PAG Price Prediction Next Week
Analysis and Insights
Fundamental Analysis:
Penske Automotive Group (PAG) has shown strong financial performance, with a recent earnings beat in Q4 2024. Adjusted EPS came in at $3.54, exceeding expectations, and revenue grew 6% year-over-year to $7.72 billion. New vehicle sales rose by 7%, while used vehicle sales increased by 1%, indicating robust demand across segments. The company also announced a dividend increase, reflecting confidence in its financial health.
Technical Analysis:
The stock is currently trading at $168.7, with a neutral RSI of 55-60, suggesting it is not overbought or oversold. The MACD indicates bullish momentum, and the stock is trading above its 50-day SMA. Fibonacci resistance levels are at 169.37 and 171.56, with support at 162.27 and 160.08.
News Sentiment and Analyst Ratings:
BofA raised its price target for PAG to $205 from $195, maintaining a Buy rating. Dealers remain optimistic about 2025, anticipating growth in volumes and stable pricing. This positive sentiment is supported by strong execution and strategic positioning.
Conclusion:
Based on strong earnings, positive analyst sentiment, and favorable technical indicators, the stock is expected to rise. The target price for the next trading week is $172.
Recommendation: Buy PAG at current levels with a target of $172.
PAG Similar Chart Price Prediction
The price of PAG is predicted to go up -27.67%, based on the high correlation periods with AKBA. The similarity of these two price pattern on the periods is 90.87%.
PAG
AKBA
Down: -27.67%Similarity: 90.87%
PAG Revenue Forecast
PAG EPS Forecast
PAG FAQs
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PAG VS S&P500
Auto dealerships are stable, profitable businesses with a diversified stream of earnings coming from parts, service, and used cars.
Parts and service revenue should continue to be lucrative over time because most manufacturers require warranty work to be done at the dealership, and large dealers can more easily afford the technology and training needed to service increasingly more complex vehicles.
Penske is well suited to acquire dealerships because many small dealers do not want to keep paying expensive facility upgrades mandated by the automakers.
PAG Analyst's Forecast
Rajat Gupta
JP Morgan
Sell
2025-02-19
Price Target
$160 → $165
Downside
-2.7%
JPMorgan analyst Rajat Gupta raised the firm's price target on Penske Automotive to $165 from $160 and keeps an Underweight rating on the shares. The firm updated models in the auto dealership space following the Q4 reports. The results were ahead of JPMorgan's above-consensus expectations with U.S.-only companies demonstrating the best same-store gross profit performance as expected, the analyst tells investors in a research note. JPMorgan says that while the risk is to the upside on multiples as sector earnings see a turn in year-over-year profitability, it sees the sector "taking a breather for now before the next 'turn' of cards post spring season."
Glenn Chin
Seaport Global
Strong Buy
2024-11-22
Price Target
$165 → $170
Upside
+3.61%
Adam Jonas
Morgan Stanley
Sell → Buy
2024-09-25
Price Target
$115 → $180
Upside
+11.72%
