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Penske Automotive Group, Inc.

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Penske Automotive’s fourth-quarter 2015 earnings improved year over year and were in line with the Zacks Consensus Estimate. Revenues also increased year over year and surpassed the Zacks Consensus Estimate. The year-over-year growth in revenues was driven by a rise in total retail automotive sales. However, the large merchandise inventory and intensifying competition in the industry pose concerns. Rising competition and increasing price transparency can lead to lower selling prices, thus affecting the profits of the company. Further, Penske Automotive’s business is exposed to fluctuations in foreign exchange rates.

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