PAG vs. AZO

Last updated Apr 2, 2026

Compare and contrast key facts about Penske Automotive Group, Inc. (PAG) and AutoZone, Inc. (AZO).

Performance

PAG vs. AZO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Penske Automotive Group, Inc. (PAG) and AutoZone, Inc. (AZO). The values are adjusted to include any dividend payments, if applicable.

PAG vs. AZO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAG Penske Automotive Group, Inc.	-4.95%	7.13%	-2.54%	42.29%	9.22%	84.36%	20.12%	28.91%	-13.21%	-5.10%
AZO AutoZone, Inc.	1.03%	5.92%	23.84%	4.84%	17.64%	76.84%	-0.49%	42.10%	17.85%	-9.93%

Fundamentals

EPS PAG : $13.54 AZO : $142.46
PE Ratio PAG : 11.02 AZO : 24.05
PS Ratio PAG : 0.32 AZO : 3.00
Total Revenue (TTM) PAG : $30.73B AZO : $19.61B
Gross Profit (TTM) PAG : $5.06B AZO : $10.17B
EBITDA (TTM) PAG : $1.61B AZO : $4.19B

Returns By Period

In the year-to-date period, PAG achieves a -4.95% return, which is significantly lower than AZO's 1.03% return. Over the past 10 years, PAG has outperformed AZO with an annualized return of 18.00%, while AZO has yielded a comparatively lower 15.58% annualized return.

PAG

• 1D: -0.24%
• 1M: -4.84%
• YTD: -4.95%
• 6M: -14.10%
• 1Y: 5.25%
• 3Y*: 4.44%
• 5Y*: 15.72%
• 10Y*: 18.00%

AZO

• 1D: 1.44%
• 1M: -11.75%
• YTD: 1.03%
• 6M: -19.34%
• 1Y: -10.14%
• 3Y*: 11.71%
• 5Y*: 19.28%
• 10Y*: 15.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PAG vs. AZO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAG

PAG Risk / Return Rank: 45
PAG Sharpe Ratio Rank: 48
PAG Sortino Ratio Rank: 42
PAG Omega Ratio Rank: 40
PAG Calmar Ratio Rank: 47
PAG Martin Ratio Rank: 48

AZO

AZO Risk / Return Rank: 24
AZO Sharpe Ratio Rank: 23
AZO Sortino Ratio Rank: 21
AZO Omega Ratio Rank: 21
AZO Calmar Ratio Rank: 28
AZO Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAG vs. AZO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Penske Automotive Group, Inc. (PAG) and AutoZone, Inc. (AZO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PAG	AZO	Difference
Sharpe ratio Return per unit of total volatility	0.20	-0.40	+0.60
Sortino ratio Return per unit of downside risk	0.51	-0.39	+0.90
Omega ratio Gain probability vs. loss probability	1.06	0.95	+0.11
Calmar ratio Return relative to maximum drawdown	0.29	-0.40	+0.69
Martin ratio Return relative to average drawdown	0.68	-0.85	+1.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAG vs. AZO - Sharpe Ratio Comparison

The current PAG Sharpe Ratio is 0.20, which is higher than the AZO Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of PAG and AZO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PAG	AZO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	-0.40	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.82	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.60	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.64	-0.44

Correlation

The correlation between PAG and AZO is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PAG vs. AZO - Dividend Comparison

PAG's dividend yield for the trailing twelve months is around 3.59%, while AZO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAG Penske Automotive Group, Inc.	3.59%	3.27%	2.68%	1.73%	1.80%	1.66%	1.41%	3.15%	3.52%	2.63%	2.12%	2.22%
AZO AutoZone, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PAG vs. AZO - Drawdown Comparison

The maximum PAG drawdown since its inception was -83.34%, which is greater than AZO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for PAG and AZO.

Drawdown Indicators

	PAG	AZO	Difference
Max Drawdown Largest peak-to-trough decline	-83.34%	-46.32%	-37.02%
Max Drawdown (1Y) Largest decline over 1 year	-24.03%	-25.48%	+1.45%
Max Drawdown (5Y) Largest decline over 5 years	-24.03%	-25.48%	+1.45%
Max Drawdown (10Y) Largest decline over 10 years	-59.98%	-42.14%	-17.84%
Current Drawdown Current decline from peak	-19.41%	-21.31%	+1.90%
Average Drawdown Average peak-to-trough decline	-23.92%	-10.82%	-13.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.37%	11.88%	-1.51%

Volatility

PAG vs. AZO - Volatility Comparison

The current volatility for Penske Automotive Group, Inc. (PAG) is 6.61%, while AutoZone, Inc. (AZO) has a volatility of 7.50%. This indicates that PAG experiences smaller price fluctuations and is considered to be less risky than AZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAG	AZO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	7.50%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	16.98%	19.74%	-2.76%
Volatility (1Y) Calculated over the trailing 1-year period	26.77%	25.31%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.24%	23.77%	+8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.02%	26.16%	+9.86%

Financials

PAG vs. AZO - Profitability Comparison

The chart below illustrates the profitability comparison between Penske Automotive Group, Inc. and AutoZone, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Penske Automotive Group, Inc. reported a gross profit of 1.24B and revenue of 7.77B. Therefore, the gross margin over that period was 16.0%.

AZO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, AutoZone, Inc. reported a gross profit of 2.24B and revenue of 4.27B. Therefore, the gross margin over that period was 52.5%.

PAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Penske Automotive Group, Inc. reported an operating income of 275.00M and revenue of 7.77B, resulting in an operating margin of 3.5%.

AZO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, AutoZone, Inc. reported an operating income of 698.46M and revenue of 4.27B, resulting in an operating margin of 16.3%.

PAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Penske Automotive Group, Inc. reported a net income of 186.10M and revenue of 7.77B, resulting in a net margin of 2.4%.

AZO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, AutoZone, Inc. reported a net income of 468.86M and revenue of 4.27B, resulting in a net margin of 11.0%.