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penskeautomotive.com

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Investments

8

Portfolio Exits

3

Partners & Customers

3

About Penske Automotive Group

Penske Automotive Group (NYSE: PAG) is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Western Europe, and Canada. The company distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand. It is based in Bloomfield Hills, Michigan.

Penske Automotive Group Headquarter Location

2555 Telegraph Road

Bloomfield Hills, Michigan, 48302,

United States

248-648-2500

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Latest Penske Automotive Group News

German Union to Call Workers' Strike: Will It Hurt Amazon (AMZN)?

Nov 25, 2021

Amazon (AMZN) faces hurdles during the peak shopping season due to workers' strike in Germany. This story originally appeared on Zacks Amazon AMZN is likely to get a jolt in its preparation for the holiday season in the form of a workers’ strike in Germany starting this Thanksgiving through Black Friday. Reportedly, the German labor union named Verdi, is advising Amazon workers to go for a strike during this busy shopping period. Workers at AMZN’s three shipping centers located at Rheinberg, Koblenz and Graben are gearing up for a walkout on Thursday night. The union might take further action in the form of strikes at other locations of Amazon. The primary reason behind these work stoppages is the exploitation of workers, and their poor and unfair working conditions. - Zacks Disruption at Amazon The workers’ walkout at the time of Thanksgiving and Black Friday for an online retailer is a matter of grave concern. Moreover, such an industrial action in Germany, which emerged as the second-largest market for Amazon, is expected to jeopardize the e-commerce giant’s prospects in this peak shopping season. We note that the shipment and fulfillment centers aid AMZN in storing and shipping products, and handling returns quickly. These are crucial for Amazon for providing a better shopping experience to its customers. Consequently, the strike might impact Amazon’s performance negatively this holiday season. Moreover, AMZN provided a weaker holiday outlook for sales this time, which is a key negative. As the strike under discussion will predictably affect the holiday performance of Amazon, investors may turn apprehensive about the stock. Amazon’s Stance However, AMZN reportedly claimed that the workers are availing of safe, secured and favorable working conditions along with good career opportunities, robust benefits and an excellent pay. Additionally, Amazon’s strong strategies are focused on providing an enhanced shopping experience with the help of its robust product offerings, deep discounts on various items, Prime program, expanding freight and fast delivery services. These strategic endeavors are likely to continue driving its sales this season in many countries like the United States, the U.K., Canada and Australia, to name a few. Zacks Rank & Stocks to Consider Currently, Amazon carries a Zacks Rank #5 (Sell). AutoNation AN , Penske Automotive Group PAG and Target TGT are some better-ranked stocks in the broader Retail-Wholesale sector. While AutoNation and Penske Automotive Group sport a Zacks Rank #1 (Strong Buy) at present, Target carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. AutoNation has gained 82% on a year-to-date basis. The long-term earnings growth rate for the stock is currently projected at 24.44%. Penske Automotive has jumped 73.1% on a year-to-date basis. The long-term earnings growth rate is currently projected at 20.04%. Target has rallied 40.9% on a year-to-date basis. The long-term earnings growth rate is currently projected at 14.4%. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.

Penske Automotive Group Investments

8 Investments

Penske Automotive Group has made 8 investments. Their latest investment was in Ridecell as part of their Series B - II on November 11, 2018.

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Penske Automotive Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/13/2018

Series B - II

Ridecell

$31.39M

No

3

5/15/2018

Series B

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$99M

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10

10/20/2017

Series A

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$99M

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10

1/7/2016

Corporate Minority

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$99M

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10

8/14/2000

Unattributed VC - IV

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$99M

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10

Date

11/13/2018

5/15/2018

10/20/2017

1/7/2016

8/14/2000

Round

Series B - II

Series B

Series A

Corporate Minority

Unattributed VC - IV

Company

Ridecell

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Amount

$31.39M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

3

10

10

10

10

Penske Automotive Group Portfolio Exits

3 Portfolio Exits

Penske Automotive Group has 3 portfolio exits. Their latest portfolio exit was Internet Brands on November 10, 2007.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/10/2007

IPO

00/00/0000

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$991

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10

00/00/0000

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10

Date

11/10/2007

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

Acquirer

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Sources

10

10

Penske Automotive Group Acquisitions

14 Acquisitions

Penske Automotive Group acquired 14 companies. Their latest acquisition was McCoy Freightliner on November 16, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/16/2021

Acquired

1

3/4/2021

Acquired

3

12/12/2017

Acquired

1

4/10/2017

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$99M

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10

2/16/2017

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$99M

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10

Date

11/16/2021

3/4/2021

12/12/2017

4/10/2017

2/16/2017

Investment Stage

Companies

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Valuation

Total Funding

$99M

$99M

Note

Acquired

Acquired

Acquired

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Sources

1

3

1

10

10

Penske Automotive Group Partners & Customers

3 Partners and customers

Penske Automotive Group has 3 strategic partners and customers. Penske Automotive Group recently partnered with Team Corporation on February 2, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

2/24/2017

Partner

Team Corporation

United States

Shell and Penske forge the future of transport alliances

The knowledge Shell and Pennzoil gain through these alliances help address tomorrow 's world mobility energy challenge with efficient solutions that power and protect motorists around the globe .

1

6/6/2013

Vendor

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10

8/7/2006

Client

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10

Date

2/24/2017

6/6/2013

8/7/2006

Type

Partner

Vendor

Client

Business Partner

Team Corporation

Country

United States

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News Snippet

Shell and Penske forge the future of transport alliances

The knowledge Shell and Pennzoil gain through these alliances help address tomorrow 's world mobility energy challenge with efficient solutions that power and protect motorists around the globe .

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Sources

1

10

10

Penske Automotive Group Team

1 Team Member

Penske Automotive Group has 1 team member, including former Chief Financial Officer, James McKinney.

Name

Work History

Title

Status

James McKinney

Chief Financial Officer

Former

Name

James McKinney

Work History

Title

Chief Financial Officer

Status

Former

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