Penske Automotive Group Has Been Busy
PAGPenske Automotive (PAG) Seeking Alpha·2024-08-01 21:34

Monty Rakusen/DigitalVision via Getty Images Auto Dealer Stocks Hit The Accelerator In July It's been nine months since I last eovered Penske Automotive Group (NY SE:PAG). The story didn't change much for most of that period. The company continues to show nice revenue growth, hitting a quarterly record in 2Q 2024. This has not been translating to the bottom line, however, as margins have been returning to normal since hitting unsustainably high levels during the immediate post-pandemic period in 2022. Recal ...