PAG - Director Of Penske Automotive Group Sold $239K In Stock | Benzinga
Revealing a significant insider sell on February 20, GREG SMITH, Director at Penske Automotive Group (NYSE:PAG), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday outlined that SMITH executed a sale of 1,604 shares of Penske Automotive Group with a total value of $239,600.
As of Tuesday morning, Penske Automotive Group shares are down by 0.0%, currently priced at $149.19.
Delving into Penske Automotive Group's Background
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 in 2007.
Penske Automotive Group: A Financial Overview
Revenue Growth: ...