Penske Automotive Group Inc
PAG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| w>< | LOCK|#??!S | LOCK|t^#yr^ |
Penske Earnings: Cash Machine Funding More Acquisitions and a Dividend Hike
Penske's fourth quarter saw lower overhead cost scaling and same-store revenue declines of 3.6% in retail automotive and 6.2% in truck stores. The company maintained its emphasis on dividends, with its 21st consecutive quarterly increase, this time by 1.4% to $1.40 per share.
