Penske Automotive Acquires Don Allen Auto Service for $12.34M

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Penske Automotive ($NYSE:PAG) Group Inc. has acquired Don Allen Auto Service for a total of $12.34 million, as stated in a filing with the Securities and Exchange Commission. The acquisition of Don Allen Auto Service will likely expand the already extensive portfolio of Penske Automotive Group Inc. and strengthen their presence in the automotive service and repair sector. This acquisition is expected to enhance Penske’s ability to provide customers with greater repair options and higher levels of customer satisfaction.

The purchase of Don Allen Auto Service marks yet another milestone for Penske Automotive Group Inc., as they continue to expand their reach in the automotive industry. With this acquisition, Penske Automotive Group Inc. is sure to expand their services and increase their profitability.

Price History

Penske Automotive Group Inc. announced on Friday that they have acquired Don Allen Auto Service for $12.34M. The acquisition is expected to expand the company’s presence in the automotive service and repair market. On the same day, PENSKE AUTOMOTIVE stock opened at $162.5 and closed at $162.7, a decrease of 0.4% in comparison to the previous closing price of 163.4.

This acquisition is a part of the company’s strategy of expanding their portfolio of automotive services and products. The acquisition is also anticipated to bring new customers and revenue streams to the company. Live Quote…

About the Company

Income Snapshot

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Balance Sheet Snapshot

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Analysis

GoodWhale performed an analysis of PENSKE AUTOMOTIVE‘s financials and the results show that the company has a high health score of 8/10 in regards to its cashflows and debt. This indicates that PENSKE AUTOMOTIVE is capable of paying off debts and funding future operations. Furthermore, the Star Chart analysis showed that PENSKE AUTOMOTIVE is strong in dividend and growth, and medium in asset and profitability. After further analysis, we classified PENSKE AUTOMOTIVE as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors interested in such a company would likely be those looking for consistent returns and stability. They would be looking for a company with a solid competitive edge that can sustain its growth potential over the long-term. Investors looking to diversify their portfolios would also likely be interested in PENSKE AUTOMOTIVE due to its strong performance in dividend and growth. More…

Peers

Penske Automotive Group Inc is an American automotive retailer. It is the second largest publicly traded company in the United States behind AutoNation and is headquartered in Bloomfield Hills, Michigan. The company also owns and operates several automotive websites and a truck leasing and logistics company. Penske Automotive Group operates over 300 retail automotive franchises, representing over 40 different brands. The company also operates in the United Kingdom, Australia, and Mexico. Sonic Automotive Inc is an American automotive retailer.Headquartered in Charlotte, North Carolina, the company operates over 100 dealerships in 15 states. Asbury Automotive Group Inc is an American automotive retailer. As of 2016, Asbury Automotive Group operated 86 dealerships, made up of 77 franchises across the United States. Group 1 Automotive Inc is an American automotive retailer with its headquarters in Houston, Texas. As of 2016, Group 1 Automotive operated 175 dealerships and 153 franchises in the United States and United Kingdom.

– Sonic Automotive Inc ($NYSE:SAH)

Sonic Automotive Inc is a company that operates in the automotive retailing industry. As of 2022, it had a market capitalization of 1.77 billion dollars and a return on equity of 32.11%. Sonic Automotive Inc is a company that operates in the automotive retailing industry. It is based in Charlotte, North Carolina, and was founded in 1997. The company operates dealerships in the United States, and its brands include Audi, BMW, Cadillac, Chevrolet, Jaguar, Land Rover, Lexus, Mercedes-Benz, Porsche, and Volvo.

– Asbury Automotive Group Inc ($NYSE:ABG)

Asbury Automotive Group Inc is one of the largest automotive retailers in the United States. The company operates over 100 dealerships across the country, selling and servicing a variety of makes and models of cars and light trucks. Asbury’s return on equity is impressive, coming in at over 31%. This means that the company is generating a significant amount of profit relative to the amount of equity that shareholders have invested. Asbury’s market cap is just over $3.7 billion, making it a large company but still small enough to be considered nimble in the ever-changing automotive industry.

– Group 1 Automotive Inc ($NYSE:GPI)

Group 1 Automotive Inc is a publicly traded automotive retailer that offers new and used vehicles, parts and services, and financing options through its dealerships. As of 2022, the company had a market capitalization of 2.6 billion dollars and a return on equity of 33.54%. Group 1 Automotive Inc operates in the United States, the United Kingdom, Brazil, and Turkey. The company was founded in 1995 and is headquartered in Houston, Texas.

Summary

Penske Automotive Group, Inc. recently acquired Don Allen Auto Service for $12.34 million, according to a filing. This acquisition is expected to be beneficial for the company’s presence in the automotive service industry and could improve its competitive edge. It could also bring in new customers and help Penske Automotive Group, Inc. increase its market share.

The acquisition is also likely to have a positive impact on the company’s financial performance and profitability as it could lead to cost savings, better operational efficiency, and increased revenue. Investors should consider the potential benefits of this acquisition when evaluating Penske Automotive Group, Inc. stocks.