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PAG

Penske Automotive

$46.27

0.66 (1.45%)

07:05
10/25/18
10/25
07:05
10/25/18
07:05

Penske Automotive reports Q3 adjusted EPS $1.40, consensus $1.36

Reports Q3 revenue $5.66B, consensus $5.83B. Same-store retail revenue increased 0.2%. Excluding foreign exchange, total revenue increased 2.9%, while same-store retail revenue increased 0.5%. Reports same-store retail unit sales down 2.2% to 123,799, with new unit retail sales down 6.6% and used unit retail sales up 2.1%.

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PAG Penske Automotive
$46.27

0.66 (1.45%)

09/21/18
09/21/18
DOWNGRADE
Target $53

Neutral
Penske Automotive downgraded to Neutral on incoming headwinds at Guggenheim
As previously reported, Guggenheim downgraded Penske Automotive to Neutral from Buy and reduced its price target to $53 from $58. Analyst Ali Faghri said shares risk/reward is fairly balanced and sees several near-to medium-term factors that will limit upside due to peaking commercial growth, weakness in UK demand, and unfavorable FX. Faghri adds Class 8 truck demand will remain strong near-term, but sees a truck cycle peak in 2019 as supply/demand starts to normalize.
09/21/18
GUGG
09/21/18
DOWNGRADE
GUGG
Neutral
Penske Automotive downgraded to Neutral from Buy at Guggenheim
08/29/18
MSCO
08/29/18
NO CHANGE
Target $89
MSCO
Overweight
CarMax named top pick among U.S. auto dealers at Morgan Stanley
Morgan Stanley analyst Armintas Sinkevicius raised CarMax (KMX) to number one from number two in his ranking of U.S. auto dealers, bumping Lithia Motors (LAD) to the second spot. As reasons for the move in CarMax to top pick, Sinkevicius cites the company's market share opportunity, its track record of consistent operations and the fact that it is a pure play on the used car market, which is less volatile than the new car market. He maintains an Overweight rating and $89 price target on CarMax shares, listing Penske Automotive (PAG) as his third choice in the group and only other U.S. dealer on which he has an Overweight rating aside from CarMax and Lithia.
08/24/18
RHCO
08/24/18
INITIATION
Target $60
RHCO
Buy
Penske Automotive initiated with a Buy at SunTrust
SunTrust analyst Stephanie Benjamin initiated Penske Automotive with a Buy rating and a price target of $60. The analyst expects the company to outperform in the "difficult" auto dealer market thanks to its diversified business segments which include heavy duty truck retailing, brand mix with strong off-lease opportunities, and its used car expansion strategy. Benjamin adds that Penske Auto's 9-times forward earnings multiple is near the low end of its historical 8- to 13-times range.

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CVR Energy

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TOL

Toll Brothers

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TDS

Telephone and Data

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PKOH

Park-Ohio

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TOL

Toll Brothers

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G

Genpact

$36.41

0.09 (0.25%)

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AL

Air Lease

$37.91

0.68 (1.83%)

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AL

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FLNT

Fluent

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TOL

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ESRT

Empire State Realty

$15.77

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KHC

Kraft Heinz

$31.98

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TOL

Toll Brothers

$38.34

0.82 (2.19%)

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Earnings
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MYL

Mylan

$19.67

0.225 (1.16%)

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CDAY

Ceridian

$51.19

1.04 (2.07%)

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IT

Gartner

$154.12

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PSTG

Pure Storage

$20.60

0.6 (3.00%)

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EXPR

Express

$3.45

0.08 (2.37%)

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OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:20
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Earnings
Ooma narrows FY20 EPS view to (24c)-(19c) from (24c)-(14c), consensus (19c) »

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AVP

Avon Products

$3.20

0.06 (1.91%)

16:20
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Avon Products put buyer closes out long term trade »

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