Penske

Penske Stock Revving Up For Another Road Trip Higher?

Cars for sale have been in short supply, giving auto sellers like Penske Automotive Group (PAG) pricing power. On Tuesday, Penske stock hit an important technical milestone, with its Relative Strength (RS) Rating entering into the 90-plus percentile due to an upgrade to 91, up from 88 the day before.




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The new 91 RS Rating means that Penske stock has outperformed 91% of all stocks over the past year. Market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 at the beginning of a new price run.

Penske Stock Roared 400% Higher From Early 2020

A semiconductor shortage has hit new car makers hard, in most cases forcing them to cut back on production. With new car prices rising and in short supply, consumers turned to the used car market. That, in turn, has led

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Penske Revs Up Buy Point On 698% EPS Growth, AI-Driven Way For Users To Buy Cars Online

Penske Automotive (PAG) is revving up a potential new breakout as it debuts a new automated platform to help people buy cars online. That move comes as Penske already has its foot on the pedal, driving 698% earnings growth and a 91% spike in revenue last quarter.




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Like some of the high-performance cars Penske sells, PAG stock has motored its way onto a spot on the IBD Breakout Stocks Index.

Penske Automotive has a 95 Composite Rating, putting it within the top 5% of all companies based on the most important stock-picking traits.

In Stock Checkup, Penske ranks No. 4 within the automotive retailers industry. AutoNation (AN), Asbury Automotive (ABG) and Lazydays (LAZY) are also among the top car dealers in the group.

Penske Innovates How People Buy Cars Online

In July, Penske Automotive and Cox Automotive

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Penske Automotive Group Inc (PAG) Q1 2021 Earnings Call Transcript

Logo of jester cap with thought bubble.

Image source: The Motley Fool.

Penske Automotive Group Inc (NYSE:PAG)
Q1 2021 Earnings Call
Apr 28, 2021, 2:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good afternoon, ladies and gentlemen. Welcome to the Penske Automotive Group First Quarter 2021 Earnings Conference Call. Today’s call is being recorded and will be available for replay approximately one hour after completion through May 5, 2021, on the company’s website under the Investors tab at www.penskeautomotive.com. I will now introduce Anthony Pordon, the company’s Executive Vice President of Investor Relations and Corporate Development. Sir, please go ahead.

Anthony R. PordonExecutive Vice President of IR & Corporate Development

Thank you, Maria. Good afternoon, everyone, and also thank you for joining us today. A press release detailing Penske Automotive Group’s first quarter 2021 financial results was issued this morning and is posted on our website

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