Skip to Content

Penske Automotive Group Inc PAG

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Penske's First Quarter Is a Record Despite the Pandemic Keeping U.K. Dealerships Closed

Analyst Note

| David Whiston, CFA, CPA, CFE |

Penske Automotive started 2021 with record first-quarter diluted EPS of $2.26, including a five cent benefit from foreign exchange, which easily beat the Refinitiv consensus of $1.81 and was more than triple the prior-year quarter's $0.64. We are not changing our fair value estimate but may later in the year if results are strong enough when combined with the time value of money adjustment in our model to push our fair value upward.

Read Full Analysis

Company Profile

Business Description

Penske Automotive Group operates in 21 U.S. states and overseas. It has 142 U.S. light-vehicle franchises in Puerto Rico as well as 162 franchises overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with 93% 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 nearly 30 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 17 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.

Contact
2555 Telegraph Road
Bloomfield Hills, MI, 48302-0954
T +1 248 648-2500
Sector Consumer Cyclical
Industry Auto & Truck Dealerships
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2019
Stock Type Cyclical
Employees 23,000

Related