Consumer Cyclical · Auto - Dealerships
Price
$182.21
Market Cap
$12.0B
Employees
28,700
Beta
0.88
Avg Volume
284,266
CEO
Roger S. Penske
Business Description
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. The company operates a network of automotive dealerships under franchise agreements with various vehicle manufacturers, facilitating the sale of new and pre-owned automobiles. These dealerships also provide essential related services, including vehicle and collision repair, assisting with finance and lease agreements, offering third-party insurance products, and selling various aftermarket items, alongside wholesale parts distribution. In the commercial truck sector, Penske manages dealerships that offer new heavy and medium-duty trucks, notably Freightliner and Western Star brands, as well as a selection of used trucks, complemented by maintenance and repair services. Expanding its global reach, the company imports and distributes Western Star heavy-duty trucks, MAN heavy and medium-duty trucks and buses, and Dennis Eagle refuse collection vehicles, along with their associated parts, across Australia, New Zealand, and parts of the Pacific. Additionally, Penske acts as a distributor for diesel and gas engines and various power systems. Globally, Penske Automotive Group oversees 320 retail automotive franchises, comprising 146 in the United States and 174 internationally. It also operates 23 CarShop used vehicle centers in both the U.S. and the U.K., and 37 commercial truck dealerships situated in Texas, Oklahoma, Tennessee, Georgia, Utah, Idaho, Kansas, Missouri, Oregon, and Canada. The company was established in 1990 and maintains its headquarters in Bloomfield Hills, Michigan.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
12.95
Stock Price: $182.21
EPS (Diluted): 14.13
EPS (Diluted): 14.13
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.88
Stock Price: $182.21
Total Equity: $5.56B
Shares: 66,199,042
Total Equity: $5.56B
Shares: 66,199,042
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.55
Market Cap: $11.98B
Total Debt: $6.26B
Cash: $64.70M
EBITDA: $1.70B
Total Debt: $6.26B
Cash: $64.70M
EBITDA: $1.70B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$19.2B
Market Cap: $11.98B
Total Debt: $6.26B
Cash: $64.70M
Total Debt: $6.26B
Cash: $64.70M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
16.4%
Gross Profit: $5.22B
Revenue: $31.81B
Revenue: $31.81B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
4.0%
Operating Income: $1.28B
Revenue: $31.81B
Revenue: $31.81B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
2.9%
Net Income: $935.40M
Revenue: $31.81B
Revenue: $31.81B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
16.4%
Net Income: $935.40M
Total Equity: $5.56B
Total Equity: $5.56B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
5.7%
Operating Income: $1.28B
Tax Rate: 25.8%
Equity: $5.56B
Total Debt: $6.26B
Cash: $64.70M
Tax Rate: 25.8%
Equity: $5.56B
Total Debt: $6.26B
Cash: $64.70M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.99
Current Assets: $6.19B
Current Liabilities: $6.28B
Current Liabilities: $6.28B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.13
Short-Term Debt: $4.45B
Long-Term Debt: $1.81B
Total Debt: $6.26B
Total Equity: $5.56B
Long-Term Debt: $1.81B
Total Debt: $6.26B
Total Equity: $5.56B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$480.50
Revenue: $31.81B
Shares: 66,199,042
Shares: 66,199,042
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$84.03
Total Equity: $5.56B
Shares: 66,199,042
Shares: 66,199,042
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$11.18
Operating CF: $1.06B
CapEx: -$324.60M
Shares: 66,199,042
CapEx: -$324.60M
Shares: 66,199,042
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.3%
Last Dividend: N/A
Stock Price: $182.21
Stock Price: $182.21
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $935.40M
Net Income: $935.40M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PAG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:46pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $25.6B | $27.8B | $30.9B | $31.9B | $31.8B |
| Cost of Revenue | $21.1B | $23.0B | $25.8B | $26.6B | $26.6B |
| Gross Profit | $4.4B | $4.8B | $5.1B | $5.2B | $5.2B |
| Operating Expenses | $3.1B | $3.4B | $3.7B | $3.8B | $3.9B |
| Operating Income | $1.4B | $1.5B | $1.5B | $1.4B | $1.3B |
| Net Income | $1.2B | $1.4B | $1.1B | $968.9M | $935.4M |
| EBITDA | $1.8B | $2.1B | $1.8B | $1.7B | $1.7B |
| EPS | $14.89 | $18.55 | $15.50 | $14.49 | $14.13 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:46pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $100.7M | $106.5M | $96.4M | $72.4M | $64.7M |
| Total Current Assets | $4.1B | $4.7B | $5.7B | $5.9B | $6.2B |
| Total Assets | $13.5B | $14.1B | $15.7B | $16.7B | $18.4B |
| Current Liabilities | $4.3B | $4.7B | $5.7B | $6.5B | $6.3B |
| Long-Term Debt | $1.4B | $1.5B | $1.4B | $1.1B | $1.8B |
| Total Liabilities | $9.4B | $9.9B | $10.9B | $11.5B | $12.8B |
| Total Equity | $4.1B | $4.1B | $4.7B | $5.2B | $5.6B |
| Retained Earnings | $4.2B | $4.5B | $5.0B | $5.6B | $5.8B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:46pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.3B | $1.5B | $1.1B | $1.2B | $1.1B |
| Capital Expenditure | -$248.9M | -$282.5M | -$375.3M | -$368.7M | -$324.6M |
| Free Cash Flow | $1.0B | $1.2B | $718.3M | $811.1M | $740.2M |
| Acquisitions (net) | -$431.8M | -$393.4M | -$214.9M | $0 | $125.9M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$280.6M | -$869.3M | -$358.7M | -$58.7M | -$159.1M |
| Net Change in Cash | $51.2M | $5.8M | -$10.1M | -$24.0M | -$18.9M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 7:14am (1h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$30.6B $30.5B – $30.7B
|
$32.1B $31.7B – $32.3B
|
$33.1B $31.8B – $34.1B
|
$33.4B $33.2B – $33.7B
|
| EBITDA |
$1.9B $1.9B – $1.9B
|
$2.0B $2.0B – $2.0B
|
$2.1B $2.0B – $2.1B
|
$2.1B $2.1B – $2.1B
|
| Net Income |
$895.2M $886.1M – $904.4M
|
$888.8M $876.3M – $901.3M
|
$958.1M $925.1M – $991.1M
|
$1.0B $983.6M – $1.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:46pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +8.8% | +11.2% | +3.1% | -0.2% |
| Gross Profit Growth | +9.0% | +6.4% | +1.4% | 0.0% |
| Operating Income Growth | +9.7% | -2.5% | -5.5% | -6.5% |
| Net Income Growth | +16.2% | -19.7% | -12.6% | -3.5% |
| EBITDA Growth | +15.6% | -12.4% | -6.2% | -2.0% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 7:14am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-03 | Davis Lisa Ann | A-Award | 209.00 | $0.00 | $0 |
| 2026-06-03 | Hoogendoorn David | A-Award | 12.00 | $0.00 | $0 |
| 2026-06-03 | Pierce Sandra E. | A-Award | 98.00 | $0.00 | $0 |
| 2026-06-03 | Duerheimer Wolfgang | A-Award | 195.00 | $0.00 | $0 |
| 2026-06-03 | SMITH GREG C | A-Award | 178.00 | $0.00 | $0 |
| 2026-06-03 | SCOTT RAYMOND E | A-Award | 12.00 | $0.00 | $0 |
| 2026-05-18 | SMITH GREG C | S-Sale | 1,488.00 | $160.02 | $238,111 |
| 2026-02-25 | Spradlin Shane M. | A-Award | 4,992.00 | $0.00 | $0 |
| 2026-02-25 | Denker Claude H III | A-Award | 4,992.00 | $0.00 | $0 |
| 2026-02-25 | KURNICK ROBERT H JR | A-Award | 9,984.00 | $0.00 | $0 |
| 2026-02-25 | PENSKE ROGER S | A-Award | 39,935.00 | $0.00 | $0 |
| 2026-02-25 | Hulgrave Michelle | A-Award | 4,992.00 | $0.00 | $0 |
| 2026-03-05 | Hoogendoorn David | A-Award | 13.00 | $0.00 | $0 |
| 2026-03-05 | SMITH GREG C | A-Award | 190.00 | $0.00 | $0 |
| 2026-03-05 | Pierce Sandra E. | A-Award | 105.00 | $0.00 | $0 |
| 2026-03-05 | SCOTT RAYMOND E | A-Award | 13.00 | $0.00 | $0 |
| 2026-03-05 | MCWATERS KIMBERLY J | A-Award | 534.00 | $0.00 | $0 |
| 2026-03-05 | Davis Lisa Ann | A-Award | 223.00 | $0.00 | $0 |
| 2026-03-05 | Duerheimer Wolfgang | A-Award | 208.00 | $0.00 | $0 |
| 2026-02-25 | Denker Claude H III | A-Award | 4,994.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:46pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-26 | $1.42 | 2026-05-13 | 2026-05-26 | 2026-06-03 |
| 2026-02-25 | $1.40 | 2026-02-11 | 2026-02-25 | 2026-03-05 |
| 2025-11-14 | $1.38 | 2025-10-15 | 2025-11-14 | 2025-12-02 |
| 2025-08-15 | $1.32 | 2025-07-23 | 2025-08-15 | 2025-09-03 |
| 2025-05-27 | $1.26 | 2025-05-14 | 2025-05-27 | 2025-06-03 |
| 2025-02-24 | $1.22 | 2025-02-13 | 2025-02-24 | 2025-03-06 |
| 2024-11-15 | $1.19 | 2024-10-16 | 2024-11-15 | 2024-12-03 |
| 2024-08-15 | $1.07 | 2024-07-24 | 2024-08-15 | 2024-09-04 |
| 2024-05-17 | $0.96 | 2024-05-09 | 2024-05-20 | 2024-06-04 |
| 2024-02-14 | $0.87 | 2024-01-17 | 2024-02-15 | 2024-03-01 |
| 2023-11-09 | $0.79 | 2023-10-18 | 2023-11-10 | 2023-12-01 |
| 2023-08-09 | $0.72 | 2023-07-19 | 2023-08-10 | 2023-09-01 |
| 2023-05-19 | $0.66 | 2023-05-11 | 2023-05-22 | 2023-06-01 |
| 2023-02-09 | $0.61 | 2023-01-25 | 2023-02-10 | 2023-03-01 |
| 2022-11-09 | $0.57 | 2022-10-20 | 2022-11-10 | 2022-12-01 |
| 2022-08-09 | $0.53 | 2022-07-21 | 2022-08-10 | 2022-09-01 |
| 2022-05-20 | $0.50 | 2022-05-12 | 2022-05-23 | 2022-06-01 |
| 2022-02-09 | $0.47 | 2022-01-26 | 2022-02-10 | 2022-03-01 |
| 2021-11-09 | $0.46 | 2021-10-20 | 2021-11-10 | 2021-12-01 |
| 2021-08-09 | $0.45 | 2021-07-21 | 2021-08-10 | 2021-09-01 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PAG — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30