October 23, 2020

Penske Automotive Group, Inc.’s (NYSE:PAG) Intrinsic Value Is Potentially 24% Below Its Share Price

How far off is Penske Automotive Group, Inc. (NYSE:PAG) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today’s value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Believe it or not, it’s not too difficult to follow, as you’ll see from our example!

Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

See our latest analysis for Penske Automotive Group

Is Penske Automotive Group fairly valued?

We’re using the 2-stage growth model, which simply means we take in account two stages of company’s growth.

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Asbury Automotive Group Reports Preliminary Results and Schedules Third Quarter 2020 Earnings Call | News

DULUTH, Ga., Oct. 14, 2020 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported preliminary financial results for the three months ended September 30, 2020. Asbury expects net income per diluted share to be between $4.88 and $4.96, and adjusted net income per diluted share (a non-GAAP measure) to be between $4.00 and $4.08, which would be an increase of between 72% and 75% from the prior year quarter adjusted net income per diluted share of $2.33.  Net income for the third quarter 2020 is expected to be adjusted for a $24.7 million ($0.96 per diluted share) gain on a dealership divestiture, $1.3 million ($0.05 per diluted share) of acquisition related costs and a $0.7 million ($0.03 per diluted share) real estate related charge.

The company expects same store

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Group 1 Automotive Schedules 2020 Third Quarter Earnings Release, Conference Call and Webcast

HOUSTON, Oct. 13, 2020 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today announced that it will release financial results for the third quarter ended September 30, 2020, on Thursday, October 29, 2020, before market open.  Earl J. Hesterberg, Group 1’s president and chief executive officer, and the company’s senior management team will host a conference call to discuss the results later that morning at 10 a.m. ET.

The conference call will be simulcast live on the Internet at www.group1auto.com.  Click on ‘Investor Relations’ and then ‘Events’ or through this link: https://www.group1corp.com/events. A webcast replay will be available for 30 days.

The conference call will also be available live by dialing in 10 minutes prior to the start of the call at:

Domestic:

1-888-609-1607



International:

1-862-298-0705

Passcode:

56690934

A telephonic replay will be available

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Group 1 Automotive Schedules 2020 Third Quarter Earnings Release, Conference Call and Webcast | Nachricht

HOUSTON, Oct. 13, 2020 /PRNewswire/ –Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today announced that it will release financial results for the third quarter ended September 30, 2020, on Thursday, October 29, 2020, before market open.  Earl J. Hesterberg, Group 1’s president and chief executive officer, and the company’s senior management team will host a conference call to discuss the results later that morning at 10 a.m. ET.

The conference call will be simulcast live on the Internet at www.group1auto.com.  Click on ‘Investor Relations’ and then ‘Events’ or through this link: http://www.group1corp.com/events. A webcast replay will be available for 30 days.

The conference call will also be available live by dialing in 10 minutes prior to the start of the call at:

Domestic:

1-888-609-1607

International:

1-862-298-0705

Passcode:

56690934

A telephonic replay will be available following the call through November

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Zacks.com featured highlights include: Matson, Rent-A-Center, Williams-Sonoma, RPM International and Group 1 Automotive

For Immediate Release

Chicago, IL – October 13, 2020 – Stocks in this week’s article are Matson, Inc. MATX, Rent-A-Center, Inc. RCII, Williams-Sonoma, Inc. WSM, RPM International Inc. RPM and Group 1 Automotive, Inc. GPI.

The 5 Best Stocks to Buy on Relative Price Strength

The novel coronavirus outbreak triggered an unprecedented sell-off in equities and bonds. Stocks were clobbered and major indices crashed regularly, while in a bizarre turn of events, the U.S. oil futures hit negative territory.

However, over the past few months, markets, securities and crude have rebounded off their pandemic lows. Restrictions have been loosened and the economy has reopened, with activity limping back toward normalcy. Meanwhile, certain drug candidates and treatments offer a ray of hope in the coronavirus fight.  

While the heaviest losses may be in the rear-view mirror, with the S&P 500 and the tech-heavy Nasdaq even attaining their all-time highs in September,

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The Presidio Group Advises Priority Automotive Group on Sale of Honda Dealership

Transaction an important strategic asset management step

The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Priority Automotive Group on the sale of Priority Honda Huntersville.

“We appreciate The Presidio Group’s help in achieving our strategic goals,” said Dennis Ellmer, CEO of Priority Automotive. “While Honda is a great franchise, we wanted to operate dealerships within a tighter geographic focus.”

Priority Automotive Group has dealerships throughout Virginia. The Honda franchise is located near Charlotte, NC. Its sale is part of an ongoing portfolio management strategy to focus on core assets in a specific geographic area.

“We were pleased to be able to assist Priority Automotive Group,” said George Karolis, President of The Presidio Group. “The automotive retail market is very healthy, and the Honda brand is always in demand.”

“We understood the strategic aim of this sale and are pleased

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Former Mercedes-Benz Canada CEO joins Zanchin Automotive Group

NEWMARKET, ON, Oct. 13, 2020 /CNW/ – Mercedes-Benz Newmarket has now officially joined the expanding dealership family of Zanchin Automotive Group, the Zanchin Automotive Group announced today. Under its new ownership, the dealership will be led by the dynamic former president of Mercedes-Benz Canada, Brian Fulton.

Joe Zanchin, CEO of the Zanchin Automotive Group (left), and Brian Fulton, Managing Partner, Mercedes-Benz Newmarket (right). (CNW Group/Zanchin Automotive Group)

Fulton, who will be Managing Partner of the dealership, draws from a deep well of dealer, finance and Mercedes-Benz experience that goes back more than 30 years. President of Mercedes-Benz Canada from 2016 until July of this year, Fulton has seen the automobile retailing business from every side; and, steered successful marketing, sales, finance and dealer satisfaction programs in Canada, the U.S.A. and China.

“Bringing all of the many aspects of automobile retailing together — a high-integrity

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LMP Automotive Holdings agrees to purchase majority stake in N.Y. dealership group for $608 million

The deal includes 20 franchises at 17 rooftops, all in New York. The Atlantic dealerships and storage facility are expected to generate an estimated $1.6 billion in revenue and $38 million in net income on an annualized basis in 2021, LMP said. The deal will be partially financed, which includes seller financing, and funded through company cash. The group will retain ownership of the real estate, which LMP will lease for five years, Staluppi Sr. said.

“It’s a good opportunity for them; it’s a good opportunity for my people,” Staluppi Sr. said. “None of my business will change. All of the employees stay in place. I’m still the boss.”

If all of the acquisitions LMP announced this year close, including Atlantic Auto Group, LMP’s 26 rooftops will represent 33 franchises: five Toyota, two Lexus, three Honda, one Subaru, six Hyundai, three Genesis, three Kia, four Chevrolet, two GMC, two Cadillac

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Jackson Automotive Group CEO deals with crises, one after another

There are so many health concerns around COVID-19. Are your processes different in how you’re handling customers?

I think as Americans, we’re very resilient. As car dealers, we’re even more resilient. You know, when this came out, we had to unfold and rethink the entire business and put up shields and wipe everything down.

We’re car people. I mean, we go and work on a car. You grab lunch. And we never wash our hands. You know what I’m saying?

You’re just always on the run. So I think the entire business has been rethought over the last six months.

And I think that shows, one, how quick we can adapt and the resilience that we do have as car dealers. Because we’re always being thrown something. If it’s not the tariffs, it’s this. If it’s not the downturn, it’s that. If it’s not the recalls — you know

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Why Group 1 Automotive (GPI) Could Beat Earnings Estimates Again

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Group 1 Automotive (GPI), which belongs to the Zacks Automotive – Retail and Whole Sales industry, could be a great candidate to consider.

This auto dealer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 186.19%.

For the last reported quarter, Group 1 Automotive came out with earnings of $3.77 per share versus the Zacks Consensus Estimate of $0.91 per share, representing a surprise of 314.29%. For the previous quarter, the company was expected to post earnings of $1.05 per share and it actually produced earnings of $1.66 per share, delivering a surprise of 58.10%.

Price and EPS Surprise

Thanks in part to this history,

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