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SEC Filings

10-Q
PENSKE AUTOMOTIVE GROUP, INC. filed this Form 10-Q on 10/26/2017
Entire Document
 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

During the third quarter of 2017, we repurchased 252,000 shares of our outstanding common stock for $10.0 million, or an average of $39.75 per share, under our securities repurchase program approved by our Board of Directors. As of September 30, 2017, our remaining authorization under the program was $19.4 million. In October 2017, our Board of Directors increased the authority delegated to management to repurchase our outstanding securities to $200.0 million.

 

 

 

 

 

 

 

 

 

 

 

 

 

Period

  

Total Number of Shares Purchased

  

 

Average Price Paid per Share

  

Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs

  

 

Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Program (in millions) (1)

  

July 1 to July 31, 2017

 

 —

 

$

 —

 

 —

 

$

29.5

 

August 1 to August 31, 2017

 

252,000

 

$

39.75

 

252,000

 

$

19.4

 

September 1 to September 30, 2017

 

 —

 

$

 —

 

 —

 

$

19.4

 

 

 

252,000

 

 

 

 

252,000

 

 

 

 

 


(1)

In October 2017, our Board of Directors increased the authority delegated to management to repurchase our outstanding securities to $200.0 million.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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