Penske Automotive Group
Penske Automotive Group (PAG) is a US listed small-cap stock with a market cap of nearly $3bn. The company forms part of the "Auto Dealership" industry and has a global exposure, although the bulk of revenues are derived from the US market. This stock is well positioned to benefit from the resurgence of the US, which seems to be recovering at a strong pace, and with double-digit growth forecast over the next 5 years, the current price looks like a decent entry point for investors.
PAG is the second largest publicly traded automotive retailer in the US (based on revenue). At the end of March 31st, 2013, the company owned and operated 174 franchises in...
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