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Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Penske Automotive (PAG) for Your Portfolio?
Penske Automotive was upgraded to the Zacks Rank #1 list on May 28, 2022. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Established in 1990, Penske Automotive Group, Inc., based in Bloomfield Hills, MI, engages in the operation of automotive and commercial truck dealerships in the United States, Canada and Western Europe. The company also distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. It employs more than 23,000 people across the globe.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $1.78 to $16.81 per share. PAG boasts an average earnings surprise of 17.7%.
Earnings are forecasted to see growth of 10% for the current fiscal year, and sales are expected to increase 10.8%.
Additionally, PAG has climbed higher over the past four weeks, gaining 11.2%. The S&P 500 is down 0.5% in comparison.
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Penske Automotive could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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Penske Automotive Group, Inc. (PAG) : Free Stock Analysis Report
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