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Penske Automotive Group Inc (PAG.N)

PAG.N on New York Stock Exchange

52.46USD
20 Sep 2018
Change (% chg)

$0.84 (+1.63%)
Prev Close
$51.62
Open
$51.77
Day's High
$52.55
Day's Low
$51.71
Volume
85,543
Avg. Vol
90,212
52-wk High
$54.76
52-wk Low
$41.85

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

Photo

U.S., Mexico reach NAFTA deal, turn up pressure on Canada

WASHINGTON The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. | Video