Tranche Update on Penske Automotive Group, Inc.'s Equity Buyback Plan announced on February 19, 2010.
July 28, 2021
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From April 1, 2021 to June 30, 2021, the company has repurchased 348,231 shares, representing 0.43% for $28.77 million. With this, the company has completed the repurchase of 15,885,035 shares, representing 18.23% for $595.21 million under the buyback announced on February 19, 2010.
Penske Automotive Group, Inc. is a diversified international transportation services company. The Company is also engaged in automotive and commercial truck retailing. The Company operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and retailers of commercial trucks in North America for freightliner. The Company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The Retail Automotive segment consists of its retail automotive dealership operations. The Retail Commercial Truck segment consists of its retail commercial truck dealership operations in the United States and Canada. The Other segment consists of its commercial vehicle and power system distribution operations. The Non-Automotive Investments segment consists of its equity method investments in non-automotive operations, which includes its investment in Penske Transportation Solutions (PTS) and various other investments.