Penske Automotive Group, Inc. (NYSE:PAG) is looking for acquisitions. Anthony Pordon, Executive Vice President of Investor Relations and Corporate Development said, "I think we hit a milestone on a trailing 12-month basis at the end of September where we went over $2 billion in EBITDA, which gives us significant and strong cash flow, and that gives us the opportunity to make a lot of acquisitions, which we've done, invest for future growth and return capital to shareholders. We're going to make acquisitions".
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147.9 USD | +0.31% | -1.38% | -7.83% |
Apr. 10 | BofA Securities Raises Price Target on Penske Automotive to $180 From $175, Maintains Buy Rating | MT |
Apr. 09 | Sector Update: Consumer Stocks Advance Premarket Tuesday | MT |
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1st Jan change | Capi. | |
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+15.21% | 11.51B | |
-15.23% | 10.29B | |
+2.64% | 6.43B | |
-4.38% | 4.34B | |
-30.41% | 3.96B | |
-3.16% | 3.79B | |
+28.50% | 2.17B | |
-11.26% | 2.14B | |
-33.52% | 1.93B |
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