Penske Automotive Group Stock News

Strategic Partnership Expected to Elevate Customer Experience Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide BLOOMFIELD HILLS, Mich. , Dec. 2, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across fou...

Penske Automotive Group has compounded NOPAT by 17% annually since 2019, reflecting significant post-pandemic growth and increased earnings power. Despite declining balance sheet efficiency, ROIC has marginally improved from 6.4% to 6.6%, showcasing stable profitability. The firm's intrinsic value has doubled since 2019, with a PEBV of 1.33, indicating attractive valuation and strong future gro...

LOS ANGELES--(BUSINESS WIRE)--CUPRA, the unconventional challenger brand that inspires the world from Barcelona, has begun preliminary talks with Penske Automotive Group to explore a new partnership ahead of entering the U.S. market by the end of the decade. Since its launch in 2018, CUPRA, the first new automotive brand created within the Volkswagen Group, has sold over 750,000 cars. The brand...

Penske Automotive Group, Inc. (NYSE:PAG ) Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET Company Participants Tony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and Chief Executive Officer Rich Shearing - North American Operations Randall Seymore - International Operations Shelley Hulgrave - Executive Vice President and Chief ...

Quarterly Revenue Increases 2% to $7.6 Billion Record Quarterly Retail Automotive Service and Parts Revenue of $778.0 Million, up 14% Same-Store Retail Automotive Service and Parts Revenue up 7% and Related Gross Profit up 6% Earnings Before Taxes of $304.4 Million and Earnings Per Share of $3.39 BLOOMFIELD HILLS, Mich. , Oct. 29, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), ...

Acquisition Represents Third Porsche Location in Melbourne and 25th Worldwide BLOOMFIELD HILLS, Mich. , Oct. 23, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, has signed an agreement to a...

Represents 16th Consecutive Quarterly Increase Balance Sheet Remains Strong and Leverage Remains Low BLOOMFIELD HILLS, Mich. , Oct. 16, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quar...

BLOOMFIELD HILLS, Mich. , Oct. 15, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers today announced it will release financial results for the three months and nine months ended September 30, 2024, on the morning of Tuesday, October 29, 2024.