PENSKE AUTOMOTIVE GROUP, INC.
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No SEC Form 4 filings for $PAG in the last 30 days.
See all $PAG insider activity →Penske Automotive Group (PAG) is set to be taken private by Motown Acquisition Corp., owned by Penske Corporation and Mitsui & Co., for $212 per share. The company reported increased quarterly and nine-month revenue, but did not provide an earnings call due to the proposed transaction. PAG operates automotive and commercial truck dealerships and has a stake in Penske Transportation Solutions.
Lithia & Driveway's Q2 adjusted net income fell 5% YoY to $227.6M, while EPS rose 9% to $10.03. Six major dealer groups saw combined profit drop 11% to $951M, with all firms reporting declines. Gross profit per new vehicle fell 12.3% to $3,161, with companies using share buybacks to boost EPS. Penske Automotive Group is being acquired for $16.3B. Service and finance operations are increasingly important for profitability.
Penske Automotive Group (PAG) agreed to a $16.3 billion buyout by Penske Corporation and Mitsui & Co. at $212 per share, an 8.84% premium over the Oct. 14 close. The deal includes debt and requires approval from minority shareholders. Lenders include Toyota and Mercedes-Benz finance arms. PAG will delist from the NYSE.
Over the past 7 days, AlphAI's AI scored 4 news stories mentioning PAG (PENSKE AUTOMOTIVE GROUP, INC.). Coverage has skewed bullish: 2 bullish, 1 neutral, and 1 bearish.
Recent PAG coverage spans mergers & acquisitions, financial news and corporate actions.
The announced cash buyout premium is likely to lift PAG shares as investors price in the transaction.
Take‑private deal creates a clear catalyst for the stock.
The buyout will delist PAG, removing its public float and likely driving the share price down as the transaction closes.
Dividend is well‑covered but the take‑private transaction could end the payout soon.
Dividend raise may attract income investors, but the pending buyout likely caps upside.
AlphAI scores every news story that mentions PAG with an AI model for sentiment and relevance, and aggregates insider trades from PENSKE AUTOMOTIVE GROUP, INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Penske Automotive Group (PAG) is set to be taken private by Motown Acquisition Corp., owned by Penske Corporation and Mitsui & Co., for $212 per share. The company reported increased quarterly and nine-month revenue, but did not provide an earnings call due to the proposed transaction. PAG operates automotive and commercial truck dealerships and has a stake in Penske Transportation Solutions.
2 min readLithia & Driveway's Q2 adjusted net income fell 5% YoY to $227.6M, while EPS rose 9% to $10.03. Six major dealer groups saw combined profit drop 11% to $951M, with all firms reporting declines. Gross profit per new vehicle fell 12.3% to $3,161, with companies using share buybacks to boost EPS. Penske Automotive Group is being acquired for $16.3B. Service and finance operations are increasingly important for profitability.
3 min readPenske Automotive Group (PAG) agreed to a $16.3 billion buyout by Penske Corporation and Mitsui & Co. at $212 per share, an 8.84% premium over the Oct. 14 close. The deal includes debt and requires approval from minority shareholders. Lenders include Toyota and Mercedes-Benz finance arms. PAG will delist from the NYSE.
2 min readPhillips 66 (PSX) raised its dividend to $1.33, the largest increase among three companies. Penske Automotive Group (PAG) increased its dividend to $1.46, while Avient (AVNT) raised its to $0.2825. Avient's raise is deemed safest with a 51% free-cash-flow payout ratio, while Phillips 66 has the highest payout ratio at 70%.
3 min readFour companies—Silicon Motion (SIMO), Penske Automotive Group (PAG), Avient (AVNT), and Phillips 66 (PSX)—raised their dividends. SIMO increased its payout by 15%, PAG by 1.4%, AVNT by 2.7%, and PSX by 4.7%. Each company's financial health and growth prospects vary, with PSX having the strongest cash flow coverage.
3 min readPenske Automotive Group's average price target increased to $210.33 from $207.43, with a range of $210-$212, implying 1% downside from the Oct. 16 close. Analysts' consensus rating remains 'Hold' (2 Buys, 9 Holds, 1 Sell).
1 min readFour NYSE-listed companies—RPM International (RPM), Lockheed Martin (LMT), Penske Automotive Group (PAG), and Thor Industries (THO)—recently increased their quarterly dividends. RPM raised its dividend by 5.56% to $0.57 per share, while Lockheed Martin increased its payout to $3.45 per share. Penske Automotive Group lifted its dividend by 1.39% to $1.46 per share, and Thor Industries raised its dividend by 3.85% to $0.54 per share.
3 min readChipmakers fell, with Nvidia and AMD down 2-3%, while software firms like Salesforce and Adobe rose. FMC Corp dropped 32% after cutting Q3 guidance. Intuit gained 6% on an acquisition. Kimberly-Clark rose 4% on strong earnings. Berkshire Hathaway rose 0.4% after investing in Bending Spoons. The RealReal and Marsh & McLennan also saw gains. CoreWeave and Rocket Lab fell on AI and launch delay concerns. Penske Automotive surged 8% on a go-private deal. Walmart and Crocs rose on upgrades.
6 min readTesla plans to unveil its redesigned Roadster tonight, with reservations at $50,000 and a price of $200,000. CEO Elon Musk downplayed its financial impact. Chinese automakers are targeting Europe for growth, while Canada sees rising EV sales. Penske Automotive Group agreed to go private in a $16.3B deal with Penske Corp and Mitsui & Co.
2 min readBank of America upgraded CarMax (KMX) to 'buy' with a $65 price target, citing market share gains. Dune Oil (DUNE) settled a $3.68M loan for a $2.98M net gain. Snail Inc (SNAL) launched a new game. CoreWeave (CRWV) fell 3% despite revenue growth forecasts. Penske Automotive (PAG) agreed to a $16.3B private takeover. Ericsson (ERIC) rose 9% on 7% sales growth. Marsh & McLennan (MMC) rose 7% on earnings beat. TSMC (TSM) reported 69% net income growth.
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