Penske Automotive Stock Intrinsic Value – First Trust Advisors LP Sells Shares of Penske Automotive Group, in 2023.

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In 2023, First Trust Advisors LP made the decision to sell off their shares of Penske Automotive ($NYSE:PAG) Group, Inc. Penske Automotive Group, Inc. is a leading international transportation services provider with operations in the United States, Canada and Western Europe. The company operates automotive and commercial truck dealerships in the United States and retail automotive franchises in the United Kingdom, Ireland, Germany, Turkey and Mexico. This sale of shares came after several years of the company’s successful performance in the market. In particular, Penske Automotive Group, Inc. experienced significant growth in revenue and profits over the past several years due to a number of strategic initiatives and investments.

This divestiture represents an opportunity for investors to capitalize on this growth and to invest in a strong company with significant potential for future growth. With the sale of shares, First Trust Advisors LP will be able to take advantage of other opportunities in the market that could potentially offer better returns for the firm’s portfolio. Going forward, Penske Automotive Group, Inc. is expected to continue to grow and build on its success as one of the leading transportation services providers in the world.

Share Price

Currently, there has been positive media coverage surrounding the news, with the stock opening at $138.4 and closing at $137.0 on Monday. This was a 3.4% decrease from the prior closing price of 141.8. Investors will be monitoring the company’s performance leading up the sale to see if it can return to the prior high price or continue to underperform in the market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Penske Automotive. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Penske Automotive. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Penske Automotive. More…

Key Ratios Snapshot

Some of the financial key ratios for Penske Automotive are shown below. More…

Analysis – Penske Automotive Stock Intrinsic Value

GoodWhale has completed an analysis of PENSKE AUTOMOTIVE‘s financials and has determined the fair value of their share to be around $107.4. This figure is calculated using GoodWhale’s proprietary Valuation Line. At the current market price of $137.0, PENSKE AUTOMOTIVE stock appears to be significantly overvalued by 27.6%. Investors should consider this information carefully before making any decisions on the stock. More…

Peers

Penske Automotive Group Inc is an American automotive retailer. It is the second largest publicly traded company in the United States behind AutoNation and is headquartered in Bloomfield Hills, Michigan. The company also owns and operates several automotive websites and a truck leasing and logistics company. Penske Automotive Group operates over 300 retail automotive franchises, representing over 40 different brands. The company also operates in the United Kingdom, Australia, and Mexico. Sonic Automotive Inc is an American automotive retailer.Headquartered in Charlotte, North Carolina, the company operates over 100 dealerships in 15 states. Asbury Automotive Group Inc is an American automotive retailer. As of 2016, Asbury Automotive Group operated 86 dealerships, made up of 77 franchises across the United States. Group 1 Automotive Inc is an American automotive retailer with its headquarters in Houston, Texas. As of 2016, Group 1 Automotive operated 175 dealerships and 153 franchises in the United States and United Kingdom.

– Sonic Automotive Inc ($NYSE:SAH)

Sonic Automotive Inc is a company that operates in the automotive retailing industry. As of 2022, it had a market capitalization of 1.77 billion dollars and a return on equity of 32.11%. Sonic Automotive Inc is a company that operates in the automotive retailing industry. It is based in Charlotte, North Carolina, and was founded in 1997. The company operates dealerships in the United States, and its brands include Audi, BMW, Cadillac, Chevrolet, Jaguar, Land Rover, Lexus, Mercedes-Benz, Porsche, and Volvo.

– Asbury Automotive Group Inc ($NYSE:ABG)

Asbury Automotive Group Inc is one of the largest automotive retailers in the United States. The company operates over 100 dealerships across the country, selling and servicing a variety of makes and models of cars and light trucks. Asbury’s return on equity is impressive, coming in at over 31%. This means that the company is generating a significant amount of profit relative to the amount of equity that shareholders have invested. Asbury’s market cap is just over $3.7 billion, making it a large company but still small enough to be considered nimble in the ever-changing automotive industry.

– Group 1 Automotive Inc ($NYSE:GPI)

Group 1 Automotive Inc is a publicly traded automotive retailer that offers new and used vehicles, parts and services, and financing options through its dealerships. As of 2022, the company had a market capitalization of 2.6 billion dollars and a return on equity of 33.54%. Group 1 Automotive Inc operates in the United States, the United Kingdom, Brazil, and Turkey. The company was founded in 1995 and is headquartered in Houston, Texas.

Summary

Penske Automotive Group, Inc. (PAG) has been under the investor spotlight recently due to First Trust Advisor LP selling a significant portion of its shares. On the same day of the announcement, PAG stock price dropped by a small but noticeable amount. Analysis of the current market sentiment around PAG shows generally positive trends, and the drop may be attributed to a normal market reaction for a large share divestment. Careful monitoring of PAG’s performance and investor sentiment in the coming months is highly advisable for those considering investing in the company.