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News Breaks
January 23, 2013
08:26 EDTPAGPenske Automotive upgraded to Buy from Hold at KeyBanc
KeyBanc upgraded Penske Automotive citing strong sales trends and a solid gross margin outlook. Price target is $36.
News For PAG From The Last 14 Days
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November 23, 2015
08:57 EDTPAGPenske Automotive management to meet with Stephens
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November 17, 2015
06:52 EDTPAGPenske Automotive acquires four franchises in New Jersey
Penske Automotive announced that it has acquired Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth located in Monmouth County, New Jersey. These franchises were acquired from the Schneider Nelson Auto Group and are expected to sell approximately 2,400 new and used vehicles annually, while generating revenue of approximately $175M on an annualized basis.
November 16, 2015
07:25 EDTPAGAuto retailers outlook still positive, says KeyBanc
After conducting extensive channel checks in October, KeyBanc believes that the sales outlook of the auto retailer sector remains strong. The firm is "becoming cautiously optimistic" on the outlook for the sector's new vehicle gross profit per unit. It keeps Outperform ratings on Asbury Automotive (ABG), Lithia Motors (LAD), Penske Automotive (PAG), CarMax (KMX), and Group 1 Automotive (GPI).

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