Penske Automotive Group (PAG) Misses Q1 EPS by 7c, Revenues Miss, 1Q Same-Store Retail Revs. Down 12%

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Stephens Reiterates Overweight Rating on Penske Automotive Group (PAG) Following 1Q

May 7, 2020 7:26 AM EDT

Stephens analyst Rick Nelson reiterated an Overweight rating and $40.00 price target on Penske Automotive Group (NYSE: PAG) following the company's 1Q earnings report. PAG reported 1Q20 EPS of $0.64 vs. consensus estimate of $0.69. Nelson thinks consensus did not adequately reflect UK store closures in a... More