Kendall Capital Management Buys Shares of 7,280 Penske Automotive Group, Inc. $PAG

Posted by Brenda Bartman on Aug 23rd, 2026

Kendall Capital Management bought a new stake in shares of Penske Automotive Group, Inc. (NYSE:PAG – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,280 shares of the company’s stock, valued at approximately $1,303,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Penske Automotive Group in the 2nd quarter worth approximately $417,516,000. Victory Capital Management Inc. increased its holdings in shares of Penske Automotive Group by 6.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,484,075 shares of the company’s stock valued at $234,914,000 after acquiring an additional 92,794 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Penske Automotive Group by 11.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,447,910 shares of the company’s stock valued at $216,489,000 after purchasing an additional 154,443 shares during the last quarter. Diamant Asset Management Inc. grew its position in Penske Automotive Group by 14,852.0% during the 1st quarter. Diamant Asset Management Inc. now owns 884,411 shares of the company’s stock valued at $132,237,000 after purchasing an additional 878,496 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Penske Automotive Group by 39,232.7% during the 4th quarter. Bank of Montreal Can now owns 863,352 shares of the company’s stock valued at $136,660,000 after purchasing an additional 861,157 shares in the last quarter. 77.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PAG. JPMorgan Chase & Co. upped their target price on shares of Penske Automotive Group from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Stephens boosted their price objective on shares of Penske Automotive Group from $166.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings raised Penske Automotive Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $190.00 price objective on shares of Penske Automotive Group in a research report on Thursday, May 7th. Finally, Bank of America increased their target price on Penske Automotive Group from $200.00 to $238.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.50.

Check Out Our Latest Stock Analysis on Penske Automotive Group

Penske Automotive Group Price Performance

Shares of NYSE:PAG opened at $216.71 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.21 and a current ratio of 0.98. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 2.88 and a beta of 0.84. The business has a 50-day simple moving average of $200.13 and a two-hundred day simple moving average of $174.67. Penske Automotive Group, Inc. has a fifty-two week low of $140.12 and a fifty-two week high of $227.00.

Penske Automotive Group (NYSE:PAG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.42 by $0.20. Penske Automotive Group had a net margin of 2.81% and a return on equity of 14.78%. The firm had revenue of $8.51 billion for the quarter, compared to the consensus estimate of $7.98 billion. During the same quarter last year, the firm posted $3.78 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts expect that Penske Automotive Group, Inc. will post 13.61 earnings per share for the current year.

Penske Automotive Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a $1.44 dividend. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.42. This represents a $5.76 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 14th. Penske Automotive Group’s dividend payout ratio is 42.42%.

Insider Transactions at Penske Automotive Group

In other Penske Automotive Group news, CFO Michelle Hulgrave sold 1,500 shares of Penske Automotive Group stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $171.80, for a total value of $257,700.00. Following the completion of the sale, the chief financial officer owned 17,596 shares of the company’s stock, valued at approximately $3,022,992.80. The trade was a 7.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 52.90% of the company’s stock.

Penske Automotive Group Company Profile

(Free Report)

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.