Company Profile For Penske Automotive Group, Inc.

Penske Automotive Group, Inc. (PAG.N) (New York Stock Exchange)

sector: Cyclical Consumer Goods & Services · industry: Retail - Specialty ·

As of 25 Nov 2009

15.21USD

Price Change

+0.03

Percent Change

+0.20%

Analyst Recommendations

Overview

Penske Automotive Group, Inc. is an automotive retailer headquartered in the United States. As of February 1, 2009, the Company owned and operated 156 franchises in the United States and 148 franchises outside of the United States, primarily in the United Kingdom. The Company offers a range of vehicle brands, with 96% of its total revenue, during the year ended December 31, 2008 generated from brands of non-United States-based manufacturers, including sales relating to brands, such as Audi, BMW, Cadillac and Porsche, which represented 65% of its total revenue. In June 2008, it acquired a 9% limited partnership interest in Penske Truck Leasing Co., L.P. (PTL) from GE Capital. PTL is a global transportation services provider, which operates and maintains more than 200,000 vehicles and services customers in North America, South America, Europe and Asia.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Penske Automotive Group, Inc.'s revenues decreased 25% to $7.06B. Net income from continuing operations decreased 33% to $63.6M. Revenues reflect a decrease in new vehicle income, a fall in used vehicle income and lower finance & insurance income. Net income also reflects higher other interest expenses, lower equity in earnings of affiliates and a decrease in gross margin.