Penske Automotive (PAG): Strengthening U.S. Scale with Strategic Acquisitions [Yahoo! Finance]
Penske Automotive Group, Inc. (PAG)
Last penske automotive group, inc. earnings: 2/5 06:59 am
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Source: Yahoo! Finance
Group Inc. (NYSE:PAG) affirmed plans to expand its presence in Florida with the acquisition of two Lexus dealerships. The company has inked an agreement to acquire Lexus of Orlando and Lexus of Winter Park in the Orlando metropolitan area of central Florida. With the acquisition, the company is poised to add $450 million in annualized revenue. It is to fund the acquisition using cash flow from operations and availability under its US credit agreement. North American Operations Officer Rich Shearing said, “The acquisition of these premier Lexus dealerships represents another strategic addition to the Penske Automotive Group portfolio. The acquired dealerships will expand the Company's scale in one of the fastest growing states in the country while leveraging the Company's existing infrastructure in Central Florida.” Earlier on January 9, Benchmark reiterated a Buy rating and a $190 price target on Penske Automotive Group. The positive stance comes despite analyst Michael Albanese
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PAG
Earnings
- 10/29/25 - Miss
PAG
Sec Filings
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- PAG's page on the SEC website