Penske Automotive crushed Q2 expectations with a 6.7% EPS beat and 11.1% revenue growth, then raised the dividend for the 23rd straight quarter, but an unsolicited take-private proposal from Penske Corporation and Mitsui & Co. now hangs over the stock with uncertain outcome.
Penske Automotive Group :
PAG
PAG
Stock Data
$216.40
$0.64 (0.30%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
AUTO & TRUCK DEALERSHIPS
Penske Automotive Group Inc is a leading transportation services company with a global presence, specializing in automotive and commercial truck dealerships. With operations spanning across several segments, including Retail Automotive and Retail Commercial Truck, Penske offers a comprehensive range of services. These services encompass the sale of new and used vehicles, maintenance and repair, finance and insurance products, and more. The company also deals in heavy and medium duty trucks, including brands like Freightliner and Western Star, and distributes a variety of vehicles and parts. Founded in 1990, Penske is headquartered in Bloomfield Hills, Michigan.
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