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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25.41% per year. These returns cover a period from January¿¿1, 1988 through March 1, 2021. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
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Penske Automotive Group, Inc.
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.