Seeking Alpha
 

Penske Automotive Group, Inc. (PAG)

- NYSE
  • Fri, May 15, 3:38 PM
  • Wed, Feb. 11, 1:37 PM
  • Oct. 3, 2014, 5:36 PM
    | 2 Comments
  • Oct. 2, 2014, 9:40 AM
  • Apr. 3, 2012, 12:32 PM
    Buckingham Research hikes its ratings to Buy on auto retailers Group 1 (GPI +4.4%), Asbury (ABG +3.7%) and Penske (PAG +4.3%) as the best way to play a recovery in U.S. light vehicle sales. "Auto retailers tend to experience strong stock performance during the second quarter, with auto retailer stocks increasing 20% on average during the 2002-2011 period."
    | Comment!
  • Apr. 3, 2012, 10:59 AM
    A number of auto industry-related stocks are running hot amid reports from manufacturers of brisk March auto sales. Advancers: ABG +4.4%, GPI +4.3%, PAG +5.0%, SAH +4.3%, LAD +2.4%.
    | Comment!
  • Mar. 14, 2012, 4:19 PM
    Penske Automotive (PAG +2.8%) finishes the day higher after Sterne Agee raised its 2012 estimates earlier, citing recent acquisitions, a lower share count and continued improvement in U.S. demand. The firm maintains its Buy rating.
    | Comment!
  • Feb. 16, 2012, 11:56 AM
    Gabelli says Penske Automotive (PAG +1.2%)  is still undervalued even at these lofty levels, and should be bought on weakness. Despite flat same-store new unit sales, the firm notes that net profit was up 67% Y/Y on higher overall sales and better pricing, and maintains a Buy rating on the stock.
    | Comment!
  • Jan. 12, 2012, 2:41 PM
    Penske Automotive (PAG +1.9%) expands its U.K. presence with the acquisition a number of dealerships in Belfast from the Isaac Agnew Group. Terms were not disclosed, but the company says the dealerships are expected to contribute approximately $500M in annualized revenue.
    | Comment!
  • Nov. 2, 2011, 1:26 PM
    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.
    | Comment!
Visit Seeking Alpha's
PAG vs. ETF Alternatives
Company Description
Penske Automotive Group Inc is a transportation services company. It operates automotive and commercial vehicle dealership in the United States and Western Europe & distributes commercial vehicles, diesel engines and related parts.
Sector: Services
Country: United States