Penske Automotive: The story that started on the race track

The dividend-paying car sales company, which surged 8.8% after its recent quarterly results, is still trading well below its fair value. Will it continue to do well in the quarters ahead, supporting its stock on its way to new highs?

The company operates more than 300 dealerships worldwide, offering a wide range of new and used vehicles from a variety of brands, including luxury and premium brands such as Audi, BMW, Mercedes-Benz, Porsche and Ferrari. In addition to vehicle sales, Penske Automotive also provides vehicle maintenance and repair services, auto financing and insurance, as well as parts and accessories.

Outside of the automotive industry, Penske Automotive Group also owns and operates truck stops and distribution centers, expanding its reach into the transportation and logistics sector. Penske Automotive Group is dedicated to providing excellent customer service and maintaining strong relationships with automotive manufacturers. The company is constantly expanding and…