New insider activity at Penske Automotive Group ( (PAG) ) has taken place on February 20, 2025.
EVP HR Claude Denker has sold 8,746 shares of Penske Automotive Group stock, amounting to a total value of $1,513,320.
Recent Updates on PAG stock
Penske Automotive Group has seen positive developments recently, as highlighted by the increase in its Q4 revenue to $7.7 billion, marking a 6% rise and setting a new quarterly record. This financial performance was bolstered by a strong increase in earnings per share, which rose by 25% to $3.54. The company announced its 17th consecutive quarterly dividend increase, demonstrating its commitment to returning value to shareholders. These financial achievements were driven by strategic acquisitions and effective cost management, including a reduction in selling, general, and administrative expenses, which contributed to the positive sentiment around the stock. Despite facing challenges in the used vehicle and electric vehicle segments, Penske’s strategic growth and strong liquidity position indicate a promising outlook. JPMorgan’s analyst cited these robust earnings and strategic positioning as factors for adjusting their price target, while noting a temporary sectoral ‘breather’ expected before further growth.
More about Penske Automotive Group
YTD Price Performance: 14.20%
Average Trading Volume: 172,753
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $11.45B
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