Penske Automotive Group, Inc. is a diversified international transportation services company. Co. is also engaged in automotive and commercial truck retailing. Co. operates dealerships in the U.S., the United Kingdom, Canada, Germany, Italy, Japan and Australia retailers of commercial trucks in North America for freightliner. It operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The Retail Automotive segment consists of its retail automotive dealership operations. The Retail Commercial Truck segment consists of its retail commercial truck dealership operations in the U.S. and Canada. We show 59 historical shares outstanding datapoints in our PAG shares outstanding history coverage, used to compute PAG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PAG market cap history over the course of time is important for investors
interested in comparing PAG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PAG versus a peer is one thing; comparing
PAG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PAG can fluctuate over the course of history.
With this page we aim to empower investors researching PAG by allowing them to research the PAG market cap history. |
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Video: The Importance of Market Cap
