Cyprium Partners Announces New Investment in Irvin Automotive Products, Inc.
CLEVELAND--(BUSINESS WIRE)--Cyprium Partners, a non-control private equity firm, is pleased to announce its new subordinated debt and equity investment in Irvin Automotive Products, Inc. (Irvin).The investment was used to facilitate an acquisition of the business by Detroit entrepreneur Vinnie Johnson from Takata Corporation.Irvin will operate separate from Piston Group, another automotive business owned by Mr. Johnson, and will continue to be run by Irvin's current management team led by Joseph Finn.
Sonic Automotive Inc. (SAH) Receives Hold Rating from Jefferies Group
Sonic Automotive Inc. (NYSE:SAH)'s stock had its "hold" rating reaffirmed by equities research analysts at Jefferies Group in a research note issued on Wednesday.Separately, Zacks Investment Research lowered Sonic Automotive from a "hold" rating to a "sell" rating in a research report on Thursday, October 13th.Shares of Sonic Automotive (NYSE:SAH) opened at 18.95 on Wednesday.
Group 1 Automotive Inc. (GPI) to Release Quarterly Earnings on Thursday
Group 1 Automotive Inc. (NYSE:GPI) is scheduled to be issuing its Q316 quarterly earnings data on Thursday, October 20th.Analysts expect the company to announce earnings of $2.09 per share and revenue of $2.89 billion for the quarter.Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, July 28th.
Penske Automotive Group Inc. (PAG) Receives Consensus Rating of "Hold" from Analysts
Shares of Penske Automotive Group Inc. (NYSE:PAG) have received an average rating of "Hold" from the eight research firms that are covering the company.Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company.The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.00.