NYSE:PAGSpecialty Retail
Penske Sale Of Lexus Of Warwick Signals Ongoing Portfolio Reset
Penske Automotive Group (NYSE:PAG) has completed the sale of Lexus of Warwick in Rhode Island.
The buyer is the McGee Automotive Family, which plans to continue operating the dealership as a Lexus store.
The transaction marks a change in Penske Automotive Group's dealer portfolio and geographic mix.
Penske Automotive Group (NYSE:PAG) is a diversified transportation services company with a large network of franchised dealerships. The sale of Lexus of Warwick fits into a broader pattern of...