We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
I understand that the market’s nasty volatility has most of us bewildered. Where can we hide? Where is the easy money? The real deal remains the same. Over the long run, stocks with the strongest earnings trends will benefit investors. One way to uncover these stocks, is to lean on the Zacks Rank. Stocks in the good graces of our Zacks Rank have the strongest earnings trends. That means that we give you cheat codes of how to beat the market.
Today’s Bull of the Day is one of these stocks. It’s Zacks Rank #1 (Strong Buy) Penke Automotive Group (PAG - Free Report) . Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts.
The reason for the favorable ranks lies in the recent earnings estimate revisions coming from analysts. Over the last sixty days, six analysts have increased their earnings estimates for the current year and next year. The bullish sentiment has pushed up our Zacks Consensus Estimates from $12.58 to $14.71 for the current year while next year’s numbers are up from $11.04 to $13.50.
That means, the company expects a contraction in earnings next year. That is likely a function of the company believing this year’s supply shortage will come to an end.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bull of the Day: Penske Automotive (PAG)
I understand that the market’s nasty volatility has most of us bewildered. Where can we hide? Where is the easy money? The real deal remains the same. Over the long run, stocks with the strongest earnings trends will benefit investors. One way to uncover these stocks, is to lean on the Zacks Rank. Stocks in the good graces of our Zacks Rank have the strongest earnings trends. That means that we give you cheat codes of how to beat the market.
Today’s Bull of the Day is one of these stocks. It’s Zacks Rank #1 (Strong Buy) Penke Automotive Group (PAG - Free Report) . Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. The company engages in the sale of new and used motor vehicles, and related products and services comprise vehicle and collision repair services, as well as placement of finance and lease contracts, third-party insurance products, and other aftermarket products; and wholesale of parts.
The reason for the favorable ranks lies in the recent earnings estimate revisions coming from analysts. Over the last sixty days, six analysts have increased their earnings estimates for the current year and next year. The bullish sentiment has pushed up our Zacks Consensus Estimates from $12.58 to $14.71 for the current year while next year’s numbers are up from $11.04 to $13.50.
That means, the company expects a contraction in earnings next year. That is likely a function of the company believing this year’s supply shortage will come to an end.