Penske Automotive Group found using ticker (PAG) now have 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 160 and 95 and has a mean target at 135.17. Given that the stocks previous close was at 93.19 this would imply there is a potential upside of 45.0%. The day 50 moving average is 99.49 and the 200 moving average now moves to 97.12. The market capitalisation for the company is $7,080m. Company Website: https://www.penskeautomotive.com
The potential market cap would be $10,269m based on the market concensus.
Penske Automotive Group, a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts. It also operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as a range of used trucks, and maintenance and repair services. In addition, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks, buses, and Dennis Eagle refuse collection vehicles with associated parts in Australia, New Zealand, and portions of the Pacific. Further, the company distributes diesel and gas engines, and power systems. The company operates 320 retail automotive franchises, including 146 franchises located in the United States and 174 franchises located outside of the United States; 23 CarShop used vehicle dealerships in the United States and the United Kingdom; and 37 commercial truck dealerships in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho, Kansas, Missouri, and Oregon, as well as Canada. Penske Automotive Group was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.
