Penske Automotive Expanding Into UK With Acquisitions

Penske Automotive is on an aggressive expansion strategy through acquisitions. The company’s latest acquisition is in the U.K.

Summary

  • Penske is on an aggressive acquisitions spree to improve top-line growth.
  • Expansion into U.K. markets is a good move for Penske.
  • Penske's stock is a bit extended to the upside. I prefer stalking for a consolidation entry.
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