Penske Automotive Group, Inc. $PAG Shares Sold by Royal Bank of Canada

Royal Bank of Canada trimmed its position in Penske Automotive Group, Inc. (NYSE:PAG) by 34.6% in the first quarter, Holdings Channel reports. The firm owned 27,383 shares of the company’s stock after selling 14,466 shares during the quarter. Royal Bank of Canada’s holdings in Penske Automotive Group were worth $4,094,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Navalign LLC acquired a new stake in shares of Penske Automotive Group during the fourth quarter worth $26,000. International Assets Investment Management LLC acquired a new position in shares of Penske Automotive Group in the 4th quarter valued at about $30,000. Rothschild Investment LLC boosted its holdings in shares of Penske Automotive Group by 37.5% in the 4th quarter. Rothschild Investment LLC now owns 242 shares of the company’s stock valued at $38,000 after buying an additional 66 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Penske Automotive Group during the 1st quarter valued at about $42,000. Finally, Global Retirement Partners LLC raised its stake in Penske Automotive Group by 186.6% during the fourth quarter. Global Retirement Partners LLC now owns 321 shares of the company’s stock worth $51,000 after acquiring an additional 209 shares during the period. Institutional investors own 77.08% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michelle Hulgrave sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $171.80, for a total value of $257,700.00. Following the sale, the chief financial officer directly owned 17,596 shares in the company, valued at $3,022,992.80. This trade represents a 7.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg C. Smith sold 1,488 shares of Penske Automotive Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $160.02, for a total value of $238,109.76. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 52.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PAG. Morgan Stanley reissued an “overweight” rating and issued a $190.00 target price on shares of Penske Automotive Group in a report on Thursday, May 7th. Citigroup lowered Penske Automotive Group from a “buy” rating to a “neutral” rating and upped their target price for the company from $199.00 to $210.00 in a report on Thursday, July 23rd. Benchmark downgraded Penske Automotive Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. UBS Group set a $190.00 price target on Penske Automotive Group in a report on Friday, July 10th. Finally, Stephens boosted their price objective on Penske Automotive Group from $166.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Penske Automotive Group presently has an average rating of “Moderate Buy” and a consensus price target of $207.88.

Key Penske Automotive Group News

Here are the key news stories impacting Penske Automotive Group this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $13.65 from $13.43, above the current consensus estimate of $13.61. The firm also increased Q3 2026 EPS to $3.48 from $3.47, supporting the view that Penske’s earnings outlook remains resilient. Penske Automotive Group estimates
• Positive Sentiment: Longer-term forecasts were also raised: Q2 2027 EPS increased to $3.55 from $3.49, Q2 2028 EPS to $3.76 from $3.64, and FY2028 EPS to $15.03 from $14.94. These upgrades may provide a bullish counterweight to the reductions in other periods. Penske Automotive Group estimates
• Neutral Sentiment: The revisions are limited to analyst estimates rather than a new company announcement or change in operating guidance. Investors may therefore view the overall impact as modest, particularly after PAG’s recent quarterly results exceeded EPS and revenue expectations. Penske Automotive Group financial results
• Negative Sentiment: Zacks lowered several forecasts, including FY2027 EPS to $14.15 from $14.30, Q1 2027 EPS to $3.38 from $3.45, Q3 2027 EPS to $3.57 from $3.66, Q4 2027 EPS to $3.65 from $3.70, Q1 2028 EPS to $3.70 from $3.71, and Q4 2026 EPS to $3.50 from $3.53. The reductions indicate some pressure on portions of the earnings outlook. Penske Automotive Group estimate changes

Penske Automotive Group Stock Up 0.6%

PAG stock opened at $219.96 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.98 and a debt-to-equity ratio of 0.36. Penske Automotive Group, Inc. has a fifty-two week low of $140.12 and a fifty-two week high of $227.00. The firm’s 50-day simple moving average is $196.28 and its 200 day simple moving average is $172.62. The stock has a market cap of $14.44 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 2.91 and a beta of 0.84.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Wednesday, July 29th. The company reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.42 by $0.20. Penske Automotive Group had a net margin of 2.81% and a return on equity of 14.78%. The firm had revenue of $8.51 billion during the quarter, compared to analyst estimates of $7.98 billion. During the same period in the previous year, the business posted $3.78 EPS. Penske Automotive Group’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Penske Automotive Group, Inc. will post 13.61 EPS for the current year.

Penske Automotive Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $1.44 dividend. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.76 dividend on an annualized basis and a yield of 2.6%. Penske Automotive Group’s dividend payout ratio is currently 41.83%.

Penske Automotive Group Profile

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.