Penske Automotive Surges 3.2% Since Last Earnings Report: Analyzing What’s Next for the Stock

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Penske Automotive ($NYSE:PAG) has seen significant gains in its stock price since their last earnings report. In the past 30 days, the stock has surged 3.2%, giving investors plenty of reasons to be optimistic. With this momentum, many are wondering if the trend will continue. Examining the company’s earnings estimates can give us an idea of what the future may hold for Penske stock. Penske Automotive is a global automotive retail and services provider. Penske also sells parts and vehicles, provides financing, and services vehicles. Their well-established presence in the automotive market makes them a leader in the industry.

Analyzing the company’s earnings estimates can be a useful tool to see if Penske Automotive can keep up the momentum. Investors should be aware of any changes in analyst estimates as those could have a direct impact on the stock. With a closer look at the company’s numbers, one can get a better understanding of what is in store for Penske’s stock. Given the current surge in Penske Automotive’s stock, investors should look closely at their earnings estimates to determine if the trend can continue. By examining the company’s earnings estimates, investors can get a better idea of what the future holds for its stock. With an in-depth examination of these estimates, investors may be able to capitalize on this growing trend and make informed decisions for their portfolios.

Earnings

PENSKE AUTOMOTIVE‘s recent earnings report was positive, with total revenue surpassing 7339.0M USD and net income at 298.3M USD. This was a 5.2% increase in total revenue compared to the previous year, and a 18.9% decrease in net income. Over the last 3 years, PENSKE AUTOMOTIVE has seen significant growth, as their total revenue has grown from 5773.8M USD to 7339.0M USD. The outlook for PENSKE AUTOMOTIVE looks bright, and investors are curious as to what the company has in store for the future.

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

As a GoodWhale user, I have been looking into the financials of PENSKE AUTOMOTIVE, and the Star Chart has classified them as a ‘rhino’ – a type of company that has achieved moderate revenue or earnings growth. This makes PENSKE AUTOMOTIVE an attractive target for investors looking for a stable, established company with a track record of delivering returns. In terms of the fundamentals, PENSKE AUTOMOTIVE is strong in dividend, and medium in asset, growth, and profitability. Additionally, PENSKE AUTOMOTIVE’s Health Score is 8/10, indicating that the company is capable to safely ride out any crisis without the risk of bankruptcy. Therefore, investors who are looking for stable returns over the long term could find PENSKE AUTOMOTIVE an attractive investment opportunity. 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. has seen its stock increase 3.2% since its last earnings report in the last 30 days. Analysts are now looking to the future to determine what will happen to the stock. With these estimates, analysts anticipate a continuing positive trend for Penske Automotive Group, Inc. in the near future. Investors will want to monitor the stock to see if these predictions will come true.