Shares of Penske Automotive Group Inc. (NYSE:PAG) shot up 4.3% during trading on Monday . The company traded as high as $33.00 and last traded at $32.98, with a volume of 405,752 shares. The stock had previously closed at $31.63.

A number of research firms have commented on PAG. Zacks Investment Research downgraded Penske Automotive Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. TheStreet upgraded Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Friday, May 27th. Buckingham Research restated a “buy” rating on shares of Penske Automotive Group in a research report on Thursday, May 5th. Finally, Sterne Agee CRT restated a “buy” rating on shares of Penske Automotive Group in a research report on Monday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Penske Automotive Group currently has an average rating of “Buy” and a consensus price target of $55.33.

The stock’s 50 day moving average is $35.41 and its 200 day moving average is $36.03. The company has a market cap of $2.84 billion and a price-to-earnings ratio of 8.99.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Tuesday, April 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. During the same quarter in the prior year, the business earned $0.85 earnings per share. The business earned $4.80 billion during the quarter, compared to analyst estimates of $4.79 billion. The firm’s revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that Penske Automotive Group Inc. will post $3.84 EPS for the current fiscal year.

Other hedge funds have bought and sold shares of the company. Mastrapasqua Asset Management Inc. boosted its stake in Penske Automotive Group by 10.2% in the fourth quarter. Mastrapasqua Asset Management Inc. now owns 25,140 shares of the company’s stock valued at $1,064,000 after buying an additional 2,335 shares in the last quarter. Numeric Investors LLC acquired a new stake in Penske Automotive Group during the fourth quarter valued at approximately $1,177,000. Usca Ria LLC boosted its stake in Penske Automotive Group by 36.7% in the fourth quarter. Usca Ria LLC now owns 29,986 shares of the company’s stock valued at $1,270,000 after buying an additional 8,043 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in Penske Automotive Group by 100.0% in the fourth quarter. Atlantic Trust Group LLC now owns 32,000 shares of the company’s stock valued at $1,355,000 after buying an additional 16,000 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Penske Automotive Group by 0.6% in the fourth quarter. Rhumbline Advisers now owns 32,103 shares of the company’s stock valued at $1,359,000 after buying an additional 195 shares in the last quarter.

Penske Automotive Group, Inc is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand.

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