Roger Penske is becoming a believer of that old saying: Less is more. With fewer used-car stores in his portfolio, the chairman and CEO of Penske Automotive Group is watching the profits from that ...

We recently compiled a list of the 10 Best Used Car Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where Penske Automotive Group Inc. (NYSE:PAG) stands against ...

Like most dealership groups, Penske Automotive Group faced headwinds in its used-car business in the third quarter. “The new-vehicle market remains solid while used-vehicle supply and affordability ...

Two of the largest public auto retailers shuttered used-vehicle dealerships this month, with one citing today's "pre-owned vehicle market conditions" and the other telling Automotive News a store wasn ...

Penske Automotive Group Inc.’s stock PAG fell 2.5% in early trade Wednesday, after the used and new car dealer missed profit expectations for the third quarter. Bloomfield Hills, Michigan-based Penske ...

Penske Automotive Group Inc (NYSE:PAG) reported fourth-quarter FY23 sales growth of 4% Y/Y to $7.27 billion, beating the analyst consensus of $7.21 billion. The results benefited from continued strong ...

The gross margin for retail automotive service and parts increased by 30 basis points. “New and used automotive gross profit per unit retailed remained strong, including a $74 per unit sequential ...