Market Summary
USD132.82+1.01
Market Closed0.77%
PAG Alerts
PAG Stock Price
PAG RSI Chart
PAG Valuation
PAG Price/Sales (Trailing)
PAG Profitability
PAG Fundamentals
PAG Revenue
PAG Earnings
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
PAG Investor Care
Peers (Alternatives to Penske Automotive Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
HD | 287.5B | 157.4B | -4.48% | -8.67% | 16.81 | 1.83 | 4.13% | 4.09% |
ORLY | 50.6B | 14.4B | -3.77% | 15.78% | 23.27 | 3.51 | 8.12% | 0.37% |
AZO | 44.3B | 16.6B | -9.27% | 15.68% | 18.34 | 2.67 | 9.40% | 5.72% |
KMX | 9.1B | 31.6B | -16.85% | -41.80% | 15.86 | 0.29 | 7.73% | -52.09% |
| MID-CAP | ||||||||
PAG | 9.3B | 27.8B | -10.01% | 32.05% | 6.71 | 0.33 | 8.84% | 16.18% |
AAP | 6.6B | 11.2B | -22.83% | -47.92% | 13.09 | 0.59 | 1.43% | -18.54% |
AN | 5.9B | 27.0B | -13.37% | 9.90% | 4.31 | 0.22 | 4.41% | 0.32% |
LAD | 5.8B | 28.2B | -17.52% | -33.88% | 4.63 | 0.21 | 23.46% | 18.01% |
MUSA | 5.7B | 23.4B | -7.70% | 29.37% | 8.48 | 0.24 | 35.05% | 69.54% |
ABG | 4.4B | 15.4B | -13.37% | 14.02% | 4.4 | 0.28 | 66.05% | 78.54% |
| SMALL-CAP | ||||||||
TA | 1.3B | 10.8B | 2.29% | 92.05% | 7.94 | 0.12 | 47.82% | 180.33% |
CWH | 804.4M | 7.0B | -18.57% | -34.19% | 5.87 | 0.12 | 0.77% | -50.82% |
CRMT | 473.8M | 1.3B | -4.64% | -13.46% | 7.61 | 0.35 | 25.02% | -44.81% |
LAZY | 129.1M | 1.3B | -8.86% | -41.55% | 1.94 | 0.1 | 7.44% | -19.05% |
LMPX | 92.2M | - | 64.08% | -52.53% | 1.2K | 0.29 | - | - |
Financials for Penske Automotive Group
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.6% | 27,815 | 27,099 | 26,676 | 26,756 | 25,555 |
| Gross Profit | 0.1% | 4,839 | 4,835 | 4,814 | 4,759 | 4,441 |
| S&GA Expenses | 0.8% | 3,224 | 3,199 | 3,164 | 3,096 | 2,963 |
| EBITDA | -0.2% | 2,099 | 2,104 | 2,105 | 2,075 | - |
| EBITDA Margin | -2.8% | 0.08* | 0.08* | 0.08* | 0.08* | - |
| Earnings Before Taxes | -1.4% | 1,859 | 1,885 | 1,894 | 1,858 | 1,608 |
| EBT Margin | -3.9% | 0.07* | 0.07* | 0.07* | 0.07* | - |
| Interest Expenses | 22.2% | 113 | 92.00 | 86.00 | 93.00 | 95.00 |
| Net Income | -1.0% | 1,380 | 1,393 | 1,408 | 1,373 | 1,188 |
| Net Income Margin | -3.5% | 0.05* | 0.05* | 0.05* | 0.05* | - |
| Free Cahsflow | 24.7% | 1,459 | 1,170 | 1,255 | 1,433 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 3.9% | 14,115 | 13,588 | 13,504 | 13,666 | 13,465 |
| Current Assets | 10.8% | 4,664 | 4,210 | 4,132 | 4,266 | 4,075 |
| Cash Equivalents | 15.4% | 107 | 92.00 | 155 | 170 | 101 |
| Inventory | 11.5% | 3,509 | 3,147 | 3,055 | 3,120 | 3,129 |
| Net PPE | 3.4% | 2,497 | 2,416 | 2,402 | 2,415 | 2,442 |
| Goodwill | 2.0% | 2,155 | 2,113 | 2,140 | 2,157 | 2,124 |
| Liabilities | 4.6% | 9,940 | 9,500 | 9,285 | 9,502 | 9,370 |
| Current Liabilities | 9.3% | 4,713 | 4,313 | 4,215 | 4,413 | 4,275 |
| Long Term Debt | 10.2% | 1,638 | 1,486 | 1,463 | 1,474 | - |
| LT Debt, Current | -1.1% | 75.00 | 76.00 | 79.00 | 79.00 | 82.00 |
| LT Debt, Non Current | -1.0% | 1,547 | 1,562 | 1,408 | 1,384 | 1,392 |
| Shareholder's Equity | 2.1% | 4,148 | 4,064 | 4,219 | 4,164 | 4,070 |
| Retained Earnings | -0.5% | 4,483 | 4,505 | 4,507 | 4,337 | 4,197 |
| Additional Paid-In Capital | NaN% | - | - | - | - | 42.00 |
| Shares Outstanding | -3.5% | 70.00 | 72.00 | 75.00 | 77.00 | 78.00 |
| Minority Interest | 9.4% | 27.00 | 25.00 | 25.00 | 26.00 | 25.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 24.7% | 1,459 | 1,170 | 1,255 | 1,433 | 1,292 |
| Cashflow From Investing | 22.8% | -641 | -831 | -648 | -754 | -623 |
| Cashflow From Financing | -128.5% | -798 | -349 | -604 | -600 | -615 |
| Dividend Payments | 2.9% | 154 | 150 | 147 | 144 | 143 |
| Buy Backs | 28.7% | 869 | 676 | 545 | 413 | 281 |
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 ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
PAG Alerts
Penske Automotive Group News
Schedule 13G FIlings of Penske Automotive Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
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
2022-12-31CONSOLIDATED 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 sales | 22,976.0 | 21,113.9 | 17,259.4 |
| Gross profit | 4,838.8 | 4,440.8 | 3,184.5 |
| Selling, general and administrative expenses | 3,223.7 | 2,962.9 | 2,364.5 |
| Depreciation | 127.3 | 121.5 | 115.5 |
| Operating income | 1,487.8 | 1,356.4 | 704.5 |
| Floor plan interest expense | (52.4) | (26.2) | (46.3) |
| Other interest expense | (70.4) | (68.6) | (111.0) |
| Debt redemption costs | 0.0 | (17.0) | (8.6) |
| Loss on investment | 0.0 | (11.4) | 0.0 |
| Equity in earnings of affiliates | 494.2 | 374.5 | 169.0 |
| Income from continuing operations before income taxes | 1,859.2 | 1,607.7 | 707.6 |
| Income taxes | (473.0) | (416.3) | (162.7) |
| Income from continuing operations | 1,386.2 | 1,191.4 | 544.9 |
| Income from discontinued operations, net of tax | 0.0 | 1.3 | 0.4 |
| Net income | 1,386.2 | 1,192.7 | 545.3 |
| Less: Income attributable to non-controlling interests | 6.2 | 4.9 | 1.7 |
| 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) | 0.00 | 0.01 | 0.00 |
| 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) | 74,394,799 | 79,746,106 | 80,594,856 |
| 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) | 0.00 | 0.01 | 0.00 |
| 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) | 74,394,799 | 79,746,106 | 80,594,856 |
| 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 interests | 6.2 | 4.9 | 1.7 |
| Income from continuing operations, net of tax | 1,380.0 | 1,186.5 | 543.2 |
| Income from discontinued operations, net of tax | 0.0 | 1.3 | 0.4 |
| 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 sales | 19,568.3 | 18,643.1 | 15,147.5 |
| Retail commercial truck dealership | |||
| Revenue: | |||
| Total revenues | 3,541.3 | 2,465.7 | 2,060.9 |
| Cost of sales: | |||
| Total cost of sales | 2,986.2 | 2,048.8 | 1,780.0 |
| Commercial vehicle distribution and other | |||
| Revenue: | |||
| Total revenues | 578.8 | 575.7 | 454.2 |
| Cost of sales: | |||
| Total cost of sales | $ 421.5 | $ 422.0 | $ 331.9 |
PAG Balance Sheet
2022-12-31CONSOLIDATED 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 $6.8 | 906.7 | 734.0 |
| Inventories | 3,509.1 | 3,129.0 |
| Other current assets | 141.9 | 111.7 |
| Total current assets | 4,664.2 | 4,075.4 |
| Property and equipment, net | 2,496.5 | 2,442.2 |
| Operating lease right-of-use assets | 2,416.1 | 2,451.4 |
| Goodwill | 2,154.7 | 2,124.1 |
| Other indefinite-lived intangible assets | 690.9 | 641.5 |
| Equity method investments | 1,636.9 | 1,688.1 |
| Other long-term assets | 55.3 | 41.9 |
| Total assets | 14,114.6 | 13,464.6 |
| LIABILITIES AND EQUITY | ||
| Floor plan notes payable | 1,565.7 | 1,144.8 |
| Floor plan notes payable — non-trade | 1,430.6 | 1,409.9 |
| Accounts payable | 853.5 | 767.1 |
| Accrued expenses and other current liabilities | 788.1 | 870.3 |
| Current portion of long-term debt | 75.2 | 82.0 |
| Liabilities held for sale | 0.0 | 0.5 |
| Total current liabilities | 4,713.1 | 4,274.6 |
| Long-term debt | 1,546.9 | 1,392.0 |
| Long-term operating lease liabilities | 2,335.7 | 2,373.6 |
| Deferred tax liabilities | 1,121.0 | 1,060.4 |
| Other long-term liabilities | 223.1 | 269.0 |
| Total liabilities | 9,939.8 | 9,369.6 |
| Commitments and contingent liabilities (Note 11) | ||
| Penske Automotive Group stockholders' equity: | ||
| Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding | 0.0 | 0.0 |
| Common stock | 0.0 | 0.0 |
| Additional paid-in capital | 0.0 | 42.2 |
| Retained earnings | 4,483.3 | 4,196.6 |
| Accumulated other comprehensive income (loss) | (335.3) | (168.8) |
| Total Penske Automotive Group stockholders' equity | 4,148.0 | 4,070.0 |
| Non-controlling interest | 26.8 | 25.0 |
| Total equity | 4,174.8 | 4,095.0 |
| Total liabilities and equity | 14,114.6 | 13,464.6 |
| Non-voting Common Stock | ||
| Penske Automotive Group stockholders' equity: | ||
| Common stock | 0.0 | 0.0 |
| Class C Common Stock | ||
| Penske Automotive Group stockholders' equity: | ||
| Common stock | $ 0.0 | $ 0.0 |