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Roger Penske

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  1. Berkshire’s Entrance Won’t Radically Alter Dealership Landscape

    Headlines

    Thu, 2 Oct 2014

    stand-alone used vehicle store strategy and the Smith family may have no interest in selling since it has its own vision. Roger Penske , 77, controls Penske Automotive Group but has said in the past that he has no plans to retire. Morningstar Premium

  2. Penske Reports All-Time Record Quarter to Start 2014

    Commentary

    Fri, 25 Apr 2014

    Management estimated that weather cost the company $0.04 in the quarter, mostly from lost service business, but CEO Roger Penske thinks the company will get most of any lost new-vehicle sales back this year. We continue to look for U.S. new

  3. AutoNation's CFO Resigns, Firm to Search for Replacement

    Commentary

    Wed, 8 Jan 2014

    to stay on the job for many years to come and said he paces himself to Penske Automotive Group’s chairman and CEO, Roger Penske . Penske is 76 years old and Jackson is 64 according to each firms’ latest proxy, so we expect Jackson to remain

  4. Penske's Third-Quarter Results Beat Consensus but Stock Still Looks Rich to Us

    Commentary

    Fri, 2 Nov 2012

    quarter to offset the entire gross margin decline as operating margin did fall 10 bps year-over-year to 2.6%. CEO Roger Penske gave some guidance on the impact of Hurricane Sandy but management does not yet know the full impact. Penske expects

  5. Penske Automotive First Quarter Beats Expectation

    Commentary

    Wed, 25 Apr 2012

    of lower year-over-year gross margin but better SG&A leveraging as we expect new vehicle volumes to rise. CEO Roger Penske expects industry sales in 2012 of 14.0 million-14.5 million units, and we think that is a reasonable assumption

  6. Penske Automotive Reports Strong Second-Quarter Results

    Commentary

    Thu, 21 Jul 2011

    continue to increase production, though it appears Lexus and Acura will not be back to normal until the fourth quarter. Roger Penske stated on the call that he sees Honda about 60 days behind Toyota in its recovery efforts. Third quarter should still

  7. Penske Reports 2009 Results

    Commentary

    Fri, 19 Feb 2010

    automaker. However, we are not worried about Toyota's long-term competitive position. We are encouraged to hear CEO Roger Penske say on the call that the company's used Toyota brand volume is flat this month compared to a year ago. Management

  8. Penske Announces Stock Offering

    Commentary

    Thu, 21 Jan 2010

    we expect the offering to be fully oversubscribed. Roger Penske is not selling any of his personal holdings of Penske ..... states that after the offering Penske Corporation, Roger Penske and Japan's Mitsui & Co. will own 52.4% of Penske

  9. Penske Reports 3Q Results

    Commentary

    Fri, 30 Oct 2009

    basis. Regardless of where used-vehicle prices go, Penske Automotive continues to be in great financial health. CEO Roger Penske did not provide any new information as to why the company backed out of the Saturn deal at the last minute. He did

  10. Penske Reports 2Q Results

    Commentary

    Thu, 30 Jul 2009

    Liquidation Company MTLQQ (Old General Motors), CEO Roger Penske says that the company continues its due diligence and ..... channel for Saturn and ultimately another automaker. Roger Penske will not comment at this time as to who this other automaker

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