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Penske Automotive Group Inc (PAG.N)

PAG.N on New York Stock Exchange

50.68USD
15 Jun 2018
Change (% chg)

$0.27 (+0.54%)
Prev Close
$50.41
Open
$50.25
Day's High
$50.91
Day's Low
$50.24
Volume
137,809
Avg. Vol
112,661
52-wk High
$54.76
52-wk Low
$38.35

Latest Key Developments (Source: Significant Developments)

Penske Automotive Group Reports Q4 EPS of $3.85 From Continuing Operations
Thursday, 8 Feb 2018 06:59am EST 

Feb 8 (Reuters) - Penske Automotive Group Inc ::PENSKE AUTOMOTIVE REPORTS RECORD FOURTH QUARTER RESULTS.Q4 EARNINGS PER SHARE $3.85 FROM CONTINUING OPERATIONS.Q4 ADJUSTED EARNINGS PER SHARE $1.01 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $3.85 FROM CONTINUING OPERATIONS.Q4 REVENUE ROSE 10.4 PERCENT TO $5.4 BILLION.Q4 EARNINGS PER SHARE VIEW $1.00, REVENUE VIEW $5.28 BILLION -- THOMSON REUTERS I/B/E/S.PENSKE AUTOMOTIVE - QTRLY RESULTS INCLUDED $243.4 MILLION BENEFIT RELATED TO U.S. TAX REFORM.  Full Article

Penske Automotive Increases 401(K) Matching Contributions
Wednesday, 31 Jan 2018 04:32pm EST 

Jan 31 (Reuters) - Penske Automotive Group Inc ::PENSKE AUTOMOTIVE INCREASES 401(K) MATCHING CONTRIBUTIONS.PENSKE AUTOMOTIVE GROUP INC - ENHANCED CO'S U.S. 401(K) SAVINGS PLAN,INCREASING CO MATCHING CONTRIBUTIONS FROM 1.5% TO 2.5% OF ELIGIBLE CONTRIBUTIONS.  Full Article

Penske Automotive Signs Agreement To Acquire Car People, A U.K. Used Vehicle Supermarket Group
Tuesday, 12 Dec 2017 06:59am EST 

Dec 12 (Reuters) - Penske Automotive Group Inc ::PENSKE AUTOMOTIVE EXPANDS PRESENCE IN THE UNITED KINGDOM.PENSKE AUTOMOTIVE - SIGNS AGREEMENT TO ACQUIRE CAR PEOPLE, A U.K. USED VEHICLE SUPERMARKET GROUP.PENSKE AUTOMOTIVE GROUP INC - ESTIMATED ACCRETION IS EXPECTED TO BE BETWEEN $0.05 TO $0.07 PER SHARE ON AN ANNUALIZED BASIS FROM DEAL.PENSKE AUTOMOTIVE GROUP INC - ‍CAR PEOPLE IS EXPECTED TO GENERATE ESTIMATED ANNUALIZED REVENUE OF APPROXIMATELY $300 MILLION​.  Full Article

Penske Automotive reports Q3 earnings per share of $1.10
Wednesday, 25 Oct 2017 06:59am EDT 

Oct 25 (Reuters) - Penske Automotive Group Inc -:Penske Automotive reports record third quarter results.Q3 earnings per share $1.10 from continuing operations.Q3 revenue $5.5 billion versus I/B/E/S view $5.31 billion.Q3 earnings per share view $1.08 -- Thomson Reuters I/B/E/S.‍Increases securities repurchase authorization to $200 million​.During Q3, operations in certain markets disrupted by several hurricanes which impacted ability to sell and service vehicles​.Qtrly ‍retail unit sales increased 9.9 pct to 130,257​ units.Qtrly ‍same-store retail revenue down 1 pct​.Qtrly ‍same-store retail unit sales decreased 2.9 pct to 114,941​ units.  Full Article

Penske Automotive sets qtrly cash dividend of $0.33 per share
Wednesday, 11 Oct 2017 07:52am EDT 

Oct 11 (Reuters) - Penske Automotive Group Inc : :Penske Automotive increases dividend.Sets quarterly cash dividend of $0.33per share.Penske Automotive Group Inc - ‍announced that its board of directors has approved an increase in cash dividend to $0.33 per share for Q3 of 2017​.  Full Article

Penske Automotive Group reports pricing of $300 mln senior subordinated notes
Tuesday, 1 Aug 2017 04:20pm EDT 

Aug 1 (Reuters) - Penske Automotive Group Inc ::Penske Automotive Group announces pricing of $300.0 million senior subordinated notes.Penske Automotive Group Inc- announced pricing of $300.0 million aggregate principal amount of fixed rate senior subordinated notes due 2020 at 3.75 pct​.  Full Article

Penske Automotive announces $300 million senior subordinated notes offering
Tuesday, 1 Aug 2017 07:28am EDT 

Aug 1 (Reuters) - Penske Automotive Group Inc :Penske Automotive Group announces $300.0 million senior subordinated notes offering.Penske Automotive Group Inc - ‍intends to offer $300.0 million aggregate principal amount of fixed rate senior subordinated notes due 2020​.Penske Automotive Group - intends to use net proceeds of this offering to repay amounts currently outstanding under company's u.s. Credit agreement.  Full Article

Penske Automotive Q2 earnings per share $1.23 excluding items
Thursday, 27 Jul 2017 06:59am EDT 

July 27 (Reuters) - Penske Automotive Group Inc :Penske automotive reports record second quarter results.Q2 earnings per share $2.20 from continuing operations excluding items.Q2 earnings per share $1.23 excluding items.Q2 earnings per share $1.23 from continuing operations.Q2 revenue $5.4 billion versus i/b/e/s view $5.4 billion.Q2 earnings per share view $1.21 -- Thomson Reuters I/B/E/S.Penske automotive group inc - qtrly automotive retail up 13.0% to 130,127 units.Penske automotive group inc - board of directors increased dividend to its common stock shareholders to $0.32 per share.  Full Article

Penske Automotive increases dividend
Wednesday, 26 Jul 2017 07:51am EDT 

July 26 (Reuters) - Penske Automotive Group Inc :Penske Automotive increases dividend.Sets quarterly cash dividend of $0.32 per share.  Full Article

Penske Truck Leasing to acquire Old Dominion Truck Leasing
Wednesday, 14 Jun 2017 09:05am EDT 

June 14 (Reuters) - Penske Automotive Group Inc ::Penske Truck Leasing agrees to acquire Old Dominion Truck Leasing.Penske Truck Leasing says ‍financial terms were not disclosed​.  Full Article