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Stock impact report

Spotting Winners: Penske Automotive Group (NYSE:PAG) And Vehicle Retailer Stocks In Q4 [Yahoo! Finance]

Penske Automotive Group, Inc. (PAG) 
Last penske automotive group, inc. earnings: 2/5 06:59 am Check Earnings Report
US:NYSE Investor Relations: investors.penskeautomotive.com
Company Research Source: Yahoo! Finance
Buying a vehicle is a big decision and usually the second-largest purchase behind a home for many people, so retailers that sell new and used cars try to offer selection, convenience, and customer service to shoppers. While there is online competition, especially for research and discovery, the vehicle sales market is still very fragmented and localized given the magnitude of the purchase and the logistical costs associated with moving cars over long distances. At the end of the day, a large swath of the population relies on cars to get from point A to point B, and vehicle sellers are acutely aware of this need. The 5 vehicle retailer stocks we track reported a slower Q4. As a group, revenues were in line with analysts' consensus estimates. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 11.8% since the latest earnings results. Penske Automotive Group (NYSE:PAG) With a diverse global network spanning the US, UK, Canada, Germ Show less Read more
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