PAG Stock Summary and Trading Ideas (Penske Automotive Group | NYSE:PAG)

Penske Automotive Group operates in nearly 20 us states and overseas. It has about 150 us light-vehicle stores including in Puerto Rico as well as 189 franchised dealerships overseas, primarily in the United Kingdom but also in Continental Europe and Japan. The company is the third-largest us-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 19 CarShop used-vehicle stores in the us and UK The company is based in Bloomfield Hills, Michigan.

Penske Automotive Group trades on the NYSE stock market under the symbol PAG.

As of April 24, 2024, PAG stock price climbed to $153.18 with 194,829 million shares trading.

PAG has a beta of 0.77, meaning it tends to be less sensitive to market movements. PAG has a correlation of 0.15 to the broad based SPY ETF.

PAG has a market cap of $10.27 billion. This is considered a Large Cap stock.

Last quarter Penske Automotive Group reported $7 billion in Revenue and $3.45 earnings per share. This beat revenue expectation by $62 million and missed earnings estimates by -$.24.

In the last 3 years, PAG stock traded as high as $180.84 and as low as $72.35.

The top ETF exchange traded funds that PAG belongs to (by Net Assets): VTI, IJH, VB, VBR, DFAT.

PAG has underperformed the market in the last year with a return of +10.4%, while the SPY ETF gained +24.1%. In the last 3 month period, PAG fell short of the market, returning +2.1%, while SPY returned +4.5%. However, in the most recent 2 weeks PAG has outperformed the stock market by returning +2.0%, while SPY returned -1.7%.

PAG support price is $149.60 and resistance is $154.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAG stock will trade within this expected range on the day.