Penske Automotive Group Inc. (PAG) Climbs to Annual-High Share Price
Shares of Penske Automotive Group Inc. (NYSE:PAG) traded at a new 12-month high today of $119.47. Approximately 52,000 shares have changed hands today, as compared to an average 30-day volume of 364,000 shares. Penske Automotive Group Inc. is currently priced 14.3% above its average consensus analyst price target of $99.83. Penske Automotive Group operates in 20 U.S. states and overseas. It has 147 U.S. light-vehicle stores including in Puerto Rico as well as 174 franchised dealerships overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands,…