Chart of the Day - Penske Automotive Group (PAG)

The "Chart of the Day" is Penske Automotive Group (PAG), which showed up on Wednesday's Barchart "All Time High" list. Penske on Wednesday posted a new all-time high of $25.15 and closed up 2.83%. TrendSpotter has been Long since Jan 17 at $21.11. In recent news on the stock, Penske on Feb 15 reported Q4 EPS from continuing operations at 47 cents, above the consensus of 40 cents. Sterne Agee on March 14 reiterated its Buy rating and raised it target for Penske to $29 from $24. Gabelli on Feb 16 said that Penske shares should be bought on weakness and reiterated its Buy rating. Penske Automotive Group, with a market cap of $2.1 billion, is an operator of franchised automobile and light truck dealerships and related businesses.