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The Latest Breaking News from PAG

The automotive industry is poised for a promising future, driven by the easing of inflationary pressures and a surge in demand for rental vehicles. Therefore, it could be wise to watch fundamentally strong auto stocks Penske Automotive Group (PAG), Group 1 Automotive (GPI), and Cars.com (CARS). Read more.

StockNews.com

3 Auto Stock to Buy Into this Week

Despite the uncertain macroeconomic environment, auto sales will likely remain robust throughout the year. Auto dealers will continue to benefit from rising sales of new and used vehicles. Additionally, the pent-up demand for travel is expected to boost the auto rental industry. To that end, it could be wise to…

StockNews.com

The 3 Best-Performing Auto Dealer Stocks in the Current Economy

Technological advancements and rising demand is expected to boost the automotive industry. Therefore, investors could benefit from fundamentally strong auto dealer stocks Copart (CPRT), Penske Automotive Group (PAG), and Rush Enterprises (RUSHA). These stocks have been performing well despite the macro headwinds. Keep reading.

StockNews.com

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2 Auto Stocks Showing High Performance Rates This Spring

Despite macroeconomic concerns, new car sales in the US are likely to rise in 2023. Therefore, quality auto stocks PT Astra (PTAIY) and Penske Automotive Group (PAG), which are showing high performance, could be ideal investments now. Let's discuss this in detail.

StockNews.com

New Epson Tour leader Jody Brothers left the PGA Tour hoping to create meaningful change for those stretching every dollar

“I want to identify what is the right thing to have on our tour week in and week out."

USA Today Sports Media Group

How private equity whiz Weijian Shan went from penniless in the Gobi desert to orchestrating a takeover of one of China’s biggest banks

Shan runs PAG, the largest private equity firm in Asia that currently manages $50 billion in assets. The Chinese-born dealmaker clinched one of the most unlikely and successful deals of the early 21st century.

Fortune

Hong Kong fund to pay 100 billion yen. for Huis Ten Bosch resort park

Major travel agency H.I.S. Co. has announced its plan to sell its entire 66.7% stake in the Huis Ten Bosch Dutch-themed resort park in Sasebo, Nagasaki Prefecture, to Hong Kong investment fund PAG.

The Japan News/Yomiuri

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3 Auto Stocks Picking up Speed This Summer

Irrespective of macroeconomic headwinds, auto demand looks robust. Moreover, consumers are willing to pay more for used cars. Therefore, quality auto stocks Penske Automotive (PAG), AutoNation (AN), and Group 1 Automotive (GPI) could be ideal trading options. Keep reading….

StockNews.com

3 Auto Stocks with Significant Upside in Sight

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…

StockNews.com

iQIYI Shares Trade Lower On Reports Of Possible Stake Sale

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…

Benzinga

Recap: Penske Automotive Group Q1 Earnings

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.

Benzinga

Penske Truck Leasing Orders 750 All-Electric Ford E-Transit Cargo Vans

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…

Benzinga

3 Hard-Hit Stocks too Cheap to Ignore: Penske, USANA, and AutoNation

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.…

StockNews.com

Penske Automotive Acquires Three BMW MINI Dealerships In UK

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…

Benzinga

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5 Cheap Value Stocks to Add to Your Portfolio

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…

Benzinga

Recap: Penske Automotive Group Q4 Earnings

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.

StockNews.com

3 Cheap Auto Dealership Stocks to Buy as Car Prices Remain Elevated

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).

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