Penske Automotive Group (PAG)

• Market cap: $10.9B
• 1 day: -2.58%
• 5 days: -6.99%
• 1 month: 0.42%
• 3 months: 1.67%
• 6 months: -2.23%
• Year to date: 8.94%
• 1 year: 11.61%
• 5 years: 209.71%
• 10 years: 242.24%
• Sector: Consumer Discretionary
• Industry: Auto Dealers & Gasoline Stations

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 45 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 Q4 regulatory filings by fund managers ($100M+ AUM)

11% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 46

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

1% less funds holding

Funds holding: 368 [Q3] → 365 (-3) [Q4]

4% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 127

1.14% less ownership

Funds ownership: 23.97% [Q3] → 22.83% (-1.14%) [Q4]

10% less capital invested

Capital invested by funds: $2.59B [Q3] → $2.32B (-$262M) [Q4]

80% less call options, than puts

Call options by funds: $4.84M | Put options by funds: $24M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $165 1% upside
• Avg. target: $167 2% upside
• High target: $170 4% upside

3 analyst ratings

• positive: 1 33%
• neutral: 1 33%
• negative: 1 33%

JP Morgan Rajat Gupta 78% 1-year accuracy 29 / 37 met price target	1% upside $165	Underweight Maintained	19 Feb 2025
Stephens & Co. Jeff Lick 67% 1-year accuracy 6 / 9 met price target	1% upside $165	Equal-Weight Reiterated	18 Feb 2025
Seaport Global Glenn Chin 80% 1-year accuracy 4 / 5 met price target	4% upside $170	Buy Maintained	22 Nov 2024