Penske Automotive Group Inc. (NYSE:PAG) traded today at a new 52-week high of $114.34. Approximately 70,000 shares have changed hands today, as compared to an average 30-day volume of 406,000 shares.
Penske Automotive Group Inc. (NYSE:PAG) defies analysts with a current price ($112.03) 44.1% above its average consensus price target of $62.68.
In the past 52 weeks, Penske Automotive Group Inc. share prices are bracketed by a low of $50.45 and a high of $114.34 and is now at $112.03, 122% above that low price.
Penske Automotive Group operates in 22 U.S. states and overseas. It has 143 U.S. light-vehicle franchises including in Puerto Rico as well as 161 franchises overseas, primarily in the United Kingdom. The company is the second- largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with 93% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm’s Premier Truck Group owns 35 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 19 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.
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