2017 Press Releases

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02/16/2017Penske Automotive Completes Acquisition of U.K.-Based CarShop
Scalable, Stand-alone Used Car Centers to Expand PAG's U.K. Operations Expected Accretion of $0.07 to $0.09 per Share BLOOMFIELD HILLS, Mich., Feb. 16, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider and a leading retailer of prestige vehicles in the U.K., announced today that it has completed the acquisition of CarShop, one of the U.K.'s leading retailers of used vehicles.  CarShop retails high-quality used vehicles at fixed ret... 
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02/09/2017Penske Automotive Increases Dividend
Shareholders to Receive $0.30 per Share BLOOMFIELD HILLS, Mich., Feb. 9, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, today announced that its Board of Directors has approved an increase in the cash dividend to $0.30 per share for the fourth quarter of 2016.  Commenting on the dividend, Penske Automotive Group President Robert H. Kurnick, Jr., said, "Based on the strength of the company's financial performance in the fo... 
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02/07/2017Penske Automotive Reports Record Fourth Quarter And Full Year Results
Full Year Income From Continuing Operations of $343.9 Million and Earnings Per Share of $4.00 Q4 Income from Continuing Operations of $82.5 Million and Earnings Per Share of $0.97 Q4 Adjusted Income from Continuing Operations of $77.4 Million and Adjusted Earnings Per Share of $0.91 BLOOMFIELD HILLS, Mich., Feb. 7, 2017 /PRNewswire/ -- Fourth Quarter 2016 Twelve Months 2016 -- Revenue Decreases 0.7% to $4.9 Billion, Excluding Foreign Exchange ... 
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01/17/2017Penske Automotive Group To Host Fourth Quarter And Full-Year Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jan. 17, 2017 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, will host its fourth quarter and full-year financial results conference call as follows: WHEN: Tuesday, February 7, 2017 TIME: 2:00 p.m. Eastern Standard Time PHONE: United States, please call (800) 553-5275 International, please ca... 
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01/11/2017Penske Automotive Completes Acquisition Of CarSense
Scalable, Stand-alone Used Car Centers to Expand PAG Operations Expected Accretion of $0.07 to $0.09 per Share BLOOMFIELD HILLS, Mich., Jan. 11, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE:PAG), an international transportation services provider, announced today that it has completed the acquisition of CarSense, a stand-alone specialty retailer of used vehicles in the United States.  CarSense has five locations operating in the Philadelphia and Pittsburgh, Pennsylvania, market ... 
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01/06/2017Penske Automotive Expands Presence In The United Kingdom
Signs Agreement to Acquire CarShop -- A U.K. Used Vehicle Supermarket Scalable, Stand-alone Used Car Centers to Expand PAG's UK Operations Expected Accretion of $0.07 to $0.09 per Share BLOOMFIELD HILLS, Mich., Jan. 6, 2017 /PRNewswire/ -- Penske Automotive Group (NYSE: PAG), an international transportation services provider and the leading retailer of prestige vehicles in the U.K., announced today that it has signed an agreement to acquire CarShop, one of the U.K.'s leading retailers... 
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