PAG - Penske Automotive Group Board Member Sold $303K In Company Stock | Benzinga
RONALD STEINHART, Board Member at Penske Automotive Group (NYSE:PAG), reported an insider sell on February 20, according to a new SEC filing.
What Happened: STEINHART's recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled the sale of 2,029 shares of Penske Automotive Group. The total transaction value is $303,497.
Monitoring the market, Penske Automotive Group's shares down by 2.01% at $146.19 during Tuesday's morning.
All You Need to Know About Penske Automotive Group
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.