PAG - Board Member Of Penske Automotive Group Sold $1.33M In Stock | Benzinga
It was reported on December 13, that Sandra Pierce, Board Member at Penske Automotive Group (NYSE:PAG) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Pierce sold 8,750 shares of Penske Automotive Group. The total transaction amounted to $1,326,675.
In the Thursday's morning session, Penske Automotive Group's shares are currently trading at $155.87, experiencing a down of 0.0%.
Discovering Penske Automotive Group: A Closer Look
Penske Automotive Group operates in about 20 U.S. states and overseas. It has about 150 U.S. light-vehicle stores including in Puerto Rico as well as 189 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, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 20 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name ...