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The Latest Breaking News from Penske Automotive Group Inc

Stock Market Today: Nasdaq 100 Falls as Crude Rallies to $88

U.S. stocks traded in split fashion by midday Wednesday, with a resilient Dow and S&P 500 masking softer breadth as rising oil prices and fresh tariffs kept a lid on risk appetite ahead of the first “Magnificent Seven” earnings of the season.

Group 1 Automotive, Penske Automotive: Management Meetings Reveal Industry Trends

Group 1 Automotive, Penske Automotive: Management Meetings Reveal Industry Trends

Meetings with the top management of Group 1 Automotive Inc (NYSE:GPI) and Penske Automotive Group Inc (NYSE:PAG) highlighted industry trends in tariff responses by OEMs (original equipment manufacturers), new and used vehicle sales, as well as PS (parts and service) trends, according to JPMorgan.

2 Auto Stocks to Buy and 1 to Put on Your Watchlist for Future Gains

2 Auto Stocks to Buy and 1 to Put on Your Watchlist for Future Gains

As new vehicle sales reach milestones, electric vehicles gain prominence, and the auto parts and rentals market experiences robust growth, fundamentally solid auto stocks REV Group (REVG) and Hyster-Yale Materials might be solid buys. However, Penske Automotive (PAG) might be best added to one’s watchlist for future gains. Read on.

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The 3 Best-Performing Auto Dealer Stocks in the Current Economy

Technological advancements and rising demand is expected to boost the automotive industry. Therefore, investors could benefit from fundamentally strong auto dealer stocks Copart (CPRT), Penske Automotive Group (PAG), and Rush Enterprises (RUSHA). These stocks have been performing well despite the macro headwinds. Keep reading.

3 Auto Stocks Picking up Speed This Summer

Irrespective of macroeconomic headwinds, auto demand looks robust. Moreover, consumers are willing to pay more for used cars. Therefore, quality auto stocks Penske Automotive (PAG), AutoNation (AN), and Group 1 Automotive (GPI) could be ideal trading options. Keep reading….

3 Auto Stocks with Significant Upside in Sight

Despite rising interest rates on auto loans and low supply, strong demand should keep the industry afloat even if the economy slips into a recession. Moreover, the integration of advanced technologies is expected to drive the industry’s long-term growth. Given the favorable prospects of the industry, fundamentally sound auto stocks…

Penske Acquires Hyundai, Genesis Dealerships In Indiana

Penske Automotive Group Inc (NYSE:PAG) has acquired Terry Lee Hyundai and Genesis of Noblesville in Indiana, expanding its presence in the Indianapolis metropolitan market. The financial terms were not disclosed. The company expects the acquisition to generate annualized revenue of $80 million. The addition of the Hyundai Motor Co., Ltd. (OTC:HYMTF) and Genesis dealerships brings…

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Penske Automotive Q1 Earnings Exceed Expectations

Penske Automotive Q1 Earnings Exceed Expectations

Penske Automotive Group Inc (NYSE:PAG) reported first-quarter FY22 sales growth of 21% year-on-year to $6.97 billion, beating the consensus of $6.34 billion. Total retail automotive revenue increased 16% to $6.0 billion, or 11% on a same-store basis. The gross profit increased 34.9% Y/Y to $1.2 billion and the gross margin expanded 190 basis…

Penske Truck Leasing Orders 750 All-Electric Ford E-Transit Cargo Vans

Penske Truck Leasing Orders 750 All-Electric Ford E-Transit Cargo Vans

Penske Truck Leasing has ordered 750 all-electric Ford Motor Co (NYSE:F) E-transit cargo vans. The financial terms were not disclosed. Penske Truck Leasing is owned by Penske Corporation, Penske Automotive Group Inc (NYSE:PAG), and Mitsui & Co Ltd (OTC:MITSY). The company will take delivery of its first several vehicles in the next several weeks. Penske's first Ford…

3 Hard-Hit Stocks too Cheap to Ignore: Penske, USANA, and AutoNation

3 Hard-Hit Stocks too Cheap to Ignore: Penske, USANA, and AutoNation

The stock market has remained under pressure amid investors’ concerns about rising commodity prices due to the war in Ukraine and the Fed’s hawkish monetary policy pivot to combat inflation. The market’s turbulence has led several fundamentally sound stocks—including Penske (PAG), USANA Health (USNA), and AutoNation (AN)—to plummet in valuation.…

Penske Automotive Acquires Three BMW MINI Dealerships In UK

Penske Automotive Acquires Three BMW MINI Dealerships In UK

Penske Automotive Group Inc (NYSE:PAG) U.K. subsidiary has acquired three Bayerische Motoren Werke AG (OTC:BMWYY) BMW MINI dealerships and a collision center in the U.K. The dealerships, located in South East England, north of London, complement the company's 32 BMW MINI franchises operated in the U.K. market. Penske Automotive expects the acquisition to generate $250…

5 Cheap Value Stocks to Add to Your Portfolio

5 Cheap Value Stocks to Add to Your Portfolio

Despite the latest federal interest rate hikes, undervalued stocks with impressive financials are expected to deliver solid returns in the coming months. So, we think it could be wise to scoop up quality stocks Moderna (MRNA), Bayer (BAYRY), Henkel (HENKY), AGCO (AGCO), and Penske Automotive (PAG), which are currently trading…

Penske Automotive Q4 Earnings Beat Estimates

Penske Automotive Q4 Earnings Beat Estimates

Penske Automotive Group Inc (NYSE:PAG) reported fourth-quarter FY21 sales growth of 8.3% year-on-year, to $6.296 billion, beating the analyst consensus of $6.22 billion. Total retail automotive revenue increased 7.3% to $5.5 billion, or 4.1% on a same-store basis. The gross profit increased 31.3% Y/Y to $1.2 billion and the gross margin expanded 320…

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