Penske Automotive Group Inc. (NYSE:PAG) traded at a new 52-week high today of $123.60. Approximately 148,000 shares have changed hands today, as compared to an average 30-day volume of 348,000 shares.
Penske Automotive Group operates in 20 U.S. states and overseas. It has 147 U.S. light-vehicle stores including in Puerto Rico as well as 174 franchised dealerships 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 92% 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 41 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 23 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.
Penske Automotive Group Inc. (NYSE:PAG) defies analysts with a current price ($122.19) 15.9% above its average consensus price target of $102.81.
Over the past year, Penske Automotive Group Inc. has traded in a range of $72.35 to $123.60 and is now at $122.19, 69% above that low.
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