Penske Automotive Group

Penske Automotive Group, Inc. operates as an international transportation services company. Which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems and related parts & services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other. The Retail Automotive segment consists of retail automotive dealership operations. The Retail Commercial Truck segment is the dealership operations of commercial trucks in the U.S. and Canada. The Other segment comprises commercial vehicle and power systems distribution operation and other non-automotive consolidated operations. The Non-Automotive Investments segment is the equity method investments in non-automotive operations. The company was founded in October 1992 and is headquartered in Bloomfield Hills, MI.

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Penske Automotive Group achieves record revenue and anticipates growth opportunities

PAG delivered robust financial performance in 2022, with record revenue and earnings growth across key segments, reflecting operational excellence.
Strategic capital allocation, focus on operational efficiencies, and anticipation of increased demand position PAG for sustained growth and profitability.
Challenges with rising warranty expenses and market uncertainties underscore the need for prudent cost management and strategic decision-making.
Opportunities in parts and service growth, selective acquisitions, and operational enhancements offer avenues for future expansion and value creation.

Penske Automotive Group reports strong Q1 performance amidst supply challenges

PAG's Q1 performance reflects growth in total units delivered and revenue, with a strong focus on new vehicle sales and profitability. Challenges include supply constraints impacting inventory levels and maintenance costs. Opportunities exist in capitalizing on strong vehicle demand and enhancing operational efficiencies.

Penske Automotive Group reports robust Q2 performance and eyes acquisitions

PAG's Q2 results reflect strong performance in automotive and commercial truck segments, with a focus on cost control and capital allocation. Challenges in maintenance costs and potential pricing pressure are areas of concern. Opportunities lie in strategic acquisitions, rising freight rates, and market dynamics favoring electric vehicles.

Penske Automotive Group reports robust Q3 results amidst operational challenges

PAG showcased strong financial performance despite challenges from the hailstorm in Austin.
The company demonstrated resilience with strategic expansions and improvements in key segments.
Opportunities exist in service optimization, leasing growth, and addressing EV market challenges.
PAG's disciplined approach to capital allocation and operational efficiency underpins its financial strength.

Penske Automotive Group reports robust 2023 performance and eyes truck market expansion

Penske Automotive Group (PAG) delivered strong financial results in 2023, driven by revenue growth and strategic acquisitions. While facing challenges in PTS earnings and high-end car pricing, the company remains optimistic about opportunities in the premier truck segment and battery electric vehicles.

Penske Automotive Group reports revenue growth and strategic acquisitions

Penske Automotive Group (PAG) delivered a successful quarter with revenue growth, franchise expansions, and strategic acquisitions. Despite challenges in retail operations and interest costs, the company remains focused on optimizing profitability and capital allocation for continued growth in Q2.

Penske Automotive Group posts record Q2 revenue and operational growth

Penske Automotive Group demonstrated strong financial performance and operational resilience in Q2 2024, driven by record revenue and solid unit delivery growth.
The company's strategic focus on diversification, cost control, and employee engagement underpins its competitive strength and long-term sustainability.
While challenges persist in maintaining margins and addressing market complexities, Penske Automotive Group remains well-positioned to capitalize on growth opportunities and navigate industry shifts effectively.

Penske Automotive Group reports strong Q3 earnings and eyes international expansion

Penske Automotive Group (PAG) delivered a solid performance in Q3 2024, driven by revenue growth and strong operational results.
Despite challenges in the used car business and stop sale impacts, PAG maintained a consistent gross margin and focused on capital allocation strategies.
The company's international operations and agency system in Europe present promising opportunities for future growth and market expansion.
Overall, PAG's financial health, performance, and strategic focus position it well for continued success and shareholder value creation.

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Penske Automotive Group, Inc. is an international transportation services company, which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems, and related parts and services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other. The Retail Automotive segment includes retail automotive dealership operations. The Retail Commercial Truck segment includes the dealership operations of commercial trucks in the U.S. and Canada. The Other segment focuses on the commercial vehicle and power systems distribution operation, and other non-automotive consolidated operations. The Non-Automotive Investments segment includes equity method investments in non-automotive operations. The company was founded in October 1992 and is headquartered in Bloomfield Hills, MI.

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.

Penske (PAG) Shows Fast-paced Momentum But Is Still a Bargain Stock

Penske Automotive (PAG) is riding high on strategic acquisitions, digital capabilities, balance sheet strength and investor-friendly moves.

What Makes Penske Automotive (PAG) an Attractive Pick?

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Adds $140 Million in Expected Annualized Revenue BLOOMFIELD HILLS, Mich. , Aug. 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 that it has acquired BMW of Wilmington and Porsche Wilmington.

PENSKE AUTOMOTIVE GROUP ACQUIRES BMW AND PORSCHE DEALERSHIPS IN WILMINGTON, NORTH CAROLINA

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.

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NEW YORK , Aug. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400: Penske Automotive Group Inc. (NYSE: PAG) will replace Univar Solutions Inc. (NYSE: UNVR) in the S&P MidCap 400 effective prior to the opening of trading on Friday, August 4. Apollo Global Management Inc. (NYSE: APO) acquired Univar Solutions in a deal that closed today.

Erie Indemnity and Penske Automotive Group Set to Join S&P MidCap 400

While Penske (PAG) pulls off a comprehensive earnings beat in Q2, earnings decline 11% year over year despite sales growth amid adverse forex.

Penske (PAG) Q2 Earnings Mark 13th Straight Quarter of Beat

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.

Penske Automotive Group, Inc. (PAG) Q2 2023 Earnings Call Transcript

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.

Compared to Estimates, Penske (PAG) Q2 Earnings: A Look at Key Metrics

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.

Penske Automotive (PAG) Q2 Earnings and Revenues Beat Estimates

Penske Automotive Group's shares have significantly increased since January, driven by strong revenue growth, stock buybacks, and dividend increases. However, bottom line results have weakened. Despite a 5.2% increase in sales to $7.34bn in Q1 2023, net profits declined by 18.9% to $298.3m due to rising costs of acquiring used vehicles and increased supply of certain premium new vehicle brands. Penske is expected to announce Q2 2023 results on July 26th, and investors would be wise to pay special attention for what developments occur.

Penske Automotive Group: Still Looking Good Heading Into Earnings

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.

Penske Automotive hikes quarterly dividend by 9% to 72 cents a share

BLOOMFIELD HILLS, Mich. , July 19, 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 that its Board of Directors has increased the Company's quarterly dividend by $0.06 per share, or 9%, to $0.72 per share.

PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND BY 9%

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.

PENSKE AUTOMOTIVE GROUP SCHEDULES SECOND QUARTER 2023 FINANCIAL RESULTS CONFERENCE CALL

Fast-paced Momentum Stock Penske (PAG) Is Still Trading at a Bargain

Does Penske Automotive (PAG) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Penske Automotive (PAG) a Strong Momentum Stock: Buy Now?

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.

Penske Automotive Group, Inc. (PAG) Hits Fresh High: Is There Still Room to Run?

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.

Will Penske (PAG) Beat Estimates Again in Its Next Earnings Report?

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Expands North American Operations to New Market Area in Manitoba Adds $180 Million in Expected Annualized Revenue BLOOMFIELD HILLS, Mich. , June 5, 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 that it has acquired Transolutions Truck Centres ("TSTC"), a retailer of medium and heavy-duty commercial trucks and buses, located in Winnipeg, Manitoba, Canada.

PENSKE AUTOMOTIVE GROUP ACQUIRES COMMERCIAL TRUCK DEALERSHIPS IN CANADA

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.

Penske raises dividend by 8%

BLOOMFIELD HILLS, Mich. , May 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 that its Board of Directors has authorized an increase in the Company's quarterly dividend by $0.05 per share, or 8%, to $0.66 per share and delegated to management an additional $250 million in authority to repurchase the Company's outstanding securities.

PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND BY 8% AND ANNOUNCES ADDITIONAL SECURITIES REPURCHASE AUTHORITY

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.

Penske (PAG) Q1 Earnings Mark 12th Straight Quarter of Beat

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.

News for Penske Automotive Group Stock (PAG)