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Penske Automotive Amends Services Agreement with Mitsui

Story Highlights
  • Penske Automotive Group amended a services agreement with Mitsui for strategic development.
  • The company increased its dividend and securities repurchase authorization, showing financial growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Protect Your Portfolio Against Market Uncertainty

Penske Automotive Group ( (PAG) ) just unveiled an announcement.

On May 14, 2025, Penske Automotive Group announced an amended services agreement with Mitsui & Co (U.S.A.), Inc., involving strategic development in transportation industries and new technology evaluation. The agreement includes a quarterly fee and a stockholders agreement ensuring board representation for Mitsui based on its stock ownership. Additionally, Penske Automotive’s Board approved a 3.3% increase in quarterly dividends to $1.26 per share and expanded securities repurchase authorization by $250 million, reflecting the company’s ongoing financial growth and commitment to shareholder returns.

The most recent analyst rating on (PAG) stock is a Buy with a $195.00 price target. To see the full list of analyst forecasts on Penske Automotive Group stock, see the PAG Stock Forecast page.

Spark’s Take on PAG Stock

According to Spark, TipRanks’ AI Analyst, PAG is a Outperform.

Penske Automotive Group’s overall score reflects its strong financial performance, including consistent revenue growth and profitability, attractive valuation metrics, and positive earnings call sentiment. Despite these strengths, technical indicators suggest potential short-term volatility, which slightly tempers the otherwise robust outlook.

To see Spark’s full report on PAG stock, click here.

More about Penske Automotive Group

Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and a leading automotive and commercial truck retailer. It operates dealerships in several countries, including the United States, the United Kingdom, and Australia, and is one of the largest retailers of commercial trucks in North America. The company also distributes commercial vehicles and related parts and services, primarily in Australia and New Zealand, and holds a significant ownership interest in Penske Transportation Solutions, which manages a large trucking fleet and provides various transportation and supply chain solutions.

Average Trading Volume: 262,929

Technical Sentiment Signal: Strong Buy

Current Market Cap: $10.85B

Learn more about PAG stock on TipRanks’ Stock Analysis page.

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