Penske Automotive Group
About: Penske Automotive Group operates in about 20 us states and overseas. It has over 150 us and Puerto Rico light-vehicle stores as well as 210 franchised dealerships overseas, primarily in the United Kingdom but also in Australia, Continental Europe, and Japan. The company is the third-largest us-based dealership in terms of light-vehicle revenue and sells more than 40 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other segments are service and finance and insurance. The firm's Premier Truck Group owns 46 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns nearly 20 used-vehicle stores, mostly in the us and UK under the CarShop (us) and Sytner Select (UK) brands. Penske is based in Bloomfield Hills, Michigan.
Employees: 28,500
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
42% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 36
4% more funds holding
Funds holding: 351 [Q2] → 366 (+15) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1% less capital invested
Capital invested by funds: $2.59B [Q2] → $2.57B (-$17.4M) [Q3]
2.13% less ownership
Funds ownership: 25.94% [Q2] → 23.81% (-2.13%) [Q3]
27% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 139
48% less call options, than puts
Call options by funds: $21.8M | Put options by funds: $42.1M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Seaport Global Glenn Chin 20% 1-year accuracy 1 / 5 met price target | 8%upside $170 | Buy Maintained | 22 Nov 2024 |
Morgan Stanley Adam Jonas 56% 1-year accuracy 33 / 59 met price target | 14%upside $180 | Overweight Upgraded | 25 Sept 2024 |
Financial journalist opinion
Based on 4 articles about PAG published over the past 30 days
