Penske Automotive Group Inc. Earnings: Record Profits Despite Weak Car Sales
Penske Automotive (NYSE: PAG) this week posted second-quarter earnings results that were hurt by a slowdown in new car sales. The auto retailer still generated higher sales and record profits, though, thanks to contributions from other areas of the business, especially its parts and services division.
Here's how the headline results compared to the prior-year quarter:
Metric
Source: Fool.com
Penske Automotive Stock
€135.00
-0.740%
Based on 3 Buy predictions and 3 Sell predictions the sentiment towards Penske Automotive is rather balanced.
As a result the target price of 137 € shows a slightly positive potential of 1.48% compared to the current price of 135.0 € for Penske Automotive.
