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Auto Dealerships M&A image Auto Dealerships M&A » By The Online Investor Staff, updated Thu., May. 13, 5:23 PM Recent mergers and acquisitions in the Auto Dealerships M&A category.

Slide #33. Penske Automotive Group, Inc. Savage BMW/MINI

Acquirer: Penske Automotive Group, Inc. (NYSE:PAG)
Acquiree: Savage BMW/MINI
Details: Penske Automotive Group, Inc., an international automotive retailer, today announced that the Company has acquired Savage BMW/MINI of Ontario, located in Ontario, California. Savage BMW/MINI of Ontario is ranked in the top twenty-five percent of BMW dealerships in the United States according to new unit volume. The acquired dealerships are expected to contribute approximately $125 million in annualized revenue.

Penske Automotive Group is a transportation services company that operates automotive and commercial truck dealerships and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services. Co. has four segments: Retail Automotive, consisting of its retail automotive dealership operations; Retail Commercial Truck, consisting of its retail commercial truck dealership operations in the United States and Canada; Other, consisting of its commercial vehicle and power systems distribution operations and other non-automotive consolidated operations; and Non-Automotive Investments, consisting of its equity method investments in non-automotive operations.

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Company Name: 
Penske Automotive Group Inc
Website: 
www.penskeautomotive.com
Sector: 
Auto Dealerships
Number of ETFs Holding PAG: 
48
Total Market Value Held by ETFs: 
$362.37M
Total Market Capitalization: 
$7.23B
% of Market Cap. Held by ETFs: 
5.01%
 

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Buy (3.44 out of 4)
51st percentile
(ranked higher than approx. 51% of all stocks covered)

Analysts' Target Price:
PAG Stock Forecast

Based on Zacks ABR data;
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