Penske Automotive Group

PAG · NYSE

$212.25+$0.25 (+0.12%)TodayMarket closed · Oct 20, 6:30 PM ET

Prev close $212.00

PAG analyst rating

HoldConsensus of 8 analysts over the last 12 months. 25% rate it a buy.

Strong buy0
Buy2
Hold6
Underperform0
Sell0

12-month price target · 11 analysts

Average $219.06 (+3.2% upside)

Low: $207.05
Now: $212.25
High: $249.90

Upgrades and downgrades

The latest rating actions, newest first

PAG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 6, 2026	Maintains	Neutral	$215.00 → $210.00	50%
Barclays	Oct 6, 2026	Maintains	Overweight	$225.00 → $210.00	28%
Barclays	Aug 19, 2026	Maintains	Overweight	$220.00 → $225.00	28%
JP Morgan	Aug 4, 2026	Maintains	Neutral	$170.00 → $215.00	50%
Stephens & Co.	Aug 3, 2026	Maintains	Equal-Weight	$166.00 → $210.00	54%
Morgan Stanley	Jul 24, 2026	Downgrade	Overweight → Equal-Weight	$190.00 → $210.00	50%
Citigroup	Jul 23, 2026	Downgrade	Buy → Neutral	$199.00 → $210.00	57%
Benchmark	Jul 23, 2026	Downgrade	Buy → Hold	—	27%
Benchmark	Jul 22, 2026	Downgrade	Buy → Hold	—	27%
Barclays	Jul 15, 2026	Maintains	Overweight	$190.00 → $220.00	28%

The case for and against

Updated Oct 17, 2026

Bull case

Penske Automotive Group is supported by a favorable mix of strategic control and improving operating trends, with PC-Mitsui Investors already owning about 75% of shares and now seeking the remaining free-float through an all-cash proposal. The business also has solid fundamental breadth, spanning about 150 U.S. and Puerto Rico light-vehicle stores, 217 overseas franchised dealerships, 45 truck dealerships, and 15 used-vehicle stores, while more than 90% of retail automotive revenue comes from luxury and import brands. Recent results reinforce the positive view, as 2Q26 EBITDA estimates were raised to $385.7M, 2026 EPS estimates to $13.39, truck orders rose 91% Y/Y, and PTS equity income increased 22.5% Y/Y to $40.8M on better utilization and cost control.

Bear case

Penske Automotive Group is viewed negatively because its core auto-retail demand is highly cyclical, with industry demand already suffering 20%+ drawdowns from peak levels and recent weakness in premium luxury and EV sales, including U.S. EV sales down 61% Y/Y after tax credits were removed. Its 72% premium-luxury mix, reliance on OEM incentives, and exposure to inflation, higher rates, and softer consumer confidence create margin and volume pressure, while dealer-OEM conflicts and intense competition add further risk. Despite EBITDA declining from $1.97B in 2023 to $1.44B in 1Q26 TTM, the stock’s valuation expanded to about 9x EBITDA from roughly 5.5x, suggesting elevated downside if operating trends weaken further.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.