Shares of Penske Automotive Group (PAG) shoot up 9.6% after the automotive retailer shows...

|About: Penske Automotive Group, ... (PAG)|By:, SA News Editor

Shares of Penske Automotive Group (PAG) shoot up 9.6% after the automotive retailer shows better-than-expected Q3 profits led by a 16% Y/Y gain in used unit retail sales. CEO Roger Penske says the firm should fully recover to normal production in Q1 after the Japan natural disaster disrupted the supply chain since March.