Penske Automotive Group, Inc.
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Range $190 – $225
Price Chart
About the company
Penske Automotive Group, Inc. (PAG) is a comprehensive transportation services enterprise, primarily involved in running automotive and commercial truck dealerships. Its business activities are organized into four main segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments.
- CEO
- Roger S. Penske
- IPO
- 1996
- Employees
- 28,600
- HQ
- Bloomfield Hills, MI, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a strong multi-month uptrend, trading well above its 200-day average of 169.32 and its 50-day average of 195.05. It is still near the top of its 52-week range, with the setup favoring consolidation after a powerful advance rather than a broken trend.
Street sentiment is cautious-to-neutral: the consensus is Hold, with 11 Buy, 14 Hold, and 2 Sell ratings. The average target sits at 207.5, below the last close, while recent calls have been mixed, including several target raises alongside downgrades to Neutral/Equalweight.
Momentum in earnings is constructive after two straight EPS beats of 7.1% and 5.9%. Full-year EPS estimates still point higher to 13.50 for 2026 and 14.45 for 2027, so shareholders should watch whether margins and used-car demand keep supporting that path.
Recent activity leans to net selling, but most of the table is automatic award issuance rather than discretionary trading. The only clear open-market signal is a 1,488-share sale by director Greg C. Smith, which outweighs the lone sale-related activity and leaves the pattern mildly cautious.
Profitability is solid, with a 16.1% gross margin, 3.97% operating margin, and 2.81% net margin. Growth is steady rather than explosive: revenue rose 6.0% year over year, while earnings growth was slightly negative at -1.7%; free cash flow was strong at $1.30 billion.
PAG stands out as a scaled automotive retailer with diversified dealership and truck exposure, which supports steadier cash generation than many peers. Valuation is not stretched on earnings at 17.07x, but the market is already pricing in a premium versus the broader auto retail group.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $14.22B
- P/E
- 15.95
- Fwd P/E
- 15.94
- PEG
- -2.90
- P/S
- 0.43
- P/B
- 2.44
- EV/EBITDA
- 13.61
- Div Yield
- 2.60%
- Gross Margin
- 16.12%
- Op Margin
- 3.78%
- Net Margin
- 2.84%
- ROE
- 16.43%
- ROIC
- 5.56%
Latest fiscal year · YoY change
- Revenue
- $31.81B-0.2%
- Gross Profit
- $5.22B-0.0%
- Op Income
- $1.28B
- Net Income
- $935.40M-3.5%
- EPS
- $14.13-2.5%
- OCF Growth
- -17.4%
- FCF Growth
- -19.8%
- 52W High
- $227.00
- 52W Low
- $140.12
- 50D MA
- $198.75
- 200D MA
- $170.43
- Beta
- 0.83
- RSI (14)
- 59
- Avg Volume
- 379.40K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Capital Power reported a strong Q2 with higher EBITDA and AFFO, raised its embedded upside estimate to $1.25 billion, and reiterated full-year guidance while highlighting a new 250-megawatt Meta contract and continued dividend growth.· July 29, 2026
- Adjusted EBITDA rose to $351 million in Q2, up $29 million year over year; AFFO increased to $328 million, up $93 million.
- The company raised its estimated embedded annual adjusted EBITDA upside from about $1 billion to about $1.25 billion.
- Capital Power signed a 250-megawatt long-term energy supply agreement with Meta, expected to start in the second half of 2028 for more than 10 years.
- Management reaffirmed 2026 guidance for adjusted EBITDA of $1.565 billion to $1.765 billion, AFFO of $890 million to $1.01 billion, and sustaining capital of $290 million to $330 million.
- The quarterly dividend was increased by 2% for the year, marking the 13th consecutive year of dividend increases.
Reported Q2 2026 adjusted EBITDA was $351 million, up $29 million versus Q2 2025. AFFO was $328 million, up $93 million year over year. On the year-to-date basis, adjusted EBITDA was $755 million, up $66 million, and AFFO was $482 million, up $29 million. Full-year 2026 guidance was reaffirmed at adjusted EBITDA of $1.565 billion to $1.765 billion, AFFO of $890 million to $1.01 billion, and sustaining capital of $290 million to $330 million. Management also increased its estimate of embedded annual adjusted EBITDA upside to approximately $1.25 billion, from about $1 billion previously. The Meta energy supply agreement covers 250 megawatts, is expected to commence in the second half of 2028, and runs for more than 10 years.
Avik Dey said Alberta is 'open for business' and emphasized that policy clarity and data center demand are improving the investment case across the province and beyond. He framed the Meta agreement as proof that Capital Power can convert embedded merchant capacity into long-duration contracted cash flows without new capital investment. His tone was optimistic but disciplined, repeatedly stressing commercial optimization, capital allocation discipline, and balanced returns.
Kevin MacIntosh highlighted that the company’s embedded annual adjusted EBITDA upside now totals about $1.25 billion, with roughly $400 million to $550 million from contracted upside and $375 million to $700 million from merchant upside. He attributed the increase mainly to recontracting progress, higher CONE assumptions, stronger Alberta pricing expectations, and the Meta contract’s de-risking effect. He reiterated 2026 guidance and noted Q2 adjusted EBITDA of $351 million, AFFO of $328 million, and year-to-date adjusted EBITDA of $755 million and AFFO of $482 million. He also said sustaining capital remains elevated due to a planned maintenance cycle and that the company continues to target a 2% dividend increase for 2026.
Analysts focused on PJM rule changes, Alberta data center demand, Genesee’s capacity potential, the Meta contract, and M&A/development priorities. Management said PJM’s recent RBP and connect-and-manage changes are positive for incumbent generators and that Hummel and Rolling Hills remain strong assets, with more opportunity on the bilateral side. On Alberta, management said Genesee remains a highly attractive site and that discussions with customers are ongoing, but they would not comment on specific projects. They also said the Apollo partnership is active and the deal pipeline is larger, but they remain disciplined and have not yet transacted.
The call painted multiple sources of upside: a large existing portfolio, improving power-market fundamentals, and visible contracting wins like the Meta deal. Management sounded confident that recontracting, uprates, and merchant optimization can unlock value with limited new capital, while Alberta and PJM both appear to be getting stronger for incumbent generators. The balance sheet and investment-grade positioning were presented as enablers of flexibility and shareholder returns.
Management acknowledged several risks, including higher sustaining capital from maintenance, continued weakness expected in Alberta spot prices in 2027, and the need for ongoing stakeholder engagement around data center development. They also noted that some solar project timelines have slipped slightly and that M&A opportunities still have not converted into transactions. More broadly, the company’s upside depends on successful recontracting, policy execution, and market pricing holding up as expected.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 26.9%
- Shares Outstanding
- 65.66M
- Float Shares
- 17.64M
of shares held by institutions
382 13F filers
Buy/sell ratio 6.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for PAG, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 2.33M | ▼ 68.12K |
| Vanguard Group Inc | 1.70M | ▼ 11.35K |
| Dimensional Fund Advisors LP | 1.65M | ▲ 200.17K |
| Victory Capital Management Inc | 1.64M | ▼ 11.67K |
| Burgundy Asset Management Ltd. | 885.86K | ▼ 4.50K |
| Bank Of Montreal /Can/ | 825.39K | ▲ 1.06K |
| Vanguard Capital Management LLC | 764.30K | ▲ 6.35K |
| Lsv Asset Management | 678.53K | ▼ 46.20K |
| Charles Schwab Investment Management Inc | 631.65K | ▲ 59.35K |
| Sixth Street Partners Management Company, L.P. | 631.65K | ▲ 631.65K |
| State Street Corp | 625.21K | ▼ 10.46K |
| Morgan Stanley | 584.75K | ▲ 7.08K |
Held by 404 ETFs
Biggest fund positions in PAG by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 3, 26 | Davis Lisa Ann | other | 209 |
| Jun 3, 26 | Hoogendoorn David | other | 12 |
| Jun 3, 26 | Pierce Sandra E. | other | 98 |
| Jun 3, 26 | Duerheimer Wolfgang | other | 195 |
| Jun 3, 26 | SMITH GREG C | other | 178 |
| Jun 3, 26 | SCOTT RAYMOND E | other | 12 |
| May 18, 26 | SMITH GREG C | sell | 1,488 |
| Feb 25, 26 | Spradlin Shane M. | other | 4,992 |
| Feb 25, 26 | Denker Claude H III | other | 4,992 |
| Feb 25, 26 | KURNICK ROBERT H JR | other | 9,984 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our PAG coverage
Recent articles, reports, and earnings notes.

Penske Automotive Group (PAG): Cash Flow and Service Mix
Penske Automotive Group combines strong free cash flow, a resilient service-and-parts mix, and active portfolio upgrades, but leverage and softer earnings keep the stock from looking cheap on every metric.

Penske Automotive Group, Inc. (PAG) rises on take-private bid
Penske Automotive Group, Inc. (PAG) rises after reports of a $210-per-share take-private offer from Penske Corporation and Mitsui & Co. The stock jumped on heavy volume as investors repriced PAG as an event-driven merger situation rather than a standard auto retail name.

The Best Auto Retailers Stocks Right Now (Updated May 2026)
Seven auto retailer stocks ranked by investment quality — Lithia, Penske, and Group 1 Automotive all place, with the two strongest picks saved for the end of the countdown.
Want a deeper read on PAG?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
PENSKE AUTOMOTIVE: Kaskela Law Announces Probe into Adequacy of Proposed $210.00 Per Share Buyout Price – Fair or Inadequately Low for the Company's Shareholders?
businesswire.com · Aug 19
PAG Q2 Earnings Beat Estimates on Auto Sales and Service Growth
zacks.com · Aug 11
SPECIAL COMMITTEE OF PENSKE AUTOMOTIVE GROUP RETAINS FINANCIAL AND LEGAL ADVISORS IN CONNECTION WITH TAKE PRIVATE PROPOSAL
prnewswire.com · Aug 10
Penske Automotive Group, Inc. (PAG) Investigation: Halper Sadeh LLC Investigates Whether the Proposed Buyout of Penske Automotive Group, Inc. for $210.00 Per Share Is Fair to Shareholders
businesswire.com · Aug 7
Penske Automotive Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Penske Automotive Group, Inc. - PAG
businesswire.com · Aug 7
PAG Investors Have Opportunity to Join Penske Automotive Group, Inc. Fraud Investigation with SBS Law
businesswire.com · Aug 5
Penske Automotive Group, Inc. (NYSE:PAG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages
defenseworld.net · Aug 4
PENSKE INVESTIGATION ALERT: Kaskela Law Firm is Investigating Penske Automotive Group, Inc. (PAG) and Encourages PAG Stockholders to Contact the Firm
prnewswire.com · Aug 3
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed August 14, 2026 · Live quote · Not investment advice