Penske Automotive Group Inc
NYSE:PAG

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Penske Automotive Group Inc
NYSE:PAG
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Price: 152.53 USD 0.44% Market Closed
Market Cap: 10.2B USD
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Penske Automotive Group Inc
Investor Relations

Penske Automotive Group Inc., a name synonymous with automotive excellence, operates a sprawling network of retail automotive dealerships across the world. Founded by the legendary automotive entrepreneur Roger Penske, the company has grown to become one of the largest and most diversified automotive retailers in the world. At its core, Penske Automotive excels through its strategic acquisition model, buying and managing high-performance car dealerships primarily across the United States, the United Kingdom, and Australia. This model allows Penske to leverage economies of scale, benefit from geographic diversification, and sharpen operational efficiencies. Each dealership is equipped to provide a comprehensive range of services that cater to every consumer need, from new and pre-owned vehicle sales to offering parts and services that ensure each vehicle continues to perform at its peak.

The magic in Penske's financial model lies in its ability to diversify revenue streams within the dealership. The direct sale of vehicles, both new and certified pre-owned, forms the bedrock of their revenue. However, the company deftly amplifies profitability by cultivating a robust parts and service business, providing essential maintenance and repairs that ensure customer loyalty long after the initial sale. Additionally, Penske enhances its financial performance through its finance and insurance (F&I) offerings, which include vehicle warranties, insurance products, and leasing agreements that add high-margin revenue. This combination of diversified revenue avenues not only shields the company against market volatility but also drives consistent growth, reinforcing its status as a leader in the automotive retail sector.

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Management

Mr. Roger S. Penske Sr.
Chairman & CEO
No Bio Available
Mr. Robert H. Kurnick Jr.
President & Director
No Bio Available
Mr. Shane M. Spradlin
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Claude H. Denker III
Executive Vice President of Human Resources
No Bio Available
Mr. Richard A. Hook
Executive VP & Chief Information Officer
No Bio Available
Mr. Anthony R. Pordon
Executive Vice President of Investor Relations & Corporate Development
No Bio Available
Ms. Tracy Cassady
Executive VP & Chief Marketing Officer
No Bio Available
Mr. George W. Brochick
Executive Vice President of Strategic Development
No Bio Available
Mr. Bernie Wolfe
Executive Vice President of Western Region U.S Operations
No Bio Available
Mr. Gerard Edward Nieuwenhuys
Chairman of the Sytner Group
No Bio Available

Contacts

Address
MICHIGAN
Bloomfield Hills
2555 S Telegraph Rd
Contacts