|Last Price$49.30||Day Change (%)1.05%|
|Open Price$48.82||Day Change ($)0.51|
|Day Range48.64–49.34||52-Week Range36.36–52.70|
As of Thu 3/5/2015 5:02:00 PM | USD
Penske Automotive Reports Record Results
Buffett will increase the competition for acquisitions, but there are still plenty of opportunities for the publicly traded dealers in this fragmented market, writes Morningstar’s David Whiston.
The dealers are the only auto sector we cover in which all firms enjoy an economic moat.
Widening investment-grade credit spreads and rising interest rates lead to losses.
Slowing global industrial activity presents compelling long-term investment opportunities among a handful of companies.