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Penske Automotive Completes Acquisition Of CarSense
- BLOOMFIELD HILLS, Mich., Jan. 11, 2017 /PRNewswire/ -- Penske Automotive Group (PAG), an international transportation services provider, announced today that it has completed the acquisition of CarSense, a stand-alone specialty retailer of used vehicles in the United States.CarSense has five locations operating in the Philadelphia and Pittsburgh, Pennsylvania, market areas, including southern New Jersey, and is dedicated to reconditioning and retailing high-quality, late-model used vehicles at no-haggle prices through a friendly, comfortable and transparent buying experience.Penske Automotive Group Executive Vice President Whit Ramonat said, "We are pleased to welcome the CarSense team to Penske Automotive Group, and we look forward to combining our resources as we expand our share of the highly fragmented used vehicle marketplace."
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UBS Asset Management Americas Inc. Raises Position in Penske Automotive Group, Inc. (PAG)
- UBS Asset Management Americas Inc. raised its position in Penske Automotive Group, Inc. (NYSE:PAG) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).The fund owned 38,718 shares of the company's stock after buying an additional 2,000 shares during the period.UBS Asset Management Americas Inc.'s holdings in Penske Automotive Group were worth $1,865,000 as of its most recent filing with the SEC.
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Rating Sentiment Worth Mentioning: Is there a Bearish outlook for Penske Automotive Group, Inc. (NYSE:PAG) this week?
- Rating Sentiment Worth Mentioning: Is there a Bearish outlook for Penske Automotive Group, Inc. (NYSE:PAG) this week?January 10, 2017 - By Pete KolinskiPenske Automotive Group, Inc. (NYSE:PAG) Ratings CoverageOut of 4 analysts covering Penske Automotive Group (NYSE:PAG), 0 rate it a "Buy", 1 "Sell", while 3 "Hold".This means 0 are positive.
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Penske Automotive Signs Agreement to Buy CarShop in UK
- Penske Automotive Group, Inc. PAG has signed a deal to acquire the leading retailer of used vehicles in U.K. – CarShop.The company expects CarShop to generate annual revenues of around $340 million along with earnings accretion of around 7 cents to 9 cents per share annually.The acquisition is expected to close in the first quarter of 2017, subject to certain conditions.
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Hefty Wealth Partners adds Penske Automotive Group (PAG) to its portfolio – Trade Calls
- Penske Automotive Group (PAG) : Hefty Wealth Partners added new position in Penske Automotive Group during the most recent quarter end.The investment management firm now holds 390 shares of Penske Automotive Group which is valued at $20,245 , the company said in a statement filed on Jan 5, 2017 with the SEC.Penske Automotive Group makes up approximately 0.02% of Hefty Wealth Partners's portfolio.Other Hedge Funds, Including , Eqis Capital Management added PAG to its portfolio by purchasing 5,886 company shares during the most recent quarter which is valued at $305,542.
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