Penske Automotive Group (NYSE:PAG) Issues Earnings Results

Penske Automotive Group (NYSE:PAG) released its quarterly earnings data on Thursday. The company reported $3.54 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.17, Zacks reports. Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%.

Penske Automotive Group Price Performance

Shares of PAG stock traded up $13.42 on Thursday, reaching $178.06. 214,018 shares of the company were exchanged, compared to its average volume of 170,449. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 13.65 and a beta of 1.20. The business has a 50-day moving average price of $160.03 and a 200 day moving average price of $160.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. Penske Automotive Group has a 1 year low of $142.32 and a 1 year high of $180.12.

Analyst Ratings Changes

Separately, Benchmark assumed coverage on shares of Penske Automotive Group in a research note on Thursday, December 12th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Penske Automotive Group has a consensus rating of “Hold” and a consensus target price of $170.25.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.