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Penske Automotive Group Inc (PAG.N)

PAG.N on New York Stock Exchange

43.90USD
20 Apr 2018
Change (% chg)

$-0.26 (-0.59%)
Prev Close
$44.16
Open
$44.23
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Day's Low
$43.50
Volume
122,298
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126,841
52-wk High
$54.76
52-wk Low
$38.35

Latest Key Developments (Source: Significant Developments)

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

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 

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 

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 expands presence in Northern Italy with acquisition of 6 franchises
Monday, 3 Oct 2016 

Penske Automotive Group Inc : Franchises are located in strategic Northern Italian market area of Bologna . Acquired dealerships are expected to generate approximately $200 million in revenue on an annualized basis .Has expanded its presence in Northern Italy with acquisition of six franchises.  Full Article

Penske Automotive Group reports purchase of 100,000 shares of co's common stock on Aug 18 at average price of $42.85/share
Tuesday, 23 Aug 2016 

Penske Automotive Group : Penske corp reports purchase of 100,000 shares of co's common stock on Aug 18 at average price of $42.85/share - SEC filing . Penske corp reports open market purchase of 100,000 shares of co's common stock at average price of $42.53per share on Aug 19 .Penske corp reports open market purchase of 100,000 shares of co's common stock at average price of $42.28per share on Aug 22.  Full Article

Penske Automotive reports Q2 earnings per share of $1.11 from cont ops
Thursday, 28 Jul 2016 

Penske Automotive Group Inc : Penske automotive reports second quarter results . Q2 revenue $5.3 billion versus I/B/E/S view $5.17 billion . Reports Q2 earnings per share $1.11 from continuing operations . Q2 earnings per share $1.11 from continuing operations . Q2 earnings per share view $1.09 -- Thomson Reuters I/B/E/S . Increases ownership interest in penske truck leasing . Store retail revenue up 0.2% . Estimates accretion of at least $0.25 per share on an annualized basis after increased ownership in Penske truck . Excluding F/X, same-store retail revenue grew 2.7% in q2 . Q2 Retail unit sales up 6.2% to 115,106 . Acquired additional 14.4% interest in Penske truck from units of GE Capital Global Holdings for approximately $498.7 million .Purchase price was funded using existing liquidity including company's U.S. Credit agreement.  Full Article

Penske Automotive raises dividend to $0.28 per share
Wednesday, 27 Jul 2016 

Penske Automotive Group Inc : Sets quarterly cash dividend of $0.28 per share .Penske automotive increases dividend.  Full Article

Penske Automotive announces pricing of senior subordinated notes
Thursday, 12 May 2016 

Penske Automotive Group Inc : Pricing of $500.0 million aggregate principal amount of fixed rate senior subordinated notes due 2026 at 5.5% .Penske automotive group announces pricing of $500.0 million senior subordinated notes.  Full Article

Penske Automotive Group announces $500 mln senior notes offering
Wednesday, 11 May 2016 

Penske Automotive Group Inc : Says intends to offer $500.0 million aggregate principal amount of fixed rate senior subordinated notes due 2026 . Intends to use net proceeds of this offering to repay amounts currently outstanding under company's u.s. Credit agreement .Penske automotive group announces $500.0 million senior subordinated notes offering.  Full Article

Penske Automotive Group increases dividend
Wednesday, 4 May 2016 

Penske Automotive Group:Board of Directors has approved an increase in the cash dividend to $0.27 per share for the first quarter of 2016.Dividend is payable on June 1, 2016, to shareholders of record on May 16, 2016.  Full Article

BRIEF-Turners Automotive Group ‍Declares Third Quarterly Dividend

* ‍DECLARED THIRD QUARTERLY DIVIDEND OF 4.5 CENTS PER SHARE, FULLY IMPUTED​ Source text for Eikon: Further company coverage: