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Penske Automotive Expands Presence In The United Kingdom

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Penske Automotive Expands Presence In The United Kingdom

Penske Automotive Expands Presence In The United Kingdom

– BLOOMFIELD HILLS, Mich., Jan. 6, 2017 /PRNewswire/ — Penske Automotive Group (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 of used vehicles.CarShop retails high-quality used vehicles at fixed retail prices as part of a transparent customer buying experience.CarShop has been in operation since 1999 and has five large-scale retail locations operating in Cardiff, Swindon, Northampton, Norwich and Doncaster, plus a 15-acre vehicle preparation center in Leighton Buzzard which is capable of reconditioning 45,000 vehicles annually.

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Penske Automotive to acquire UK retailer of used vehicles CarShop

Penske Automotive to acquire UK retailer of used vehicles CarShop

– Penske Automotive Group PAG, -0.17% said Friday it has reached an agreement to acquire CarShop, a U.K. retailer of used vehicles for an undisclosed sum.Penske said it expects the deal to add 7 cents to 9 cents to per-share earnings and generate $340 million in revenue on an annualized basis.CarShop has five large-scale retail locations in Cardiff, Swindon, Northampton, Norwich and Doncaster, as well as a 15-acre vehicle preparation center in Leighton Buzzard, a town in Bedfordshire.

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Watching the Levels on Shares of Penske Automotive Group, Inc. (NYSE

Watching the Levels on Shares of Penske Automotive Group, Inc. (NYSE

– Tracking volatility data, Penske Automotive Group, Inc. (NYSE:PAG)’s 12 month volatility is currently 39.521900.The 6 month volatility is 32.992000, and the 3 month is noted at 35.455500.Watching historical volatility data can help gauge how much the stock price has fluctuated over the certain period of time.

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Penske Automotive buys U.K. auto retailer – Penske Automotive Group, Inc. (NYSE:PAG)

Penske Automotive buys U.K. auto retailer - Penske Automotive Group, Inc. (NYSE:PAG)

– Penske Automotive Group (NYSE:PAG) announces that it acquired U.K. retailer CarShop for an undisclosed amount.CarShop has five large-scale retail locations operating in the U.K., plus a 15-acre vehicle preparation center.”The acquisition of CarShop furthers our diversification strategy within the transportation services industry, and is complementary to our existing core auto retail business,” notes Roger Penske.

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