Penske Automotive Group, Inc. (N:PAG)

Business Focus: Auto Vehicles, Parts & Service Retailers

Oct 29, 2019 06:59 am ET
Penske Automotive Reports Third Quarter 2019 Results
BLOOMFIELD HILLS, Mich., Oct. 29, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced third quarter and nine months 2019 results. For the three months ended September 30, 2019, the company reported income from continuing operations attributable to common shareholders of $116.1 million, or $1.42 per share, compared to $130.1 million, or $1.53 per share in the prior year. For the three and nine months ended September 30, 2018, income and earnings per share from continuing operations attributable to common ...
Oct 16, 2019 07:41 am ET
Penske Automotive Increases Dividend To $0.41 Per Share
BLOOMFIELD HILLS, Mich., Oct. 16, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.41 per share for the third quarter of 2019. ...
Oct 07, 2019 07:00 am ET
Penske Automotive Group To Host Third Quarter Conference Call
BLOOMFIELD HILLS, Mich., Oct. 7, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its third quarter financial results conference call as follows:...
Sep 26, 2019 11:28 am ET
G.research 43rd Annual Automotive Symposium
G.research will host the 43rd Annual Automotive Symposium on Monday, November 4th through Tuesday, November 5th in Las Vegas, NV. This research meeting will feature presentations by senior management of several leading automotive companies with an emphasis on industry dynamics, technical innovation, EV, and macroeconomic trends. Discussions will be moderated by GAMCO analysts Carolina Jolly, Brian Sponheimer and Shawn Kim. Investors should contact their salesperson for more information or to register for this event.
Sep 24, 2019 07:00 am ET
Penske Automotive Group Dealerships Named Best To Work For
BLOOMFIELD HILLS, Mich., Sept. 24, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that thirty-three (33) of its dealerships have been recognized by Automotive News on the Best Dealerships to Work 2019 List, more than any other dealership group.  For the second consecutive year, a Penske Automotive dealership received top honors with Audi Turnersville named the Best Dealership to Work For in the U.S. for 2019. ...
Aug 27, 2019 06:59 am ET
Penske Automotive Opens Its 15th Used Vehicle Supercenter
BLOOMFIELD HILLS, Mich., Aug. 27, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced the opening of its fifteenth (15th) used vehicle supercenter as CarSense Glen Mills, located in Glen Mills, New Jersey.  CarSense now has six locations operating in the Pennsylvania and New Jersey areas driving scale and operational efficiencies. ...
Jul 30, 2019 06:59 am ET
Penske Automotive Reports Second Quarter 2019 Results
BLOOMFIELD HILLS, Mich., July 30, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced second quarter and six months 2019 results, and the acquisition of Warner Truck Centers, which is expected to add over $1.1 billion in annualized revenues. For the three months ended June 30, 2019, the company reported income from continuing operations attributable to common shareholders of $117.7 million, or $1.42 per share, compared to $134.6 million, or $1.58 per share in the prior year. ...
Jul 17, 2019 07:40 am ET
Penske Automotive Increases Dividend To $0.40 Per Share
BLOOMFIELD HILLS, Mich., July 17, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.40 per share for the second quarter of 2019.  ...
Jul 12, 2019 07:00 am ET
Penske Automotive Group To Host Second Quarter Conference Call
BLOOMFIELD HILLS, Mich., July 12, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its second quarter financial results conference call as follows:...
May 09, 2019 07:45 am ET
Penske Automotive Increases Dividend to $0.39 Per Share
BLOOMFIELD HILLS, Mich., May 9, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.39 per share for the first quarter of 2019.  ...
May 08, 2019 02:52 pm ET
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Penske Automotive Group, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
NEW YORK, May 8, 2019 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Penske Automotive Group, Inc. (NYSE: PAG). ...
Apr 25, 2019 06:59 am ET
Penske Automotive Reports First Quarter 2019 Results
BLOOMFIELD HILLS, Mich., April 25, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced first quarter 2019 results. For the three months ended March 31, 2019, the company reported income from continuing operations attributable to common shareholders of $100.1 million, or $1.19 per share, compared to $108.0 million, or $1.26 per share in the prior year. ...
Apr 12, 2019 08:25 am ET
Report: Developing Opportunities within Energy Fuels, Lam Research, Penske Automotive Group, Vera Bradley, Guess?, and CrossAmerica Partners LP — Future Expectations, Projections Moving into 2019
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Energy Fuels Inc (NYSE:UUUU), Lam Research Corporation (NASDAQ:LRCX),...
Apr 10, 2019 04:30 pm ET
Penske Automotive Group To Host First Quarter Conference Call
BLOOMFIELD HILLS, Mich., April 10, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its first quarter financial results conference call as follows:...
Feb 07, 2019 05:59 am ET
Penske Automotive Reports Record Results
BLOOMFIELD HILLS, Mich., Feb. 7, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced record full year and fourth quarter 2018 adjusted results. For the twelve months ended December 31, 2018, total revenue increased 6.5% to $22.8 billion, including a 3.4% increase in same-store retail automotive revenue and a 28.8% increase in same-store retail commercial truck revenue. Income from continuing operations attributable to common shareholders was $470.5 million and related earnings per share was $5.52. As sho...
Jan 30, 2019 08:27 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., Jan. 30, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.38 per share for the fourth quarter of 2018.  ...
Jan 30, 2019 07:50 am ET
Investor Expectations to Drive Momentum within Stanley Black & Decker, Tempur Sealy International, Avis Budget Group, Penske Automotive Group, E.W. Scripps, and Daktronics — Discovering Underlying Fac
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Stanley Black & Decker, Inc. (NYSE:SWK), Tempur Sealy International,...
Jan 18, 2019 05:58 am ET
Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan. 18, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its fourth quarter and full-year financial results conference call as follows:...
Dec 26, 2018 07:13 am ET
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Penske Automotive Group, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
NEW YORK, Dec. 26, 2018 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Penske Automotive Group, Inc. (NYSE: PAG). ...
Dec 13, 2018 03:05 pm ET
Penske Automotive Appoints New Director
BLOOMFIELD HILLS, Mich., Dec. 13, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that Mr. Masashi (Mik) Yamanaka has been appointed to its Board of Directors.  Mr. Yamanaka fills a vacancy created by the resignation of Kanji Sasaki from the PAG Board.  ...
Oct 31, 2018 08:30 am ET
New Research: Key Drivers of Growth for Penske Automotive Group, EMCOR Group, Mueller Industries, PS Business Parks, Anheuser-Busch InBev SA/NV, and Kilroy Realty — Factors of Influence, Major Initiat
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Penske Automotive Group, Inc. (NYSE:PAG), EMCOR Group, Inc. (NYSE:EME),...
Oct 25, 2018 06:59 am ET
Penske Automotive Reports Record Third Quarter 2018 Results
BLOOMFIELD HILLS, Mich., Oct. 25, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company consisting of franchised retail automotive dealerships, stand-alone used vehicle supercenters, heavy and medium duty retail truck dealerships, and distribution of commercial trucks and power systems, today announced record third quarter and record nine months 2018 results. For the three months ended September 30, 2018, income from continuing operations attributable to common shareholders increased 38.0% to $130.1 million, and related earnings per ...
Oct 18, 2018 07:30 am ET
G.research 42nd Annual Automotive Aftermarket Symposium
G.research will host the 42nd Annual Automotive Aftermarket Symposium on Monday, October 29th through Tuesday, October 30th 2018 in Las Vegas, NV. This research meeting will feature presentations by senior management of several leading automotive companies with an emphasis on industry dynamics, EV, and Auto 2.0 megatrends. Discussions will be moderated by analysts Carolina Jolly, Brian Sponheimer, Shawn Kim, and Matt Paige. Investors should contact their salesperson for more information or to register for this ev
Oct 17, 2018 07:40 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., Oct. 17, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.37 per share for the third quarter of 2018.  ...
Oct 05, 2018 08:00 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Ellington Residential Mortgage REIT, International Game Technology, Penske Automotive Group, Nu Skin Enterprises, Saul Centers, and
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Ellington Residential Mortgage REIT (NYSE:EARN), International Game...
Oct 05, 2018 06:59 am ET
Penske Automotive Group To Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct. 5, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its third quarter financial results conference call as follows:...
Oct 03, 2018 07:30 am ET
G.research 42nd Annual Automotive Aftermarket Symposium
G.research will host the 42nd Annual Automotive Aftermarket Symposium on Monday, October 29th through Tuesday, October 30th 2018 in Las Vegas, NV. This research meeting will feature presentations by senior management of several leading automotive companies with an emphasis on industry dynamics, EV, and Auto 2.0 megatrends. Discussions will be moderated by analysts Carolina Jolly, Brian Sponheimer, Shawn Kim, and Matt Paige. Investors should contact their salesperson for more information or to register for this ev
Sep 12, 2018 07:30 am ET
G.research 42nd Annual Automotive Aftermarket Symposium
G.research will host the 42nd Annual Automotive Aftermarket Symposium on Monday, October 29th through Tuesday, October 30th 2018 in Las Vegas, NV. This research meeting will feature presentations by senior management of several leading automotive companies with an emphasis on industry dynamics, new technologies, and company fundamentals. Discussions will be moderated by analysts Carolina Jolly, Brian Sponheimer, Shawn Kim, and Matt Paige. Investors should contact their salesperson for more information or to regis
Aug 14, 2018 06:58 am ET
Penske Automotive Group Dealerships Named Best To Work For
BLOOMFIELD HILLS, Mich., Aug. 14, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, announced today that twenty-four (24) of its dealerships have been named by Automotive News as among the Best Dealerships to Work For in the United States. The award winning dealerships are:...
Jul 26, 2018 06:59 am ET
Penske Automotive Reports Record Second Quarter And Record First-Half 2018 Results
BLOOMFIELD HILLS, Mich., July 26, 2018 /PRNewswire/ --...
Jul 18, 2018 08:48 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., July 18, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.36 per share for the second quarter of 2018.  ...
Jul 12, 2018 04:30 pm ET
Penske Automotive Group To Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., July 12, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its second quarter financial results conference call as follows:...
Jun 28, 2018 08:20 am ET
Research Report Identifies Paycom Software, Tempur Sealy International, Penske Automotive Group, World Fuel Services, Viasat, and Nationstar Mortgage with Renewed Outlook — Fundamental Analysis, Calcu
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Paycom Software, Inc. (NYSE:PAYC), Tempur Sealy International, Inc....
Jun 26, 2018 07:30 am ET
Gabelli & Company’s 42nd Annual Automotive Aftermarket Symposium
Gabelli & Company will host its 42nd Annual Automotive Aftermarket Symposium on October 29th & 30th in Las Vegas, Nevada. This research conference will feature presentations by senior management of leading automotive companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. Investors should contact their salesperson for more information or to register.
May 23, 2018 07:30 am ET
Gabelli & Company’s Annual Automotive Aftermarket Symposium
Gabelli & Company will host its 42nd Annual Automotive Aftermarket Symposium on October 29th & 30th in Las Vegas, Nevada. This research conference will feature presentations by senior management of leading automotive companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. Investors should contact their salesperson for more information or to register.
May 15, 2018 08:30 am ET
Investor Expectations to Drive Momentum within Aerohive Networks, M/I Homes, bluebird bio, Penske Automotive Group, Sanmina, and Genesco — Discovering Underlying Factors of Influence
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Aerohive Networks, Inc. (NYSE:HIVE), M/I Homes, Inc. (NYSE:MHO), bluebird...
May 11, 2018 06:58 am ET
Penske Automotive Elects Wolfgang Dürheimer As New Board Member
BLOOMFIELD HILLS, Mich., May 11, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that Wolfgang Dürheimer has been elected to its Board of Directors at its annual Shareholders Meeting, along with twelve incumbent directors. ...
May 10, 2018 07:35 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., May 10, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.35 per share for the second quarter of 2018.  ...
Apr 25, 2018 06:59 am ET
Penske Automotive Reports Record First Quarter Results
BLOOMFIELD HILLS, Mich., April 25, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced record first quarter results. For the three months ended March 31, 2018, income from continuing operations attributable to common shareholders increased 29.8% to $108.0 million, and related earnings per share increased 29.9% to $1.26 when compared to the same period last year. The results for the three months ended March 31, 2018 include a net benefit totaling $1.0 million after tax, or $0.01 per share, consisting of a $6.4 milli...
Apr 10, 2018 04:37 pm ET
Penske Automotive Group To Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., April 10, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its first quarter financial results conference call as follows:...
Feb 13, 2018 07:35 am ET
Research Report Identifies Penske Automotive Group, United Natural Foods, American Equity Investment Life Holding, Control4, Nevro, and Medidata Solutions with Renewed Outlook — Fundamental Analysis,
NEW YORK, Feb. 13, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Penske Automotive Group, Inc. (NYSE:PAG), United...
Feb 08, 2018 05:59 am ET
Penske Automotive Reports Record Fourth Quarter Results
BLOOMFIELD HILLS, Mich., Feb. 8, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced record fourth quarter results. For the three months ended December 31, 2017, total revenue increased 10.4% to $5.4 billion, income from continuing operations attributable to common shareholders increased 300.0% to $330.0 million, and related earnings per share increased 296.9% to $3.85 when compared to the same period last year. Foreign exchange rates positively impacted earnings per share attributable to common shareholders by $0....
Feb 01, 2018 11:17 am ET
Penske Automotive Group Donates More Than $1 Million to Paralyzed Veterans of America
WASHINGTON, Feb. 1, 2018 /PRNewswire/ -- Penske Automotive Group and their customers raised over $1 million for Paralyzed Veterans of America (Paralyzed Veterans) through its 2017 "Service Matters" campaign. Since the inception of the campaign in 2015, Penske Automotive Group's "Service Matters" campaign has raised more than $3 million for Paralyzed Veterans....
Jan 31, 2018 03:32 pm ET
Penske Automotive Increases 401(k) Matching Contributions
BLOOMFIELD HILLS, Mich., Jan. 31, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that it has enhanced the company's U.S. 401(k) savings plan by increasing company matching contributions from 1.5% to 2.5% of eligible contributions, representing an increase of 67%.  The increase will provide a recurring, annual benefit to our employees....
Jan 30, 2018 05:59 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., Jan. 30, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.34 per share for the fourth quarter of 2017.  ...
Jan 24, 2018 05:59 am ET
Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan. 24, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its fourth quarter and full-year financial results conference call as follows:...
Jan 19, 2018 09:46 am ET
Penske Automotive Named One Of FORTUNE Magazine's "World's Most Admired Companies"
BLOOMFIELD HILLS, Mich., Jan. 19, 2018 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that it has been named one of the World's Most Admired Companies in specialty retailing by FORTUNE magazine. The World's Most Admired Companies ranking and related information will appear in FORTUNE magazine's January 22nd issue. ...
Jan 03, 2018 05:59 am ET
Penske Automotive Expands Presence In The United Kingdom
BLOOMFIELD HILLS, Mich., Jan. 3, 2018 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that it has completed the acquisition of The Car People (www.thecarpeople.co.uk), one of the U.K.'s leading retailers of used vehicles. The Car People retails high-quality used vehicles at fixed retail prices as part of a transparent customer buying experience. ...
Dec 12, 2017 05:59 am ET
Penske Automotive Expands Presence In The United Kingdom
BLOOMFIELD HILLS, Mich., Dec. 12, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider, announced today that it has signed an agreement to acquire The Car People (https://www.thecarpeople.co.uk), one of the U.K.'s leading retailers of used vehicles.  The Car People retails high-quality used vehicles at fixed retail prices as part of a transparent customer buying experience.  Established in 2000, The Car People has four large-scale retail locations operating in Wakefield, Sheffield, Manchester and Warrington. ...
Nov 22, 2017 08:10 am ET
Analysis: Positioning to Benefit within Unisys, Primerica, Penske Automotive Group, United Natural Foods, Schneider National, and CVR Refining, LP — Research Highlights Growth, Revenue, and Consolidat
NEW YORK, Nov. 22, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Unisys Corporation (NYSE:UIS), Primerica, Inc. (NYSE:PRI),...
Oct 25, 2017 07:59 am ET
Penske Automotive Reports Record Third Quarter Results
BLOOMFIELD HILLS, Mich., Oct. 25, 2017 /PRNewswire/ --  ...
Oct 12, 2017 05:31 pm ET
Penske Automotive Group To Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct. 12, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its third quarter financial results conference call as follows:...
Oct 12, 2017 07:00 am ET
REPEAT/Gabelli & Company’s 41st Annual Automotive Aftermarket Symposium
Gabelli & Company will host its 41st Annual Automotive Aftermarket Symposium on October 30 and October 31 in Las Vegas, Nevada. This conference showcases a full spectrum of leading automotive companies, including aftermarket parts retailers, original equipment & aftermarket parts suppliers, publicly traded dealership groups, and medium & heavy duty truck manufacturers. Presentations, fireside chats, and one-on-one meetings will be held from 12:00 p.m. PST on Monday, October 30 through 5:00 p.m. PST on Tuesday, October 31. The event
Oct 11, 2017 08:52 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., Oct. 11, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.33 per share for the third quarter of 2017.  ...
Oct 05, 2017 01:30 pm ET
Gabelli Automotive Symposium Keynote to Focus on Vehicle Electrification
Gabelli & Company is pleased to announce that Andrew Daga, President and CEO of Momentum Dynamics Corporation, will deliver a keynote address at its 41st Annual Automotive Aftermarket Symposium on October 31st in Las Vegas.
Sep 28, 2017 07:59 am ET
Penske Automotive Comments on Impact from Hurricanes
BLOOMFIELD HILLS, Mich., Sept. 28, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today provided a preliminary estimate of the impact on its operations in Florida, Georgia, Texas and Puerto Rico from Hurricanes Irma, Harvey, and Maria. The company operates 19 dealerships and 3 collision centers in the affected areas which represented approximately 9% of the company's consolidated revenue for the six months ended June 30, 2017....
Sep 07, 2017 10:02 am ET
Penske Automotive Increases Ownership Interest in Penske Truck Leasing
BLOOMFIELD HILLS, Mich., Sept. 7, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, announced today that it has acquired an additional 5.5% interest in Penske Truck Leasing Co., L.P. ("PTL"),  a leading provider of transportation services and supply chain management, from subsidiaries of GE Capital Global Holdings, LLC, for approximately $239 million. The purchase price was funded using the existing liquidity on the company's U.S. credit agreement.  ...
Sep 01, 2017 05:20 pm ET
Penske Automotive Group Appoints Greg Smith As New Director
BLOOMFIELD HILLS, Mich., Sept. 1, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that Greg Smith has been appointed to its Board of Directors as an independent director.  ...
Aug 01, 2017 05:20 pm ET
Penske Automotive Group Announces Pricing Of $300.0 Million Senior Subordinated Notes
BLOOMFIELD HILLS, Mich., Aug. 1, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced the pricing of $300.0 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2020 (the "2020 Notes") at 3.75%. The sale of the 2020 Notes, which is subject to customary closing conditions, is expected to be completed on August 15, 2017....
Aug 01, 2017 08:27 am ET
Penske Automotive Group Announces $300.0 Million Senior Subordinated Notes Offering
BLOOMFIELD HILLS, Mich., Aug. 1, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that it intends to offer $300.0 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2020 (the "2020 Notes"), subject to market and other customary closing conditions, pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC")....
Jul 28, 2017 07:59 am ET
Penske Automotive Group Dealerships Named Best To Work For
BLOOMFIELD HILLS, Mich., July 28, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that twenty (20) of its dealerships have been named by Automotive News as among the 100 Best Dealerships to Work For in the United States. The award winning dealerships are:...
Jul 27, 2017 07:59 am ET
Penske Automotive Reports Record Second Quarter Results
BLOOMFIELD HILLS, Mich., July 27, 2017 /PRNewswire/ --...
Jul 26, 2017 08:51 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., July 26, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.32 per share for the second quarter of 2017.  ...
Jul 11, 2017 07:59 am ET
Penske Automotive Group To Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., July 11, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its second quarter financial results conference call as follows:...
May 10, 2017 09:14 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., May 10, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.31 per share for the first quarter of 2017.  ...
Apr 26, 2017 07:57 am ET
Penske Automotive Reports Record First Quarter Results
BLOOMFIELD HILLS, Mich., April 26, 2017 /PRNewswire/ --  ...
Apr 10, 2017 05:38 pm ET
Penske Automotive Acquires Mercedes-Benz Dealership In Phoenix, Arizona
BLOOMFIELD HILLS, Mich., April 10, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that it has acquired Schumacher European, LTD., a Mercedes-Benz and Sprinter dealership in Phoenix, Arizona.  This new dealership is located contiguous to the company's Scottsdale 101 Auto Collection which currently represents fifteen franchises.  ...
Apr 05, 2017 05:32 pm ET
Penske Automotive Group To Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., April 5, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its first quarter financial results conference call as follows:...
Mar 16, 2017 07:58 pm ET
Penske Automotive Group Donates More Than $1 Million to Paralyzed Veterans of America
WASHINGTON, March 16, 2017 /PRNewswire-USNewswire/ -- Today Paralyzed Veterans of America (Paralyzed Veterans) announced that Penske Automotive Group donated more than $1 million last year to the organization through its "Service Matters" campaign. In the past two years, Paralyzed Veterans' corporate partner Penske Automotive Group has raised more than $2 million for Paralyzed Veterans programs and services....
Mar 07, 2017 07:00 am ET
Penske Automotive Acquires Jaguar And Land Rover Dealerships In Paramus, New Jersey
BLOOMFIELD HILLS, Mich., March 7, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that it has expanded its presence in the United States with the acquisition of the Jaguar and Land Rover dealerships in Paramus, New Jersey from the Prestige Family of Fine Cars.  The acquisition is expected to generate estimated annual revenue of approximately $215 million.  ...
Feb 16, 2017 08:25 am ET
Penske Automotive Completes Acquisition of U.K.-Based CarShop
BLOOMFIELD HILLS, Mich., Feb. 16, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider and a leading retailer of prestige vehicles in the U.K., announced today that it has completed the acquisition of CarShop, one of the U.K.'s leading retailers of used vehicles.  CarShop retails high-quality used vehicles at fixed retail prices as part of a transparent customer buying experience.  ...
Feb 09, 2017 09:04 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., Feb. 9, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.30 per share for the fourth quarter of 2016.  ...
Feb 07, 2017 06:59 am ET
Penske Automotive Reports Record Fourth Quarter And Full Year Results
BLOOMFIELD HILLS, Mich., Feb. 7, 2017 /PRNewswire/ --...
Jan 17, 2017 04:33 pm ET
Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan. 17, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its fourth quarter and full-year financial results conference call as follows:...
Jan 11, 2017 06:57 am ET
Penske Automotive Completes Acquisition Of CarSense
BLOOMFIELD HILLS, Mich., Jan. 11, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider, announced today that it has completed the acquisition of CarSense, a stand-alone specialty retailer of used vehicles in the United States.  ...
Jan 06, 2017 06:59 am ET
Penske Automotive Expands Presence In The United Kingdom
BLOOMFIELD HILLS, Mich., Jan. 6, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider and the leading retailer of prestige vehicles in the U.K., announced today that it has signed an agreement to acquire CarShop, one of the U.K.'s leading retailers of used vehicles. CarShop retails high-quality used vehicles at fixed retail prices as part of a transparent customer buying experience.  ...
Dec 01, 2016 06:59 am ET
Penske Automotive Signs Agreement To Acquire CarSense
BLOOMFIELD HILLS, Mich., Dec. 1, 2016 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider, announced today that it has signed an agreement to acquire CarSense, a stand-alone specialty retailer of used vehicles in the United States.  The acquisition is expected to generate estimated annual revenue of approximately $350 million with accretion estimated to be $0.07 to $0.09 per share on an annualized basis....
Oct 26, 2016 07:57 am ET
Penske Automotive Reports Record Third Quarter Results
BLOOMFIELD HILLS, Mich., Oct. 26, 2016 /PRNewswire/ --...
Oct 19, 2016 08:50 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., Oct. 19, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.29 per share for the third quarter of 2016.  ...
Oct 06, 2016 07:54 am ET
Penske Automotive Group To Host Third Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Oct. 6, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its third quarter financial results conference call as follows:...
Oct 03, 2016 10:28 am ET
Penske Automotive Expands Presence in Italy
BLOOMFIELD HILLS, Mich., Oct. 3, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that it has expanded its presence in northern Italy with the acquisition of six franchises (Porsche [3], Audi, Land Rover and Volvo).   The franchises are located in the strategic northern Italian market area of Bologna....
Jul 28, 2016 07:52 am ET
Penske Automotive Reports Second Quarter Results
BLOOMFIELD HILLS, Mich., July 28, 2016 /PRNewswire/ --...
Jul 27, 2016 08:48 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., July 27, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.28 per share for the second quarter of 2016.  ...
Jul 22, 2016 07:54 am ET
Penske Automotive Group Dealerships Named Best To Work For
BLOOMFIELD HILLS, Mich., July 22, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, announced today that thirteen of its dealerships have been named by Automotive News as among the Best 100 Dealerships to Work For 2016 in the United States. The award winning dealerships are:...
Jul 06, 2016 05:32 pm ET
Penske Automotive Group To Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., July 6, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its second quarter financial results conference call as follows:...
May 11, 2016 05:25 pm ET
Penske Automotive Group Announces Pricing Of $500.0 Million Senior Subordinated Notes
BLOOMFIELD HILLS, Mich., May 11, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced the pricing of $500.0 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2026 (the "2026 Notes") at 5.5%.  The sale of the 2026 Notes, which is subject to customary closing conditions, is expected to be completed on May 25, 2016. ...
May 11, 2016 10:12 am ET
Penske Automotive Group Announces $500.0 Million Senior Subordinated Notes Offering
BLOOMFIELD HILLS, Mich., May 11, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that it intends to offer $500.0 million aggregate principal amount of fixed rate Senior Subordinated Notes due 2026 (the "2026 Notes"), subject to market and other customary closing conditions, pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC").  ...
May 04, 2016 09:34 am ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., May 4, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.27 per share for the first quarter of 2016.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "The increase in the dividend reflects the strength in the performance of the company's business in the first quarter and further demonstrates our commitment to return capital to PAG's shareholders."...
Apr 26, 2016 07:57 am ET
Penske Automotive Reports Record First Quarter Results
BLOOMFIELD HILLS, Mich., April 26, 2016 /PRNewswire/ -- ...
Apr 14, 2016 05:33 pm ET
Penske Automotive Group To Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., April 14, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its first quarter financial results conference call as follows:...
Apr 12, 2016 05:33 pm ET
Penske Automotive Group Acquires Harper Truck Centres
BLOOMFIELD HILLS, Mich., April 12, 2016 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that its Premier Truck Group subsidiary has completed the acquisition of Harper Truck Centres, a Freightliner, Western Star, Thomas Built Bus and Fuso commercial truck dealership group located in Ontario, Canada.  ...
Apr 11, 2016 05:33 pm ET
Penske Automotive Group Acquires Harper Truck Centres
BLOOMFIELD HILLS, Mich., April 11, 2016 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider, announced today that its Premier Truck Group subsidiary has completed the acquisition of Harper Truck Centres, a Freightliner, Western Star, Thomas Built Bus and Fuso commercial truck dealership group located in Ontario, Canada.  ...
Apr 06, 2016 07:55 am ET
Penske Automotive Opens New Porsche Dealership
BLOOMFIELD HILLS, Mich., April 6, 2016 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider, announced today the grand opening of its newest dealership, Porsche West Broward, located at 4641 SW 148th Avenue, along the Interstate 75 auto corridor in Davie, Florida.  The new dealership represents PAG's eighth Porsche dealership in the United States and sixteenth worldwide....
Feb 11, 2016 06:55 am ET
Penske Automotive Reports Fourth Quarter Results
BLOOMFIELD HILLS, Mich., Feb. 11, 2016 /PRNewswire/ --...
Jan 28, 2016 04:50 pm ET
Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan. 28, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its fourth quarter and full-year financial results conference call as follows:...
Jan 28, 2016 04:32 pm ET
Penske Automotive Increases Dividend
BLOOMFIELD HILLS, Mich., Jan. 28, 2016 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.26 per share for the fourth quarter of 2015.  Penske Automotive Group President Robert H. Kurnick, Jr., said, "The increase in the dividend reinforces our commitment to PAG's shareholders while reflecting the confidence we have in our cash flows and the overall strength of our business."...