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Penske Automotive Group Inc Stock Research

PAG

132.82USD+1.01(+0.77%)Market Closed

Market Summary

USD132.82+1.01
Market Closed
0.77%

PAG Alerts

PAG Stock Price

PAG RSI Chart

PAG Valuation

Market Cap

9.3B

Price/Earnings (Trailing)

6.71

Price/Sales (Trailing)

0.33

EV/EBITDA

5.14

Price/Free Cashflow

6.34

PAG Price/Sales (Trailing)

PAG Profitability

EBT Margin

6.68%

Return on Equity

33.27%

Return on Assets

9.78%

Free Cashflow Yield

15.76%

PAG Fundamentals

PAG Revenue

Revenue (TTM)

27.8B

Revenue Y/Y

11.37%

Revenue Q/Q

1.32%

PAG Earnings

Earnings (TTM)

1.4B

Earnings Y/Y

-4.27%

Earnings Q/Q

-12.38%

Price Action

52 Week Range

88.96155.36
(Low)(High)

Last 7 days

-1.7%

Last 30 days

-10.0%

Last 90 days

18.3%

Trailing 12 Months

32.1%

PAG Financial Health

Current Ratio

0.99

Debt/Equity

0.39

Debt/Cashflow

0.89

PAG Investor Care

Dividend Yield

1.56%

Dividend/Share (TTM)

2.07

Buy Backs (1Y)

10.17%

Diluted EPS (TTM)

18.55

Peers (Alternatives to Penske Automotive Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
287.5B
157.4B
-4.48% -8.67%
16.81
1.83
4.13% 4.09%
50.6B
14.4B
-3.77% 15.78%
23.27
3.51
8.12% 0.37%
44.3B
16.6B
-9.27% 15.68%
18.34
2.67
9.40% 5.72%
9.1B
31.6B
-16.85% -41.80%
15.86
0.29
7.73% -52.09%
MID-CAP
9.3B
27.8B
-10.01% 32.05%
6.71
0.33
8.84% 16.18%
6.6B
11.2B
-22.83% -47.92%
13.09
0.59
1.43% -18.54%
5.9B
27.0B
-13.37% 9.90%
4.31
0.22
4.41% 0.32%
5.8B
28.2B
-17.52% -33.88%
4.63
0.21
23.46% 18.01%
5.7B
23.4B
-7.70% 29.37%
8.48
0.24
35.05% 69.54%
4.4B
15.4B
-13.37% 14.02%
4.4
0.28
66.05% 78.54%
SMALL-CAP
1.3B
10.8B
2.29% 92.05%
7.94
0.12
47.82% 180.33%
804.4M
7.0B
-18.57% -34.19%
5.87
0.12
0.77% -50.82%
473.8M
1.3B
-4.64% -13.46%
7.61
0.35
25.02% -44.81%
129.1M
1.3B
-8.86% -41.55%
1.94
0.1
7.44% -19.05%
92.2M
-
64.08% -52.53%
1.2K
0.29
- -

Financials for Penske Automotive Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.6%27,81527,09926,67626,75625,555
Gross Profit0.1%4,8394,8354,8144,7594,441
  S&GA Expenses0.8%3,2243,1993,1643,0962,963
EBITDA-0.2%2,0992,1042,1052,075-
EBITDA Margin-2.8%0.08*0.08*0.08*0.08*-
Earnings Before Taxes-1.4%1,8591,8851,8941,8581,608
EBT Margin-3.9%0.07*0.07*0.07*0.07*-
Interest Expenses22.2%11392.0086.0093.0095.00
Net Income-1.0%1,3801,3931,4081,3731,188
Net Income Margin-3.5%0.05*0.05*0.05*0.05*-
Free Cahsflow24.7%1,4591,1701,2551,433-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.9%14,11513,58813,50413,66613,465
  Current Assets10.8%4,6644,2104,1324,2664,075
    Cash Equivalents15.4%10792.00155170101
  Inventory11.5%3,5093,1473,0553,1203,129
  Net PPE3.4%2,4972,4162,4022,4152,442
  Goodwill2.0%2,1552,1132,1402,1572,124
Liabilities4.6%9,9409,5009,2859,5029,370
  Current Liabilities9.3%4,7134,3134,2154,4134,275
  Long Term Debt10.2%1,6381,4861,4631,474-
    LT Debt, Current-1.1%75.0076.0079.0079.0082.00
    LT Debt, Non Current-1.0%1,5471,5621,4081,3841,392
Shareholder's Equity2.1%4,1484,0644,2194,1644,070
  Retained Earnings-0.5%4,4834,5054,5074,3374,197
  Additional Paid-In CapitalNaN%----42.00
Shares Outstanding-3.5%70.0072.0075.0077.0078.00
Minority Interest9.4%27.0025.0025.0026.0025.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations24.7%1,4591,1701,2551,4331,292
Cashflow From Investing22.8%-641-831-648-754-623
Cashflow From Financing-128.5%-798-349-604-600-615
  Dividend Payments2.9%154150147144143
  Buy Backs28.7%869676545413281

Risks for PAG

What is the probability of a big loss on PAG?

66.5%


Probability that Penske Automotive Group stock will be more than 20% underwater in next one year

20%


Probability that Penske Automotive Group stock will be more than 30% underwater in next one year.

19.2%


Probability that Penske Automotive Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PAG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Penske Automotive Group was unfortunately bought at previous high price.

Drawdowns

Returns for PAG

Cumulative Returns on PAG

17.4%


10-Year Cumulative Returns

22.3%


7-Year Cumulative Returns

28.1%


5-Year Cumulative Returns

78.0%


3-Year Cumulative Returns

What are the long-term rolling returns for PAG?

FIve years rolling returns for Penske Automotive Group.

Annualized Returns

Which funds bought or sold PAG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
6.31
186,849
961,849
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-10.09
25,000
528,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-4.14
97,785
919,785
-%
2023-02-27
Parallax Volatility Advisers, L.P.
added
27.42
225,971
687,971
-%
2023-02-22
CVA Family Office, LLC
unchanged
-
1,321
6,321
-%
2023-02-21
MACQUARIE GROUP LTD
unchanged
-
423,000
3,289,000
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
added
41.93
60,513
152,513
-%
2023-02-21
Empowered Funds, LLC
sold off
-100
-1,686,000
-
-%
2023-02-21
Empirical Finance, LLC
added
0.7
66,584
445,584
0.05%
2023-02-17
TRUIST FINANCIAL CORP
added
2.4
370,568
2,267,570
-%

1–10 of 41

Latest Funds Activity

Are funds buying PAG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PAG
No. of Funds

Penske Automotive Group News

MarketBeat

Wedge Capital Management L L P NC Acquires Shares of 1788 ....

MarketBeat,
25 hours ago

Nasdaq

Simply Wall St

Best Stocks

Simply Wall St

Schedule 13G FIlings of Penske Automotive Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 08, 2022
dimensional fund advisors lp
4.6%
3,594,674
SC 13G/A
Dec 21, 2021
mitsui & co ltd
17.0%
13,322,205
SC 13D/A
Feb 12, 2021
dimensional fund advisors lp
5.3%
4,241,667
SC 13G

PAG Fair Value

Penske Automotive Group fair value in different scenarios

The table shows the Fair Value estimates for Penske Automotive Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

167.82

26.35%

207.30

56.08%

298.30

124.59%

363.60

173.75%

449.37

238.33%
Current Inflation

156.32

17.69%

190.63

43.53%

267.63

101.50%

322.47

142.79%

394.82

197.26%
Very High Inflation

141.91

6.84%

170.13

28.09%

231.13

74.02%

274.22

106.46%

331.46

149.56%

Historical Penske Automotive Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Penske Automotive Group

View All Filings
Date Filed Form Type Document
Mar 16, 2023
PRE 14A
PRE 14A
Mar 10, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading

Latest Insider Trading transactions for PAG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-08
BARR JOHN
sold
-290,620
145
-2,000
-
2023-02-22
Spradlin Shane M.
sold
-654,165
149
-4,389
evp, gen. counsel & sec.
2023-02-21
SMITH GREG C
sold
-306,379
151
-2,029
-
2023-02-15
Hulgrave Michelle
acquired
-
-
6,909
evp & cfo
2023-02-15
Denker Claude H III
acquired
-
-
6,909
evp - human resources
2023-02-15
KURNICK ROBERT H JR
acquired
-
-
9,212
president
2023-02-15
PENSKE ROGER S
acquired
-
-
50,668
chair & ceo
2023-02-15
Spradlin Shane M.
acquired
-
-
6,909
evp, gen. counsel & sec.
2022-12-14
STEINHART RONALD G
acquired
-
-
2,029
-
2022-12-14
PENSKE GREGORY W
acquired
-
-
2,678
-

1–10 of 50

Roger S. Penske
25000
Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. 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. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts. It also operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as a range of used trucks, and maintenance and repair services. In addition, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks, buses, and Dennis Eagle refuse collection vehicles with associated parts in Australia, New Zealand, and portions of the Pacific. Further, the company distributes diesel and gas engines, and power systems. The company operates 320 retail automotive franchises, including 146 franchises located in the United States and 174 franchises located outside of the United States; 23 CarShop used vehicle dealerships in the United States and the United Kingdom; and 37 commercial truck dealerships in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho, Kansas, Missouri, and Oregon, as well as Canada. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.

PAG Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:   
Total revenues$ 27,814.8$ 25,554.7$ 20,443.9
Cost of sales:   
Total cost of sales22,976.021,113.917,259.4
Gross profit4,838.84,440.83,184.5
Selling, general and administrative expenses3,223.72,962.92,364.5
Depreciation127.3121.5115.5
Operating income1,487.81,356.4704.5
Floor plan interest expense(52.4)(26.2)(46.3)
Other interest expense(70.4)(68.6)(111.0)
Debt redemption costs0.0(17.0)(8.6)
Loss on investment0.0(11.4)0.0
Equity in earnings of affiliates494.2374.5169.0
Income from continuing operations before income taxes1,859.21,607.7707.6
Income taxes(473.0)(416.3)(162.7)
Income from continuing operations1,386.21,191.4544.9
Income from discontinued operations, net of tax0.01.30.4
Net income1,386.21,192.7545.3
Less: Income attributable to non-controlling interests6.24.91.7
Net income attributable to Penske Automotive Group common stockholders$ 1,380.0$ 1,187.8$ 543.6
Basic earnings per share attributable to Penske Automotive Group common stockholders:   
Continuing operations (in dollars per share)$ 18.55$ 14.88$ 6.74
Discontinued operations (in dollars per share)0.000.010.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)$ 18.55$ 14.89$ 6.74
Shares used in determining basic earnings per share (in shares)74,394,79979,746,10680,594,856
Diluted earnings per share attributable to Penske Automotive Group common stockholders:   
Continuing operations (in dollars per share)$ 18.55$ 14.88$ 6.74
Discontinued operations (in dollars per share)0.000.010.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)$ 18.55$ 14.89$ 6.74
Shares used in determining diluted earnings per share (in shares)74,394,79979,746,10680,594,856
Amounts attributable to Penske Automotive Group common stockholders:   
Income from continuing operations$ 1,386.2$ 1,191.4$ 544.9
Less: Income attributable to non-controlling interests6.24.91.7
Income from continuing operations, net of tax1,380.01,186.5543.2
Income from discontinued operations, net of tax0.01.30.4
Net income attributable to Penske Automotive Group common stockholders$ 1,380.0$ 1,187.8$ 543.6
Cash dividends per share (in dollars per share)$ 2.07$ 1.78$ 0.84
Retail automotive dealership   
Revenue:   
Total revenues$ 23,694.7$ 22,513.3$ 17,928.8
Cost of sales:   
Total cost of sales19,568.318,643.115,147.5
Retail commercial truck dealership   
Revenue:   
Total revenues3,541.32,465.72,060.9
Cost of sales:   
Total cost of sales2,986.22,048.81,780.0
Commercial vehicle distribution and other   
Revenue:   
Total revenues578.8575.7454.2
Cost of sales:   
Total cost of sales$ 421.5$ 422.0$ 331.9

PAG Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Cash and cash equivalents$ 106.5$ 100.7
Accounts receivable, net of allowance for doubtful accounts of $6.6 and $6.8906.7734.0
Inventories3,509.13,129.0
Other current assets141.9111.7
Total current assets4,664.24,075.4
Property and equipment, net2,496.52,442.2
Operating lease right-of-use assets2,416.12,451.4
Goodwill2,154.72,124.1
Other indefinite-lived intangible assets690.9641.5
Equity method investments1,636.91,688.1
Other long-term assets55.341.9
Total assets14,114.613,464.6
LIABILITIES AND EQUITY  
Floor plan notes payable1,565.71,144.8
Floor plan notes payable — non-trade1,430.61,409.9
Accounts payable853.5767.1
Accrued expenses and other current liabilities788.1870.3
Current portion of long-term debt75.282.0
Liabilities held for sale0.00.5
Total current liabilities4,713.14,274.6
Long-term debt1,546.91,392.0
Long-term operating lease liabilities2,335.72,373.6
Deferred tax liabilities1,121.01,060.4
Other long-term liabilities223.1269.0
Total liabilities9,939.89,369.6
Commitments and contingent liabilities (Note 11)
Penske Automotive Group stockholders' equity:  
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding0.00.0
Common stock0.00.0
Additional paid-in capital0.042.2
Retained earnings4,483.34,196.6
Accumulated other comprehensive income (loss)(335.3)(168.8)
Total Penske Automotive Group stockholders' equity4,148.04,070.0
Non-controlling interest26.825.0
Total equity4,174.84,095.0
Total liabilities and equity14,114.613,464.6
Non-voting Common Stock  
Penske Automotive Group stockholders' equity:  
Common stock0.00.0
Class C Common Stock  
Penske Automotive Group stockholders' equity:  
Common stock$ 0.0$ 0.0