|Day Low/High||43.54 / 44.38|
|52 Wk Low/High||38.49 / 53.84|
An oversupply of vehicles is causing automaker incentives to ramp up as a squeeze continues on suppliers and dealers.
Penske followed along with other automotive retailers that got hit in Monday's session on Brexit worries.
Brexit worries continued to weigh on markets in Monday's trading.
Look for Street forecasts to continue to be shifted down from last year's highs.
Jim Cramer says several stocks, including Ford, JP Morgan, and eBay Would be Hurt by a Brexit
The hits just keep on coming for retailers. Following dismal forward guidance earlier this week from The Gap (GPS), Macy's (M) and Fossil (FOSL) issued similarly downbeat outlooks over the past day or so as well. The "oil-dividend thesis" is played ...
A weekly close below $40 is likely to mean a deeper decline to the next support level or support zone in the $35 to $30 area for PAG.
Auto-loan regulation could rattle some publicly traded auto dealers.
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These retailers are undergoing upward earnings revisions and offer growth at a reasonable price.