Penske Automotive Group Inc (NYSE: PAG) has reported earnings for its first fiscal quarter (ending March 31) of $3.21 versus $4.31 for the same period a year ago — a decline of -26%. This result fell short of the consensus estimate of $3.61 by $-0.40. For the latest four quarters through March 31, E.P.S. were $14.38 compared to $18.06 a year ago — a decline of -20%.
Recent Price Action
Penske Automotive Group Inc (NYSE: PAG) stock declined modestly by -1.6% on 4/30/24. The stock closed at $152.91. Moreover, trading volume in this decline was unusually high at 197% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.6% during the last week.
Current PriceTarget Research Rating
PAG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Penske Automotive Group has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Penske Automotive Group has a good Appreciation Score of 72 but a poor Power Rating of 22, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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