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Penske Automotive Group Inc Stock Research

PAG

162.56USD-2.48(-1.50%)Market Closed
Watchlist

Market Summary

USD162.56-2.48
Market Closed
-1.50%

PAG Alerts

  • 1 major insider sales recently.

PAG Stock Price

PAG RSI Chart

PAG Valuation

Market Cap

10.9B

Price/Earnings (Trailing)

8.84

Price/Sales (Trailing)

0.38

EV/EBITDA

6.35

Price/Free Cashflow

9.24

PAG Price/Sales (Trailing)

PAG Profitability

EBT Margin

6.28%

Return on Equity

30.31%

Return on Assets

9.1%

Free Cashflow Yield

10.82%

PAG Fundamentals

PAG Revenue

Revenue (TTM)

28.7B

Revenue Y/Y

8.13%

Revenue Q/Q

1.76%

PAG Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-19.57%

Earnings Q/Q

0.84%

Price Action

52 Week Range

94.01180.84
(Low)(High)

Last 7 days

0.8%

Last 30 days

-3.5%

Last 90 days

3.8%

Trailing 12 Months

57.8%

PAG Financial Health

Current Ratio

1.01

Debt/Equity

0.39

Debt/Cashflow

0.82

PAG Investor Care

Dividend Yield

1.46%

Dividend/Share (TTM)

2.37

Buy Backs (1Y)

11.20%

Diluted EPS (TTM)

17.57

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for PAG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-01
KURNICK ROBERT H JR
sold
-1,826,820
166
-10,997
president
2023-08-09
BARR JOHN
sold
-490,470
163
-3,000
-
2023-06-05
Hulgrave Michelle
sold
-290,260
145
-2,000
evp & cfo
2023-06-05
Spradlin Shane M.
sold
-463,766
141
-3,284
evp, gen. counsel & sec.
2023-06-01
PENSKE ROGER S
sold (taxes)
-5,835,930
138
-42,158
chair & ceo
2023-06-01
Denker Claude H III
sold (taxes)
-583,621
138
-4,216
evp - human resources
2023-06-01
KURNICK ROBERT H JR
sold (taxes)
-1,167,520
138
-8,434
president
2023-06-01
Spradlin Shane M.
sold (taxes)
-583,621
138
-4,216
evp, gen. counsel & sec.
2023-06-01
Hulgrave Michelle
sold (taxes)
-220,381
138
-1,592
evp & cfo
2023-05-03
MCWATERS KIMBERLY J
sold
-1,206,410
141
-8,524
-

1–10 of 50

Which funds bought or sold PAG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
1,415
9,498
-%
2023-08-24
Alberta Investment Management Corp
unchanged
-
491,436
3,299,270
0.03%
2023-08-24
INVICTUS PRIVATE WEALTH, LLC
unchanged
-
63,589
426,906
0.05%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
sold off
-100
-850,860
-
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-1.94
390,595
2,929,420
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-27.86
-755,942
4,207,410
0.01%
2023-08-21
VisionPoint Advisory Group, LLC
new
-
667
667
-%
2023-08-16
Nuveen Asset Management, LLC
reduced
-13.22
192,637
9,979,640
-%
2023-08-16
CreativeOne Wealth, LLC
added
120
382,000
622,000
0.02%
2023-08-15
Retirement Group, LLC
unchanged
-
166
4,166
-%

1–10 of 48

Latest Funds Activity

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

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

Recent SEC filings of Penske Automotive Group

View All Filings
Date Filed Form Type Document
Sep 20, 2023
8-K
Current Report
Sep 05, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Sep 01, 2023
144
Notice of Insider Sale Intent
Aug 11, 2023
4
Insider Trading

Peers (Alternatives to Penske Automotive Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
311.2B
154.9B
-4.07% 14.89%
19.17
2.01
-0.23% -3.86%
57.1B
15.2B
0.04% 34.91%
25.3
3.75
10.79% 5.71%
47.5B
17.1B
5.45% 21.20%
19.2
2.78
8.20% 2.84%
12.9B
28.1B
0.64% -0.94%
27.95
0.46
-16.27% -52.34%
MID-CAP
10.9B
28.7B
-3.50% 57.78%
8.84
0.38
7.74% -12.15%
8.3B
29.3B
0.55% 31.58%
7.54
0.28
10.99% -13.31%
7.4B
22.2B
9.11% 22.16%
12.85
0.33
4.57% 5.07%
6.8B
26.7B
-4.12% 43.37%
5.65
0.25
0.26% -19.30%
4.7B
14.9B
3.04% 47.98%
5.06
0.32
8.81% 19.77%
3.6B
11.2B
-11.85% -62.91%
10.34
0.32
1.42% -28.99%
SMALL-CAP
1.3B
10.8B
-0.81% 138.96%
9.18
0.12
33.09% 75.40%
903.1M
6.5B
-20.59% -25.67%
6.59
0.13
-8.44% -86.10%
556.1M
1.4B
-17.00% 25.79%
27.22
0.4
17.56% -78.50%
97.4M
1.2B
-38.60% -50.21%
10.2
0.08
-15.08% -91.16%

Penske Automotive Group News

Automotive News
Penske Automotive Group-Hedin bid for Pendragon rejected.
Automotive News,
15 hours ago

Returns for PAG

Cumulative Returns on PAG

16.8%


10-Year Cumulative Returns

21.6%


7-Year Cumulative Returns

28.9%


5-Year Cumulative Returns

52.6%


3-Year Cumulative Returns

Risks for PAG

What is the probability of a big loss on PAG?

56.5%


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

Financials for Penske Automotive Group

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue2.0%28,74028,17827,81527,09926,67626,75625,55525,07124,54521,20920,44420,52320,51922,62423,17922,72722,41822,60322,78522,74422,610
Gross Profit0.7%4,8954,8594,8394,8354,8144,7594,4414,1603,9513,3213,1853,1533,0663,3813,4563,3973,3803,4023,4153,4153,385
  S&GA Expenses1.2%3,3113,2713,2243,1993,1643,0962,9632,7982,6832,3872,3652,4242,4532,6692,6932,6532,6432,6502,6462,6482,631
EBITDA-100.0%-2,0342,0992,1042,1052,0751,8251,7121,5501,043876756615735796------
EBITDA Margin-100.0%-0.07*0.08*0.08*0.08*0.08*0.07*0.07*0.06*0.05*0.04*0.04*0.03*0.03*0.03*------
Interest Expenses31.0%17813611392.0086.0093.0095.00142145159169172184205205202197194190188180
Earnings Before Taxes-5.6%1,6691,7691,8591,8851,8941,8581,6081,4511,286884708584431529592579577594604605587
EBT Margin-100.0%-0.06*0.07*0.07*0.07*0.07*0.06*0.06*0.05*0.04*0.03*0.03*0.02*0.02*0.03*------
Net Income-5.6%1,2371,3101,3801,3931,4081,3731,1881,077968674544445315387436432446463471703667
Net Income Margin-100.0%-0.05*0.05*0.05*0.05*0.05*0.05*0.04*0.04*0.03*0.03*0.02*0.02*0.02*0.02*------
Free Cashflow-100.0%-1,3901,4591,1701,2551,4331,2921,6821,3341,2291,202707998639518------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets2.8%14,79714,39614,11513,58813,50413,66613,46512,71913,30713,22213,24713,01012,87613,81713,94313,69013,36113,57510,90510,52710,571
  Current Assets5.5%5,0864,8234,6644,2104,1324,2664,0753,5774,1424,3594,4094,3494,4185,3965,3345,1885,0755,2835,0954,8664,958
    Cash Equivalents18.9%12010110792.0015517010111916595.0050.0093.0015943228.0078.0044.0044.0039.0038.0046.00
  Inventory6.9%3,8813,6303,5093,1473,0553,1203,1292,5982,9373,2783,4263,2103,4264,2634,2614,0443,9784,1044,0403,7833,895
  Net PPE2.2%2,6252,5672,4972,4162,4022,4152,4422,3792,4102,3732,4042,3382,2942,2982,3662,3092,3092,2762,2502,1782,145
  Goodwill2.1%2,2092,1632,1552,1132,1402,1572,1242,0512,0711,9291,9281,9011,8781,8691,9111,8771,7491,7611,7521,6931,701
Liabilities3.4%10,38710,0449,9409,5009,2859,5029,3708,8539,5449,7379,9219,92610,09911,10911,13111,03010,70010,9148,2707,9158,045
  Current Liabilities6.5%5,0694,7614,7134,3134,2154,4134,2753,8374,4034,5894,6754,1094,6905,2295,4515,3475,1705,3765,0484,8264,906
  Long Term Debt2.5%1,7441,7011,6221,6381,4861,4631,4741,4251,5181,5811,6902,3022,1372,6212,3602,3792,2282,2132,2172,0862,152
    LT Debt, Current59.6%13082.0075.0076.0079.0079.0082.0068.0082.0088.0088.0086.0083.0010510397.0093.0095.0092.0093.0092.00
    LT Debt, Non Current-0.4%1,6141,6201,5471,5621,4081,3841,3921,3571,4361,4931,6022,2162,0542,5162,2572,2832,1342,1182,1251,9932,060
Shareholder's Equity0.7%4,3824,3514,1484,0644,2194,1644,0953,8663,7633,4853,3263,0842,7782,7082,8122,6592,6612,6612,6352,6122,526
  Retained Earnings0.5%4,6584,6364,4834,5054,5074,3374,1973,9223,6033,2993,1512,9852,7382,6932,6762,6082,5242,4392,3662,2992,200
  Additional Paid-In Capital-------42.00111284318312301296296320317357428478488484
Shares Outstanding-2.5%67.0069.0070.0072.0076.0077.0078.0080.0081.0081.0080.0080.0080.0081.0081.0082.0083.0084.0085.0085.0085.00
Minority Interest-1.8%28.0028.0027.0025.0025.0026.0025.0024.0024.0023.0024.0019.0018.0018.0018.0020.0021.0020.0026.0029.0029.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-14.8%1,1841,3901,4591,1701,2551,4331,2921,6821,3341,2291,202707998639518739502531614692720
Cashflow From Investing8.6%-546-597-641-831-648-754-623-424-420-138-136-117-458-498-532-737-421-406-525-364-624
Cashflow From Financing21.4%-668-850-798-349-604-600-615-1,231-918-1,437-1,053-582-4242503.0039.00-81.70-132-94.30-326-70.60
  Dividend Payments4.3%16716015415014714414314010469.0068.0068.00101133131129127124121118115
  Buy Backs7.8%94687886967654541328122041.005.0029.0030.0073.0014416918714473.0069.0056.0066.00

PAG Income Statement

2023-06-30
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:    
Total revenues$ 7,468.5$ 6,906.9$ 14,807.5$ 13,882.3
Cost of sales:    
Total cost of sales6,195.55,669.912,282.211,413.6
Gross profit1,273.01,237.02,525.32,468.7
Selling, general, and administrative expenses858.1817.71,703.01,615.5
Depreciation34.131.768.063.6
Operating income380.8387.6754.3789.6
Floor plan interest expense(30.8)(9.0)(58.7)(16.5)
Other interest expense(24.2)(17.0)(45.0)(33.5)
Equity in earnings of affiliates74.5138.0156.6257.6
Income before income taxes400.3499.6807.2997.2
Income taxes(97.7)(123.7)(205.0)(251.8)
Net income302.6375.9602.2745.4
Less: Income attributable to non-controlling interests1.81.93.13.5
Net income attributable to Penske Automotive Group common stockholders$ 300.8$ 374.0$ 599.1$ 741.9
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)$ 4.41$ 4.93$ 8.72$ 9.70
Shares used in determining basic earnings per share (in shares)68,175,82575,793,23968,689,10676,501,402
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)$ 4.41$ 4.93$ 8.72$ 9.70
Shares used in determining diluted earnings per share (in shares)68,190,82875,817,11968,704,10976,525,282
Amounts attributable to Penske Automotive Group common stockholders:    
Net income$ 302.6$ 375.9$ 602.2$ 745.4
Less: Income attributable to non-controlling interests1.81.93.13.5
Net income attributable to Penske Automotive Group common stockholders$ 300.8$ 374.0$ 599.1$ 741.9
Cash dividends per share (in dollars per share)$ 0.66$ 0.50$ 1.27$ 0.97
Retail automotive dealership    
Revenue:    
Total revenues$ 6,406.0$ 5,997.3$ 12,705.8$ 12,026.5
Cost of sales:    
Total cost of sales5,320.14,937.310,557.39,915.8
Retail commercial truck dealership    
Revenue:    
Total revenues919.2768.71,814.81,561.0
Cost of sales:    
Total cost of sales772.4632.71,521.01,283.8
Commercial vehicle distribution and other    
Revenue:    
Total revenues143.3140.9286.9294.8
Cost of sales:    
Total cost of sales$ 103.0$ 99.9$ 203.9$ 214.0

PAG Balance Sheet

2023-06-30
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS  
Cash and cash equivalents$ 119.6$ 106.5
Accounts receivable, net of allowance for doubtful accounts of $6.7 and $6.6890.6906.7
Inventories3,881.33,509.1
Other current assets194.9141.9
Total current assets5,086.44,664.2
Property and equipment, net2,624.52,496.5
Operating lease right-of-use assets2,389.12,416.1
Goodwill2,208.92,154.7
Other indefinite-lived intangible assets718.6690.9
Equity method investments1,709.11,636.9
Other long-term assets60.355.3
Total assets14,796.914,114.6
LIABILITIES AND EQUITY  
Floor plan notes payable1,706.71,565.7
Floor plan notes payable — non-trade1,465.11,430.6
Accounts payable943.5853.5
Accrued expenses and other current liabilities823.1788.1
Current portion of long-term debt130.175.2
Total current liabilities5,068.54,713.1
Long-term debt1,613.61,546.9
Long-term operating lease liabilities2,308.62,335.7
Deferred tax liabilities1,156.61,121.0
Other long-term liabilities239.9223.1
Total liabilities10,387.29,939.8
Commitments and contingent liabilities (Note 10)
Penske Automotive Group stockholders' equity:  
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding0.00.0
Common stock0.00.0
Additional paid-in capital0.00.0
Retained earnings4,657.94,483.3
Accumulated other comprehensive income (loss)(275.8)(335.3)
Total Penske Automotive Group stockholders' equity4,382.14,148.0
Non-controlling interest27.626.8
Total equity4,409.74,174.8
Total liabilities and equity14,796.914,114.6
Non-voting Common Stock  
Penske Automotive Group stockholders' equity:  
Common stock0.00.0
Class C Common Stock  
Penske Automotive Group stockholders' equity:  
Common stock$ 0.0$ 0.0
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.