Penske Automotive Group Share News

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor on the sale of River States Truck and Trailer (“River States”) to Premier Truck Group (“PTG”), an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. com...

Expands North American Operations to New Market Areas in Wisconsin and Minnesota Expected to Add $200 Million in Estimated Annualized Revenue BLOOMFIELD HILLS, Mich. , June 10, 2024 /PRNewswire/ -- Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. company (NYSE:PAG), announced today the acquisition of River Sta...

BLOOMFIELD HILLS, Mich. , June 4, 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 completed its acquisition of Porsche Centre Brighton and Porsche Centre Doncaster located in Melbourne,...

BLOOMFIELD HILLS, Mich. , May 9, 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 quarterly dividend of $0.96 per share.

Penske Automotive Group, Inc. (NYSE:PAG ) Q1 2024 Earnings Conference Call April 29, 2024 2:00 PM ET Company Participants Tony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and CEO Shelley Hulgrave - Executive Vice President and CFO Rich Shearing - North American Operations Randall Seymore - International Operations Tony Facione - Vice Pres...

Retail Automotive Revenue Increased 3% Gross Margin of 16.7% Increased 40 Basis Points Sequentially Selling, General, & Administrative Expenses as a Percentage of Gross Profit Improved  Sequentially By 30 Basis Points to 70.7% Profitability Impacted by Lower Equity Earnings from PTS and Higher Interest Expense BLOOMFIELD HILLS, Mich. , April 30, 2024 /PRNewswire/ -- Penske Automotive Group, Inc...

WASHINGTON, April 18, 2024 /PRNewswire/ -- Paralyzed Veterans of America proudly celebrates a decade-long partnership with long-time supporter Penske Automotive Group, who donated $1.17 million in 2023 to the nonprofit to support paralyzed veterans nationwide. The amount is composed of donations from generous customers and employees of Penske Automotive Group, along with a matching contribution...

BLOOMFIELD HILLS, Mich. , April 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 it will release financial results for the first quarter ended March 31, 2024, on the morning of Tuesday, April 30, 2024.