Penske Automotive Group's Retail Automotive division is experiencing rapid growth in new car sales and better profit margins, which could lead to increased earnings per share in 2025. In 2024, the company made important acquisitions totaling $786 million, strengthening its assets and preparing for future expansion. Although the commercial truck sector faces difficulties, rising freight activity indicates a possible recovery in 2026.
PAG's results for the fourth quarter show significant growth in retail automotive, surpassing both earnings and revenue expectations. Additionally, their strategic buybacks of shares have increased investor confidence.
Dividends are a major advantage of being a shareholder, but identifying a good dividend stock can be challenging. Is Penske Automotive (PAG) a strong contender?
Penske Automotive Group, Inc. (NYSE:PAG) will hold its Q4 2024 Earnings Conference Call on February 13, 2025, at 2:00 PM ET. Key participants include Tony Pordon, Roger Penske, and Shelley Hulgrave, among others. The call will be recorded and can be replayed on the company's website under the Investors section until February 20, 2025.
The financial results for Penske (PAG) provide an overview of the company's performance for the quarter ending in December 2024. It may be helpful to examine how its important metrics stack up against Wall Street predictions and figures from the previous year.
Penske Automotive (PAG) reported quarterly earnings of $3.54 per share, which is higher than the Zacks Consensus Estimate of $3.37 per share. This is an increase compared to last year's earnings of $3.45 per share.
A strategic partnership is anticipated to enhance customer experience as Penske Automotive Group has acquired Porsche Centre Melbourne, marking its third location in Melbourne and the 25th globally. This acquisition was announced on December 2, 2024, and highlights Penske's status as a leading international transportation services company. The company operates in nine countries across four continents, focusing on automotive and commercial truck retail.
Penske (PAG) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
Since 2019, Penske Automotive Group has increased its NOPAT by 17% each year, showing strong growth after the pandemic and better earnings. Although the efficiency of its balance sheet has decreased, its return on invested capital (ROIC) has slightly risen from 6.4% to 6.6%, indicating steady profitability. The company's intrinsic value has doubled since 2019, and with a PEBV of 1.33, it suggests a good valuation and promising growth ahead.
LOS ANGELES--(BUSINESS WIRE)--CUPRA, the unique challenger brand from Barcelona, has started initial discussions with Penske Automotive Group to consider a new partnership as it plans to enter the U.S. market by the end of the decade. Since its debut in 2018, CUPRA, the first new car brand from the Volkswagen Group, has sold more than 750,000 vehicles. After achieving success in Europe, the brand is now ready to expand its momentum into the United States.