The Latest Breaking News from PAG

Despite rising interest rates on auto loans and low supply, strong demand should keep the industry afloat even if the economy slips into a recession. Moreover, the integration of advanced technologies is expected to drive the industry’s long-term growth. Given the favorable prospects of the industry, fundamentally sound auto stocks…

Baidu, Inc (NASDAQ:BIDU) is exploring selling its controlling stake in iQIYI, Inc (NASDAQ:IQ) at a potential valuation of ~$7 billion, Reuters reports. Baidu, which owns 53% of iQIYI and holds over 90% of its shareholder voting rights, looks to sell all its holdings in China's Netflix, Inc (NASDAQ:NFLX) counterpart. Baidu's targeted valuation of $7 billion represents…

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  Penske Automotive Group (NYSE:PAG) reported its Q1 earnings results on Wednesday, April 27, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Penske Truck Leasing has ordered 750 all-electric Ford Motor Co (NYSE:F) E-transit cargo vans. The financial terms were not disclosed. Penske Truck Leasing is owned by Penske Corporation, Penske Automotive Group Inc (NYSE:PAG), and Mitsui & Co Ltd (OTC:MITSY). The company will take delivery of its first several vehicles in the next several weeks. Penske's first Ford…

The stock market has remained under pressure amid investors’ concerns about rising commodity prices due to the war in Ukraine and the Fed’s hawkish monetary policy pivot to combat inflation. The market’s turbulence has led several fundamentally sound stocks—including Penske (PAG), USANA Health (USNA), and AutoNation (AN)—to plummet in valuation.…

Penske Automotive Group Inc (NYSE:PAG) U.K. subsidiary has acquired three Bayerische Motoren Werke AG (OTC:BMWYY) BMW MINI dealerships and a collision center in the U.K. The dealerships, located in South East England, north of London, complement the company's 32 BMW MINI franchises operated in the U.K. market.  Penske Automotive expects the acquisition to generate $250…

Despite the latest federal interest rate hikes, undervalued stocks with impressive financials are expected to deliver solid returns in the coming months. So, we think it could be wise to scoop up quality stocks Moderna (MRNA), Bayer (BAYRY), Henkel (HENKY), AGCO (AGCO), and Penske Automotive (PAG), which are currently trading…

  Penske Automotive Group (NYSE:PAG) reported its Q4 earnings results on Wednesday, February 9, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

The overflowing demand for both new and used cars amid significant production shortages has led to skyrocketing car prices. As this trend continues, it is wise to bet on fundamentally solid, yet cheap, auto dealership stocks, such as Penske Automotive (PAG), AutoNation (AN), and Group 1 Automotive (GPI).