Penske Automotive Looks Fairly Valued
- Friday, January 29, 2021, 7:10
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At the current price near $60 per share, we believe Penske Automotive Group Inc’s stock has reached its near term potential. PAG stock has risen 20% since the end of 2019 compared to the S&P 500 which has increased by 16% in the same period. Penske saw revenue fall by 15% in the first 3 quarters…
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