STOCK TITAN

Penske Automotv - PAG STOCK NEWS

Welcome to our dedicated page for Penske Automotv news (Ticker: PAG), a resource for investors and traders seeking the latest updates and insights on Penske Automotv stock.

Penske Automotive Group (NYSE: PAG) operates one of the world's premier transportation service networks, spanning automotive retail and commercial truck dealerships across three continents. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.

Access real-time updates on earnings announcements, dealership acquisitions, and operational milestones. Our curated collection features press releases about PAG's luxury vehicle sales growth, commercial truck service expansions, and international partnership developments. Users will find analysis of quarterly results alongside coverage of leadership changes and industry recognition.

Key content includes updates on PAG's North American retail operations, European commercial vehicle expansions, and Asia-Pacific market strategies. Track developments in critical areas including electric vehicle infrastructure investments, premium brand partnerships, and digital retail innovations. All content is verified through primary sources to ensure regulatory compliance and factual accuracy.

Bookmark this page for streamlined access to Penske Automotive Group's latest business developments. Combine our news feed with SEC filings and earnings call transcripts for comprehensive investment research. Check back regularly for updates from this global leader in transportation services.

Rhea-AI Summary
Penske Automotive Group, Inc. (NYSE: PAG) has published its 2023 Corporate Responsibility Report, showcasing its progress in Environmental, Social and Governance ('ESG') initiatives and commitment to diversity and sustainability. CEO Roger Penske expressed pride in the company's achievements and its dedication to a more equitable and sustainable future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
Rhea-AI Summary
Penske Automotive Group has announced that 44 of its dealerships have been recognized as part of the Top 100 Best Dealerships to Work For 2023 by Automotive News. Audi Bedford was ranked No. 1 as the Best Dealership to Work For. PAG dealerships were also recognized for their commitment to promoting diverse and inclusive workplaces.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
none
-
Rhea-AI Summary
Penske Automotive Group reports an 8% increase in quarterly revenue to $7.4 billion, with net income decreasing 23% to $263.4 million. Retail automotive same-store revenue increased 9%, while retail commercial truck same-store gross profit increased 6%. The company also increased its quarterly dividend by $0.07 per share, or 9.7%, to $0.79 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
none
Rhea-AI Summary
Penske Automotive Group increases dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
dividends
-
Rhea-AI Summary
Penske Automotive Group to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.86%
Tags
-
Rhea-AI Summary
Penske Automotive Group reports significant hail damage to over 750 vehicles in Texas, representing over $27 million in inventory value. Most of the vehicles are not repairable and considered total losses. Financial impact being assessed. Insurance coverage expected to partially cover the damage. Potential loss of vehicle sales and insurance deductibles to be incurred by the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
Tags
none
Rhea-AI Summary
Penske Automotive Group, Inc. (NYSE: PAG) adds $140 million in expected annualized revenue through the acquisition of BMW of Wilmington and Porsche Wilmington. Both dealerships have earned top honors from their respective brands. The acquisitions aim to expand the company's premium retail automotive brand mix in the southeastern United States.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.84%
Tags
-
Rhea-AI Summary
Penske Automotive Group, Inc. (NYSE: PAG) announced record quarterly revenue of $7.5 billion, an 8% increase. Net income decreased 20% to $300.8 million. Retail automotive same-store revenue increased 6%, with a 11% increase in service & parts. Retail commercial truck same-store revenue increased 19%, including a 4% increase in service & parts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
Tags
none
-
Rhea-AI Summary
Penske Automotive Group, Inc. (NYSE: PAG) announced a 9% increase in its quarterly dividend to $0.72 per share, citing strong cash flow and operational strength. President Robert Kurnick, Jr. expressed satisfaction in rewarding shareholders with the increase. The dividend is payable on September 1, 2023, to shareholders of record as of August 10, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
Penske Automotv

NYSE:PAG

PAG Rankings

PAG Stock Data

10.13B
52.63M
21.15%
75.74%
1.42%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
Link
United States
BLOOMFIELD HILLS