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BLOOMFIELD HILLS, MI—Claude H III Denker, Executive Vice President of Human Resources at Penske Automotive Group, Inc. (NYSE:PAG), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Denker sold 8,746 shares of Penske Automotive common stock on February 14, 2025. The shares were sold at an average price of $173.03, amounting to a total transaction value of approximately $1.51 million. The transaction comes as the $11.46 billion market cap company maintains a strong financial health rating according to InvestingPro analysis, with the stock delivering a 12.5% return year-to-date.
The sale was executed at prices ranging from $172.145 to $175.495. Following this transaction, Denker retains direct ownership of 28,917 shares of the company. This move comes as part of Denker’s ongoing management of his stock portfolio within the company, where he serves as a key executive in the human resources department.
In other recent news, Penske Automotive Group reported strong financial results for the fourth quarter of 2024, with earnings per share (EPS) reaching $3.54, surpassing the consensus estimate of $3.30. The company’s revenue for the quarter was $7.72 billion, exceeding forecasts by $120 million. This growth was largely driven by the Automotive Retail segment, which saw a 9% increase in revenue. Despite these positive results, CFRA analyst Garrett Nelson maintained a Sell rating on Penske Automotive while raising the price target to $140, citing the stock’s premium trading compared to its peers as a concern. Nelson also noted a slowdown in share repurchase activity, with only $59 million in buybacks in 2024, a significant drop from previous years. Penske’s gross margin remained consistent at 16.3%, marking the sixth consecutive quarter of stability. The company continues to focus on acquisitions, anticipating a 5% growth increase, while maintaining SG&A expenses around 70-71%. Penske’s strategic expansion into international markets and focus on premium brands have contributed to its robust performance.
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