Commercial Vehicle Rental and Leasing Market to Reach USD 116.72 Billion by 2027; Improved In-vehicle User-Experience in Commerical Cars to Augment Growth, states Fortune Business Insights
- The global commercial vehicle rental and leasing market size is expected to reach USD 116.72 billion by 2027, exhibiting a CAGR of 8.0% during the forecast
- 06/16/2020
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OneRail Selects Penske to Support New National Truck Rental Account Program
- OneRail is proud to announce that it has selected Penske Truck Rental to launch a National Truck Rental Account Program for its Logistics Partners.
- 06/16/2020
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Customers Bank Expands Senior Leadership Team, Names Andrew Bowman to Office of the Chair
- Customers Bank announced it elevated Andrew Bowman, to Senior Executive Vice President and a member of the Office of the Chair. In January, he was nam
- 06/15/2020
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CIO Leadership: HMG Strategy Looks Ahead to UK, Charlotte and St. Louis CIO Virtual Summits After Vaulting to #1 in Virtual Events for CIOs, CTOs, CISOs and Technology Executives
- HMG Strategy, the world's #1 digital platform for connecting technology executives to reimagine the enterprise and reshape the business world, excitedly
- 06/12/2020
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Penske Automotive Group: Poised For A Rebound Thanks To The Great Road Trip (NYSE:PAG)
- Penske Automotive Group has had a tough year, but the rebound from the lows is impressive – especially after Q1 earnings. Dividend cut will help shore up financ
- 06/11/2020
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Penske Provides Business Update as Lockdown Restrictions Ease
- As lockdown orders hurt Penske's (PAG) operations, new and used unit sales plummeted 50%, and service and parts gross profit slumped 52% year over year in April.
- 06/10/2020
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Victory Capital Management Inc. Increases Position in Penske Automotive Group, Inc. (NYSE:PAG)
- Victory Capital Management Inc. raised its position in Penske Automotive Group, Inc. (NYSE:PAG) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,201,446 shares of the company’s stock after purchasing an additional 133,650 shares during the quarter. Victory Capital Management […]
- 06/10/2020
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Penske Automotive Group Makes A Pit Stop On Dividend Growth (NYSE:PAG)
- Penske Automotive Group suspended its dividend after 9 years of steady growth. Penske's P/E is low, but the company has a higher debt than its peers. Other deal
- 06/09/2020
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Penske Automotive Provides Operational Update
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Penske Automotive Provides Operational Update
- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company, today provided an operational update on its business, noting improvements in automotive retail business conditions when compared to March and April. Penske Automotive Group CEO Roger Penske said, "I am encouraged by the significant improvement we continue to see in our operations. Since the COVID-19 pandemic began impacting operations in the second half of March, we took actions to reduce costs and preserve our liquidity position. Based on these actions, I expect further improvements to our operating results in June and into the second half of the year as the economy continues to recover."
- 06/09/2020
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Penske (PAG) Up 14.5% Since Last Earnings Report: Can It Continue?
- Penske (PAG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 06/05/2020
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Penske Automotive Offers Value With Or Without The Dividend (NYSE:PAG)
- PAG shares are still well off their highs despite a huge rebound rally. Investors appear to be pricing in more weakness than I see as reasonable. With the stock
- 06/05/2020
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Dividends By The Numbers In May 2020
- A total of 3,118 U.S. firms declared dividends in May 2020, an increase of 26 over the 3,092 recorded in April 2020. That figure is also 811 lower than what was
- 06/04/2020
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Dividend Champions For June 2020
- Monthly update of the Dividend Champions List. 31 companies declared higher dividends in the past month, with an average increase of 4.45% over their previous p
- 06/01/2020
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In Consumers We Trust: 3 Leveraged ETFs That Surged In April
- It may be an understatement to say that the economic environment of 2020 has created a lot of new and challenging realities to process. As a result of the...
- 05/26/2020
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In Consumers We Trust: 3 Leveraged ETFs That Surged In April
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Dividend Cuts Continue Torrid Pace In First Half Of May 2020
- Dividend cuts and suspensions announced by publicly-traded firms in the United States are continuing their torrid pace through the midpoint of May 2020. Overall
- 05/20/2020
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Cramer's lightning round: Penske Automotive is 'a very inexpensive stock'
- "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
- 05/18/2020
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Auto Stock Roundup: TM Beats on Q4 Earnings, HMC Incurs Loss & More
- Both Toyota (TM) and Honda (HMC) report dismal year-over-year results for fiscal fourth-quarter 2020, thanks to the coronavirus outbreak.
- 05/18/2020
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Morgan Stanley Maintains Overweight on Penske Automotive Group, Raises Price Target to $44
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Penske Media Invests in Event Management Agency LDJ Productions
- LDJ Productions has previously worked on events for PMC titles like Rolling Stone and WWD.
- 05/14/2020
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Penske Media Makes Strategic Investment in LDJ Productions
- New York, NY May 14, 2020: Penske Media Corporation (PMC) today announced its strategic investment in leading event management and technical production agency LDJ Productions. The investment divers…
- 05/14/2020
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Most Ford U.S. dealers got federal payroll protection loans -COO
- Most of Ford Motor Co's U.S. dealers received payroll protection loans from the U.S. government amid the coronavirus pandemic, the automaker's chief operating officer said on Thursday. Early in the outbreak, Ford "made sure" its U.S. dealers applied with the U.S. Small Business Administration for federal loans to protect their payrolls and employees, Jim Farley said during the company's annual shareholder meeting held online. Ford worked closely with its network of just over 3,000 U.S. franchised dealers to ensure they were aware of the loan process and tracked their progress, spokesman Said Deep said after the meeting.
- 05/14/2020
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Penske Automotive Group Suspends Dividend, Ending Run of Quarterly 1-Cent Increases
- Penske, which has been hit hard by the coronavirus pandemic, estimated that the suspension of its second-quarter dividend will save $34 million.
- 05/14/2020
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Penske (PAG) Suspends Quarterly Dividend on Coronavirus Crisis
- Penske (PAG) expects the dividend suspension to preserve about $34 million in cash in the second quarter of 2020.
- 05/14/2020
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Most Ford U.S. dealers got federal payroll protection loans: COO
- Most Ford U.S. dealers got federal payroll protection loans: COO
- 05/14/2020
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Penske Automotive Suspends Its Quarterly Dividend Of $0.42 Per Share
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Penske Automotive Suspends Quarterly Dividend
- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced that its Board of Directors has suspended its cash dividend. The company previously paid a quarterly dividend of $0.42 per share to shareholders on March 3, 2020. The company estimates that the suspension of the dividend will preserve approximately $34 million in cash during the second quarter. Commenting on the announcement, Chair Roger Penske said, "The decision to suspend the quarterly dividend is consistent with the other measures the company has implemented to mitigate the impact of Covid-19, including a hiring freeze, the deferral of approximately $150 million in capital expenditures, and the furloughing of 57% of its worldwide workforce, among others."
- 05/13/2020
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Edited Transcript of PAG earnings conference call or presentation 6-May-20 6:00pm GMT
- Q1 2020 Penske Automotive Group Inc Earnings Call
- 05/13/2020
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Penske Automotive Suspends Quarterly Dividend
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AutoNation, other dealer groups optimistic about a recovery after coronavirus devastates sales
- The nation's largest publicly traded auto retailers are optimistic U.S. vehicle sales will continue to recover after plummeting double digits since mid-March due to the coronavirus pandemic.
- 05/12/2020
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Coronavirus Pushes Auto Dealers To Remove Customer Pain Points
- Social distancing and sanitization imperatives brought on by the coronavirus pandemic have sparked dealerships to find ways to do business remotely while protecting employees and customers bringing in their vehicles for service. All temporary changes that are likely to become permanent.
- 05/12/2020
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Penske Automotive (PAG) Q1 Earnings In Line, Revenues Beat (Revised)
- While Penske Automotive Group's (PAG) revenues top estimates, the top line declines year over year owing to depressed demand for vehicles amid heightened coronavirus woes, especially in March.
- 05/11/2020
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COVID-19 Impact and Recovery Analysis- Used Cars Market 2020-2024 | Expanding Vehicle Portfolio Of Used Cars Online To Boost Growth | Technavio
- The global used cars market size has the potential to grow by 31.91 million units during 2020-2024.
- 05/11/2020
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Universal Technical Institute, Inc. (UTI) CEO Jerome Grant on Q2 2020 Results - Earnings Call Transcript
- Universal Technical Institute, Inc. (NYSE:UTI) Q1 2020 Earnings Conference Call May 07, 2020, 04:30 AM ET Company Participants Jody Kent - Vice President-Commun
- 05/10/2020
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Penske Automotive (SMP) Q1 Earnings In Line, Revenues Beat
- While Penske Automotive Group's (PAG) revenues top estimates, the top line declines year over year owing to depressed demand for vehicles amid heightened coronavirus woes, especially in March.
- 05/08/2020
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3 Long-Running Dividend Payouts Upended by Coronavirus
- Southwest’s run of 174 consecutive payouts is done, as is Exxon Mobil’s clockwork-like declaration of dividend increases each April since 2007. Penske Automotive Group has a shot to keep its run of quarterly penny increases to its payout alive, but the company is under pressure.
- 05/08/2020
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Noble Energy Announces First Quarter Results
- Noble Energy, Inc. (NASDAQ: NBL) (“Noble Energy” or the “Company”) today provided first quarter financial and operating results. First quarter highlig
- 05/08/2020
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SunTrust Robinson Humphrey Maintains Buy on Penske Automotive Group, Raises Price Target to $42
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U.S. RESEARCH ROUNDUP-Ashland Global Holdings, Lyft, Solaredge Technologies
- Wall Street securities analysts revised their ratings and price targets on
several U.S.-listed companies, including Ashland Global Holdings, Lyft and Solaredge
Technologies, on Thursday.
HIGHLIGHTS
* Ashland Global Holdings Inc. : JP Morgan raises to neutral from underweight
* Lyft Inc : Piper Sandler cuts to neutral from overweight
* Natera Inc : JP Morgan raises to overweight from neutral
* Occidental Petroleum Corp : SunTrust Robinson raises to hold from sell
* Solaredge Technologies : Canaccord Genuity cuts to hold from buy
Following is a summary of research actions on U.S. companies reported by Reuters on Thursday.
Stock entries are in alphabetical order.
* Acadia Healthcare Company Inc : Citigroup cuts price target to $34 from $37
* Activision Blizzard Inc : Keybanc raises target price to $80 from $68
* Advanced Energy Industries Inc : Susquehanna cuts target price to $85 from $90
* Agco Corp : Stephens raises target price to $65 from $60
* Alexion Pharmaceuticals Inc : Credit Suisse cuts target price to $142 from $147
* Allegiant Travel Co : Cowen and Company cuts price target to $74 from $100
* Allstate Corp : Piper Sandler raises target price to $112 from $108
* Alnylam Pharmaceuticals Inc : JP Morgan cuts to neutral from overweight
* Alnylam Pharmaceuticals Inc : JP Morgan raises target price to $137 from $133
* Alnylam Pharmaceuticals Inc : Needham raises target price to $160 from $135
* Alnylam Pharmaceuticals Inc : Piper Sandler raises target price to $169 from $142
* Anaptysbio Inc : Credit Suisse raises target price to $16 from $14
* Arcus Biosciences Inc : Wedbush raises target price to $40 from $26
* Ares Management Corp : Credit Suisse raises target price to $40 from $38
* Ashland Global Holdings Inc. : JP Morgan raises to neutral from underweight
* Ashland Global Holdings Inc. : JP Morgan cuts target price to $62 from $68
* Aspen Technology Inc : Keybanc raises target price to $120 from $110
* Astronics Corp : Canaccord Genuity cuts target price to $10 from $14
* Atkore International Group Inc : Citigroup raises price target to $26 from $24
* Atlas Corp (British Columbia) : Citigroup cuts price target to $7 from $12
* Axalta Coating Systems Ltd : Credit Suisse cuts target price to $27 from $29
* Axalta Coating Systems Ltd : Keybanc raises target price to $24 from $23
* Axogen Inc : Canaccord Genuity cuts target price to $12 from $22
* Bank of N.T. Butterfield & Son Ltd : Citigroup raises price target to $21 from $15
* Benefitfocus Inc : Piper Sandler cuts target price to $26 from $35
* Biocryst Pharmaceuticals Inc : Piper Sandler raises target price to $10 from $8
* Black Knight Inc : Stephens raises target price to $88 from $84
* Black Stone Minerals LP : Simmons Energy raises target price to $8 from $5
* Boston Private Financial Holdings Inc : Piper Sandler raises PT to $7 from $6.50
* Brookfield Business Partners LP : National Bank of Canada cuts PT to $38 from $42
* Brookfield Renewable Partners LP : CIBC raises target price to $49 from $48
* Catalent Inc : Stephens raises target price to $82 from $75
* Central Garden & Pet Co : Keybanc raises target price to $38 from $35
* Ceridian Hcm Holding Inc : Credit Suisse raises target price to $49 from $47
* Chefs' Warehouse Inc : Jefferies raises target price to $13 from $12
* Chemours Co : Jefferies raises target price to $13 from $11
* CNH Industrial : JP Morgan cuts target price to $6.50 from $8
* Consolidated Edison Inc : Credit Suisse cuts target price to $78 from $92
* Constellation Pharmaceuticals Inc : Jefferies raises target price to $63 from $53
* Lendingclub Corp : BTIG cuts target price to $11 from $23
* Cubic Corp : Canaccord Genuity cuts target price to $48 from $55
* Cytosorbents Corp : MKM Partners raises target price to $14 from $8
* Devon Energy Corp : Simmons Energy raises target price to $10 from $6
* Discovery Inc : MKM Partners cuts target price to $26 from $30
* Dupont : Citigroup raises price target to $52 from $47
* Dupont : Jefferies raises target price to $53 from $49
* Elevate Credit Inc : Credit Suisse cuts target price to $4 from $4.75
* Etsy Inc : Canaccord Genuity raises target price to $85 from $70
* Etsy Inc : Jefferies raises target price to $71 from $66
* Everbridge Inc : Stephens raises target price to $125 from $120
* Eversource Energy : Credit Suisse cuts target price to $81 from $92
* Evoqua Water Technologies Corp : Stifel raises target price to $22 from $21
* Exact Sciences Corp : Cowen and Company raises target price to $95 from $90
* Fastly Inc : Piper Sandler raises target price to $31 from $27
* First Western Financial Inc : Stephens cuts target price to $15 from $17
* Flir Systems Inc : Needham raises target price to $52 from $48
* FMC Corp : Citigroup raises price target to $114 from $107
* FMC Corp : Keybanc raises target price to $108 from $93
* Formfactor Inc : Cowen and Company raises target price to $24 from $22
* Formfactor Inc : D.A. Davidson raises target price to $25 from $20
* Fortinet Inc : Credit Suisse raises target price to $110 from $100
* Fortinet Inc : Piper Sandler raises target price to $125 from $110
* Fox Factory Holding Corp : Jefferies raises target price to $65 from $60
* Frontdoor Inc : Credit Suisse cuts target price to $44 from $50
* Gibraltar Industries Inc : Keybanc cuts target price to $55 from $60
* Global Payments Inc : Credit Suisse raises target price to $200 from $190
* Global Payments Inc : Jefferies raises target price to $195 from $175
* Global Payments Inc : Susquehanna raises target price to $205 from $200
* Graftech International Ltd : Credit Suisse cuts target price to $13 from $17
* Grubhub Inc : Jefferies raises target price to $50 from $48
* Heron Therapeutics Inc : Jefferies cuts target price to $31 from $33
* Hubspot Inc : Jefferies raises target price to $202 from $150
* Immunomedics Inc : Jefferies raises target price to $41 from $25
* Inmode Ltd : Canaccord Genuity cuts target price to $40 from $50
* Kennametal Inc : CFRA cuts target price to $25 from $32
* Kennametal Inc : JP Morgan cuts target price to $27 from $31
* Kforce Inc : Credit Suisse raises target price to $32 from $26
* KKR & Co Inc : Credit Suisse raises target price to $29 from $27
* Livongo Health Inc : Canaccord Genuity raises target price to $65 from $46
* Livongo Health Inc : Keybanc raises target price to $52 from $46
* Lyft Inc : D.A. Davidson raises target price to $35 from $27
* Lyft Inc : Jefferies cuts target price to $50 from $60
* Lyft Inc : Piper Sandler cuts price target to $31 from $63
* Lyft Inc : Piper Sandler cuts to neutral from overweight
* Magellan Midstream Partners LP : Credit Suisse raises target price to $48 from $42
* Martin Marietta Materials Inc : Citigroup raises price target to $230 from $228
* Natera Inc : Canaccord Genuity raises target price to $48 from $46
* Natera Inc : JP Morgan raises to overweight from neutral
* Natera Inc : JP Morgan raises target price to $45 from $32
* National Energy Services Reunited : National Bank of Canada cuts PT to $12 from
$13
* Neurocrine Biosciences Inc : Canaccord Genuity raises target to $123 from $122
* Neurocrine Biosciences Inc : Jefferies raises target price to $119 from $115
* Neurocrine Biosciences Inc : Mizuho raises target price to $105 from $103
* Neurocrine Biosciences Inc : Piper Sandler raises target price to $126 from $125
* Nlight Inc : Canaccord Genuity cuts target price to $22 from $25
* Now Inc : Stifel cuts target price to $6 from $7
* Nuvasive Inc : Canaccord Genuity cuts target price to $64 from $68
* Nuvasive Inc : Piper Sandler cuts target price to $75 from $90
* Occidental Petroleum Corp : SunTrust Robinson raises to hold from sell
* Occidental Petroleum Corp : SunTrust Robinson raises price target to $13 from $10
* Occidental Petroleum Corp : Susquehanna cuts target price to $12 from $13
* Palomar Holdings Inc : Piper Sandler raises target price to $64 from $54
* Papa John's International Inc : Credit Suisse raises target price to $84 from $71
* Papa John's International Inc : MKM Partners raises target price to $72 from $70
* Papa John's International Inc : Stifel raises target price to $95 from $80
* Parsley Energy Inc : Simmons Energy raises target price to $8 from $7.
- 05/07/2020
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Penske Automotive Group Inc (PAG) Q1 2020 Earnings Call Transcript
- A press release detailing Penske Automotive Group's first quarter 2020 financial results was issued this morning and is posted on our website, along with the first quarter earnings presentation designed to assist you in understanding the first quarter on our results. Joining me for today's call is Roger Penske, our Chairman; J.D. Carlson, the Chief Financial Officer; and Shelley Hulgrave, our Corporate Controller.
- 05/07/2020
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Edited Transcript of PAG earnings conference call or presentation 6-May-20 6:00pm GMT
- Q1 2020 Penske Automotive Group Inc Earnings Call
- 05/07/2020
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Penske Automotive (PAG) Q1 Earnings Match Estimates
- Penske (PAG) delivered earnings and revenue surprises of 0.00% and 2.91%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/06/2020
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Penske Automotive Group Q1 EPS $0.640 Misses $0.750 Estimate, Sales $5.009B Miss $5.300B Estimate
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Penske Automotive Reports First Quarter 2020 Results
- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced first quarter 2020 results. For the three months ended March 31, 2020, the company reported income from continuing operations attributable to common shareholders of $51.6 million, or $0.64 per share, compared to $100.1 million, or $1.19 per share in the prior year. Foreign exchange negatively impacted earnings per share by $0.01. Revenue was $5.0 billion compared to $5.6 billion in the same period last year.
- 05/06/2020
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Penske Automotive (PAG) Q1 Earnings Match Estimates
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What Is Penske Automotive Group's (NYSE:PAG) P/E Ratio After Its Share Price Rocketed?
- Penske Automotive Group (NYSE:PAG) shareholders are no doubt pleased to see that the share price has bounced 48% in...
- 05/04/2020
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Man wanted on warrant for rape found in vacant apartment unit: Cleveland Heights police blotter
- Cleveland Heights police cited a man, 50, who left his dog in a closed up, locked car in a parking outside of a store. After more than two hours, the man returned to the car and said he had gone home and lost track of time.
- 05/02/2020
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CarMax Turns Inventory Faster Than Competitors
- CarMax retailed 832,640 vehicles in the last fiscal year from an inventory of just 80,000. Focusing on used vehicles gives CarMax more control over inventory. I
- 05/01/2020
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AutoNation vs. Penske: Comparing the Auto Dealerships
- Two undervalued and predictable car sellers Continue reading...
- 04/30/2020
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AutoNation vs. Penske: Comparing the Auto Dealerships
- AutoNation vs. Penske: Comparing the Auto Dealerships, Stocks: AN,PAG, release date:Apr 29, 2020
- 04/30/2020
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Penske Automotive To Hold Audio Annual Meeting Of Stockholders
- Penske Automotive Group, Inc. (NYSE:PAG), a diversified international transportation services company, today announced a change in the location of its 2020 Annual Meeting of Stockholders. Due to the continued public health concerns regarding COVID-19, including the restrictions on in-person gatherings in Michigan, the 2020 Annual Meeting will be conducted exclusively by remote communication. As previously announced, the 2020 Annual Meeting will be held on Wednesday, May 13, 2020, at 8:00 a.m., Eastern Daylight Time. Stockholders will not be able to attend the Annual Meeting in person; however, stockholders will be afforded the same rights and opportunities to participate as they would at an in-person meeting. Only stockholders of record at the close of business on March 17, 2020 are entitled to vote at, or attend, the Annual Meeting.
- 04/30/2020
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Penske Automotive To Hold Audio Annual Meeting Of Stockholders
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Analysts Estimate Penske Automotive (PAG) to Report a Decline in Earnings: What to Look Out for
- Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/29/2020
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Analysts Estimate Penske Automotive (PAG) to Report a Decline in Earnings: What to Look Out for
- Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/29/2020
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Penske Touts Shorter Term Leasing Deals In Unusual Public Statement
- Penske Truck Leasing likes its new incentive program so much that the company did something it doesn't appear to have done for at least 10 years. It put out a press release on it.Signaling an aggressive stance in the market for leasing trucks, Penske announced on April 27 a "Get Back to Business" offer with what it called "flexible lease terms" and "low rates." The offer will be for customers leasing what privately held Penske said were "late-model, low-mileage vehicles" from its inventory of box trucks and tractors. A scroll through 10 years of Penske press releases on its website turns up no similar announcements. Specifically, the length of lease terms is being reduced. In an email sent to FreightWaves, a spokeswoman for the company said the incentive program includes a length of term of three to four years on a lease. In an earlier email to FreightWaves, Jim Lager, senior vice president of sales for Penske Truck Leasing said that five to seven years is the company's current "normal offer.""Today, we understand that the economic environment is unique and goals are changing, so we are adapting to meet that need," Lager said in the email."Customers often tell me how they appreciate the flexibility and competitiveness of our late-model equipment solutions in these unique times," said Phil Feger, vice president of sales at Penske Truck Leasing, said in the Penske statement."It's a strategic move ahead of an upturn we are anticipating later in the year when the economy is returning and businesses are opening," Lager added in his email.. The more flexible terms, Lager said, will be on 2018, 2019 and 2020 model years. Many of the vehicles have odometer readings less than 100,000 miles, he said, adding that many are also equipped with collision mitigation systems.Chris Visser, Commercial Truck Senior Analyst at J.D. Power, said the Penske move, while being announced publicly, is not odd. He also said that incentives in the industry have been a feature of used truck leasing since the market for all trucks started to slide in late 2018."I think a lot of dealers and OEMs [original equipment manufacturers] with in-house financing arms, and also the third-party finance companies, have been running specials ever since pricing started to come back down in 2018," Visser said. Visser added that he expected companies in the used truck leasing or sales market to provide "historically attractive rates" and be more willing to "dip down to widen the risk tolerance," another way of saying they might be offering deals to customers who might not have passed credit muster in the past. Warranties are another area that can be used as an incentive, Visser said. "It's been a traditional value-add," he said. "They will throw in a warranty to move a truck. You'll probably see that." (Visser's comments were to the broader industry, not to Penske specifically).In his email, Lager reviewed steps the company is taking with its trucks to sanitize the vehicles against COVID-19. And while he did not speak specifically to warranties, he did say that "maintenance is just one aspect of what we provide. While it is an important one, so are other services like engineering the right specs and procuring the best price."Penske truck leasing rival Ryder System, Inc. (NYSE: R) will be announcing its earnings today (April 29). Contacted by FreightWaves, Ryder's media department said it could not comment on certain specific questions.But spokesman Jonathan Mayor added, "we have had flexibility in our Lease product for some time." He cited three separate types of leases launched in 2016: Full Service, Preventive and On-Demand."The flexibility of our program from 2016 has greater impact even more during these uncertain times as the apprehension companies have right now on spending capital is strongly present," Mayor said in an email to FreightWaves. "Because of this, we have flexible terms and options that allow businesses to hold on to capital, while benefiting from reliable vehicles that come with built-in maintenance."See more from Benzinga * UPS Faces Mix/Margin Challenges As COVID-19 Skews Shipping Choices * Freight Futures Daily Curve: 4/28 * When Will Retail Recover? – Coronavirus Freight Market Update (With Video)(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 04/29/2020
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Brokerages Expect Penske Automotive Group, Inc. (NYSE:PAG) Will Post Earnings of $0.75 Per Share
- Brokerages expect Penske Automotive Group, Inc. (NYSE:PAG) to post $0.75 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Penske Automotive Group’s earnings. The lowest EPS estimate is $0.38 and the highest is $1.18. Penske Automotive Group reported earnings of $1.25 per share in the […]
- 04/29/2020
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On The Rebound: Industries To Watch (and Avoid) As Markets Move Higher
- As this recovery progresses, investors should emphasize long-term growth sectors and stocks and avoid areas of the market that are likely to lag.
- 04/29/2020
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Brokerages Expect Penske Automotive Group, Inc. (NYSE:PAG) Will Announce Quarterly Sales of $4.87 Billion
- Analysts predict that Penske Automotive Group, Inc. (NYSE:PAG) will post $4.87 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Penske Automotive Group’s earnings. The lowest sales estimate is $4.72 billion and the highest is $5.02 billion. Penske Automotive Group reported sales of $5.56 billion during the same quarter […]
- 04/28/2020
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Penske Automotive Group (NYSE:PAG) Stock Price Up 5.3%
- Shares of Penske Automotive Group, Inc. (NYSE:PAG) rose 5.3% during mid-day trading on Monday . The stock traded as high as $33.50 and last traded at $32.93, approximately 297,190 shares were traded during mid-day trading. A decline of 25% from the average daily volume of 394,520 shares. The stock had previously closed at $31.27. PAG […]
- 04/28/2020
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Is Penske Automotive Group, Inc. (NYSE:PAG) An Attractive Dividend Stock?
- Is Penske Automotive Group, Inc. (NYSE:PAG) a good dividend stock? How can we tell? Dividend paying companies with...
- 04/27/2020
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Penske upgraded to Buy on potential dealer outperformance at Northcoast PAG
- Penske upgraded to Buy on potential dealer outperformance at Northcoast Northcoast PAG
- 04/27/2020
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AutoNation upgraded to Buy on potential dealer outperformance at Northcoast AN
- AutoNation upgraded to Buy on potential dealer outperformance at Northcoast Northcoast AN
- 04/27/2020
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Penske Automotive upgraded to Buy from Neutral at Northcoast PAG
- Penske Automotive upgraded to Buy from Neutral at Northcoast Northcoast PAG
- 04/27/2020
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Analysts Offer Insights on Consumer Goods Companies: Walmart (WMT), Boston Beer (SAM) and Lithia Motors (LAD)
- There's a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Walmart (WMT), Boston Beer (SAM) and Lithia Motors
- 04/23/2020
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TheStreet Lowers Penske Automotive Group (NYSE:PAG) to C
- TheStreet lowered shares of Penske Automotive Group (NYSE:PAG) from a b- rating to a c rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports. A number of other research analysts have also commented on the stock. ValuEngine lowered shares of Penske Automotive Group from a hold rating to a sell rating […]
- 04/23/2020
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Diamant Asset Management, Inc. Buys Healthpeak Properties Inc, BCE Inc, Sells General Electric ...
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Penske Automotive Group, Inc. -- Moody's announces completion of a periodic review of ratings of Penske Automotive Group, Inc.
- Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Penske Automotive Group, Inc. New York, April 22, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Penske Automotive Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- 04/22/2020
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Penske Automotive Group To Host First Quarter Results Conference Call
- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its first quarter 2020 financial results conference call as follows:
- 04/22/2020
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Penske Automotive Group To Host First Quarter Results Conference Call
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U.S. Paycheck Protection Program Is a Mess. Here’s How We Know.
- Money from the Small Business Administration for the Paycheck Protection Program isn’t going to the businesses it was intended for. The smallest operators are still struggling without any idea of when they can open their doors to the public again.
- 04/19/2020
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McLaughlin mad after Indycar virtual crash
- Supercars champion Scott McLaughlin is livid after crashing out of contention in the latest instalment of Indycar virtual racing on Sunday.
- 04/19/2020
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Penske Automotive Group, Inc. -- Moody's changes Penske Automotive's outlook to negative; affirms Ba1 corporate family rating
- Moody's Investors Service, ("Moody's") today affirmed all ratings of Penske Automotive Group, Inc. ("Penske") including the Ba1 corporate family rating. "The outlook change to negative considers the potential for deterioration in Penske's credit metrics due to the various coronavirus containment measures," stated Moody's Vice President Charlie O'Shea. "Heading into 2020, Penske's metrics were already weakly positioned relative to the downward rating triggers with EBIT/interest of 3.1 times already below the 3.5 times trigger, with Moody's expectation that they would gradually improve during the year, which is now uncertain," continued O'Shea.
- 04/17/2020
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A Rising Share Price Has Us Looking Closely At Penske Automotive Group, Inc.’s (NYSE:PAG) P/E Ratio
- Those holding Penske Automotive Group (NYSE:PAG) shares must be pleased that the share price has rebounded 38% in the...
- 04/17/2020
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What Is Penske Automotive Group's (NYSE:PAG) P/E Ratio After Its Share Price Rocketed?
- Those holding Penske Automotive Group (NYSE:PAG) shares must be pleased that the share price has rebounded 38% in the...
- 04/17/2020
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Earnings Preview: Penske Automotive (PAG) Q1 Earnings Expected to Decline
- Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2020
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Earnings Preview: Penske Automotive (PAG) Q1 Earnings Expected to Decline
- Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2020
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Auto Sector in Shambles Amid Coronavirus: No Relief in Sight
- Factory closures, furloughs, pay cuts, and dividend and buyback suspension in the wake of coronavirus crisis have crippled the auto industry. Discouragingly, the situation is not likely to improve in the near future.
- 04/16/2020
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Geode Capital Management LLC Buys 25,584 Shares of Penske Automotive Group, Inc. (NYSE:PAG)
- Geode Capital Management LLC grew its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,406 shares of the company’s stock after acquiring an additional 25,584 shares during the quarter. Geode Capital Management LLC owned […]
- 04/16/2020
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Earnings Preview: Penske Automotive (PAG) Q1 Earnings Expected to Decline
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Penske Automotive Group (NYSE:PAG) Given New $39.00 Price Target at Morgan Stanley
- Penske Automotive Group (NYSE:PAG) had its price objective reduced by Morgan Stanley from $40.00 to $39.00 in a research note published on Monday, AnalystRatings.com reports. Morgan Stanley currently has an overweight rating on the stock. PAG has been the topic of a number of other reports. Stephens decreased their price objective on shares of Penske […]
- 04/14/2020
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Sonic Automotive (SAH) Gets a Hold Rating from Morgan Stanley
- In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Hold rating on Sonic Automotive (SAH), with a price target of $17.00.
- 04/13/2020
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Sonic Automotive (SAH) Gets a Hold Rating from Morgan Stanley
- In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Hold rating on Sonic Automotive (SAH – Research
- 04/13/2020
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Morgan Stanley Sticks to Their Sell Rating for AutoNation (AN)
- In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Sell rating on AutoNation (AN), with a price target of $27.00. The
- 04/13/2020
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Penske Automotive Group (PAG) Receives a Buy from Morgan Stanley
- In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Buy rating on Penske Automotive Group (PAG), with a price target of
- 04/13/2020
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Asbury (ABG) Gets a Hold Rating from Morgan Stanley
- Morgan Stanley analyst Armintas Sinkevicius maintained a Hold rating on Asbury (ABG) today and set a price target of $61.00. The company's shares closed
- 04/13/2020
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Group 1 Automotive (GPI) Receives a Buy from Morgan Stanley
- Morgan Stanley analyst Armintas Sinkevicius maintained a Buy rating on Group 1 Automotive (GPI) today and set a price target of $65.00. The company's
- 04/13/2020
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Analysts Offer Insights on Services Companies: Lithia Motors (LAD), Centene (CNC) and Cinemark Holdings (CNK)
- There's a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Lithia Motors (LAD), Centene (CNC) and Cinemark Holdings
- 04/13/2020
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Morgan Stanley Maintains Overweight on Penske Automotive Group, Lowers Price Target to $39
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Shares of several global auto companies are trading lower amid uncertainty around demand outlook caused by the coronavirus pandemic which has significantly staggered consumer spending and economic activity.
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Is now a good time to buy a new vehicle online?
- If you’re blessed with good health and you have a reasonable chance of keeping your job, now’s a good time to buy a car.
- 04/11/2020
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Q1 2020 EPS Estimates for Penske Automotive Group, Inc. Lowered by SunTrust Banks (NYSE:PAG)
- Penske Automotive Group, Inc. (NYSE:PAG) – Investment analysts at SunTrust Banks lowered their Q1 2020 earnings estimates for shares of Penske Automotive Group in a note issued to investors on Tuesday, April 7th. SunTrust Banks analyst S. Benjamin now forecasts that the company will post earnings per share of $0.38 for the quarter, down from […]
- 04/10/2020
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Penske Automotive Group, Inc. Expected to Post Q4 2020 Earnings of $1.16 Per Share (NYSE:PAG)
- Penske Automotive Group, Inc. (NYSE:PAG) – Analysts at SunTrust Banks decreased their Q4 2020 earnings per share (EPS) estimates for Penske Automotive Group in a research report issued on Tuesday, April 7th. SunTrust Banks analyst S. Benjamin now anticipates that the company will post earnings of $1.16 per share for the quarter, down from their […]
- 04/10/2020
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Bleak outlook for racing in 2020
- The Formula One Canadian Grand Prix has been postponed and barring a miracle, there is no way the IndyCar race at Exhibition Place, the IMSA SportsCar...
- 04/10/2020
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Shares of several companies in the auto dealer space are trading higher amid positive market sentiment. Speculation some coronavirus hotspots leveling off has raised hopes of a return to economic activity, which could mean a rebound in consumer spending.
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Hedge Funds Have Never Been This Bullish On Univar Solutions Inc (UNVR)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/08/2020
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What You Must Know About Penske Automotive Group, Inc.’s (NYSE:PAG) Beta Value
- Anyone researching Penske Automotive Group, Inc. (NYSE:PAG) might want to consider the historical volatility of the...
- 04/08/2020
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Shares of several companies in the auto dealer space are trading higher amid positive market sentiment. Speculation some coronavirus hotspots leveling off has raised hopes of a return to economic activity, which could mean a rebound in consumer spending.
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Automakers Go Into Cash-Preserving Mode to Fight Coronavirus
- With coronavirus concerns dimming earnings and sales prospects, carmakers are resorting to cost-containment initiatives and drawing down their credit lines to preserve cash.
- 04/07/2020
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Advisors Asset Management Inc. Takes Position in Penske Automotive Group, Inc. (NYSE:PAG)
- Advisors Asset Management Inc. acquired a new stake in Penske Automotive Group, Inc. (NYSE:PAG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,707 shares of the company’s stock, valued at approximately $86,000. Several other hedge funds have also made changes to their […]
- 04/07/2020
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Here is What Hedge Funds Think About Parsons Corporation (PSN)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/07/2020
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SunTrust Robinson Humphrey Maintains Buy on Penske Automotive Group, Lowers Price Target to $40
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Detroit IndyCar double-header races canceled due to coronavirus
- Roger Penske has canceled the doubleheader race at Detroit and adjusted the IndyCar schedule Monday as the series remains on hold during the coronavirus pandemic. Penske told The Associated Press he had no choice but to cancel the two races at Belle Isle because Michigan is under a stay-at-home order and workers cannot begin constructing the track. Penske is the promoter of that race.
- 04/06/2020
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Auto Stock Roundup: TSLA Q1 Deliveries, KMX Earnings & Other Updates
- While most of the automakers are reeling under the effects of COVID-19 pandemic, Tesla's (TSLA) Q1 deliveries remain robust and CarMax (KMX) posts a comprehensive beat in fourth-quarter fiscal 2020.
- 04/06/2020
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Auto Stock Roundup: TSLA Q1 Deliveries, KMX Earnings & Other Updates
- While most of the automakers are reeling under the effects of COVID-19 pandemic, Tesla's (TSLA) Q1 deliveries remain robust and CarMax (KMX) posts a comprehensive beat in fourth-quarter fiscal 2020.
- 04/06/2020
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Bank of New York Mellon Corp Has $22.45 Million Holdings in Penske Automotive Group, Inc. (NYSE:PAG)
- Bank of New York Mellon Corp lessened its holdings in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 14.9% during the 4th quarter, HoldingsChannel reports. The fund owned 447,104 shares of the company’s stock after selling 78,141 shares during the period. Bank of New York Mellon Corp’s holdings in Penske Automotive Group were worth $22,454,000 […]
- 04/06/2020
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Penske Automotive Group, Inc. (NYSE:PAG) Expected to Announce Earnings of $1.22 Per Share
- Equities analysts expect that Penske Automotive Group, Inc. (NYSE:PAG) will announce earnings per share of $1.22 for the current quarter, Zacks reports. Two analysts have issued estimates for Penske Automotive Group’s earnings. The highest EPS estimate is $1.38 and the lowest is $1.07. Penske Automotive Group reported earnings of $1.25 per share in the same […]
- 04/06/2020
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Is Murphy Oil Corporation (MUR) A Good Stock To Buy?
- Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]
- 04/06/2020
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Hedge Funds Are Selling Foot Locker, Inc. (FL)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/06/2020
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Penske Automotive Group, Inc. (NYSE:PAG) Expected to Post Quarterly Sales of $5.64 Billion
- Equities research analysts expect Penske Automotive Group, Inc. (NYSE:PAG) to post $5.64 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Penske Automotive Group’s earnings. The highest sales estimate is $5.91 billion and the lowest is $5.38 billion. Penske Automotive Group reported sales of $5.56 billion in the […]
- 04/05/2020
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Stephens Trims Penske Automotive Group (NYSE:PAG) Target Price to $45.00
- Penske Automotive Group (NYSE:PAG) had its price target cut by Stephens from $60.00 to $45.00 in a research note released on Tuesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the stock. A number of other analysts have also recently weighed in on PAG. Morgan Stanley reduced their price target on Penske Automotive […]
- 04/04/2020
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AutoNation, other public dealer groups furlough thousands of workers due to coronavirus
- Automotive retailers are cutting executive pay and laying off or furloughing thousands of workers as U.S. auto sales plummet amid the coronavirus pandemic.
- 04/03/2020
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