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 ...

Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Penske Automotive Group (NYSE:PAG) and its peers. Buying a vehicle is a ...

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 (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 ...

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 ...

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 ...