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Penske Automotive (PAG) Stock Sinks As Market Gains: What You Should Know
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Penske Automotive (PAG - Free Report) closed at $143.63 in the latest trading session, marking a -0.75% move from the prior day. This move lagged the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq lost 0.98%.
Coming into today, shares of the auto dealership chain had gained 10.71% in the past month. In that same time, the Retail-Wholesale sector lost 8.77%, while the S&P 500 lost 3.91%.
Wall Street will be looking for positivity from Penske Automotive as it approaches its next earnings report date. In that report, analysts expect Penske Automotive to post earnings of $4.09 per share. This would mark a year-over-year decline of 14.08%. Meanwhile, our latest consensus estimate is calling for revenue of $6.66 billion, down 4.48% from the prior-year quarter.
PAG's full-year Zacks Consensus Estimates are calling for earnings of $15.08 per share and revenue of $26.65 billion. These results would represent year-over-year changes of -18.71% and -4.18%, respectively.
Investors might also notice recent changes to analyst estimates for Penske Automotive. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.81% higher. Penske Automotive is currently a Zacks Rank #3 (Hold).
In terms of valuation, Penske Automotive is currently trading at a Forward P/E ratio of 9.6. This represents a premium compared to its industry's average Forward P/E of 7.87.
We can also see that PAG currently has a PEG ratio of 6.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Retail and Whole Sales was holding an average PEG ratio of 1.86 at yesterday's closing price.
The Automotive - Retail and Whole Sales industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PAG in the coming trading sessions, be sure to utilize Zacks.com.
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Penske Automotive (PAG) Stock Sinks As Market Gains: What You Should Know
Penske Automotive (PAG - Free Report) closed at $143.63 in the latest trading session, marking a -0.75% move from the prior day. This move lagged the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq lost 0.98%.
Coming into today, shares of the auto dealership chain had gained 10.71% in the past month. In that same time, the Retail-Wholesale sector lost 8.77%, while the S&P 500 lost 3.91%.
Wall Street will be looking for positivity from Penske Automotive as it approaches its next earnings report date. In that report, analysts expect Penske Automotive to post earnings of $4.09 per share. This would mark a year-over-year decline of 14.08%. Meanwhile, our latest consensus estimate is calling for revenue of $6.66 billion, down 4.48% from the prior-year quarter.
PAG's full-year Zacks Consensus Estimates are calling for earnings of $15.08 per share and revenue of $26.65 billion. These results would represent year-over-year changes of -18.71% and -4.18%, respectively.
Investors might also notice recent changes to analyst estimates for Penske Automotive. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.81% higher. Penske Automotive is currently a Zacks Rank #3 (Hold).
In terms of valuation, Penske Automotive is currently trading at a Forward P/E ratio of 9.6. This represents a premium compared to its industry's average Forward P/E of 7.87.
We can also see that PAG currently has a PEG ratio of 6.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Retail and Whole Sales was holding an average PEG ratio of 1.86 at yesterday's closing price.
The Automotive - Retail and Whole Sales industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PAG in the coming trading sessions, be sure to utilize Zacks.com.