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Penske Automotive Group, Inc.

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Penske Automotive’s third-quarter 2015 earnings improved year over year but missed the Zacks Consensus Estimate. Revenues also increased year over year and marginally surpassed the Zacks Consensus Estimate. The year-over-year upside in the top line was driven by a rise in total retail sales. Penske Automotive is poised to benefit from increasing dealerships and the rising sales of new vehicles. The company also focuses on regular share repurchases and dividend hikes to boost shareholder value. However, the large merchandise inventory and intensifying competition in the industry pose concerns. Further, Penske Automotive’s business is exposed to fluctuations in foreign exchange rates.

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