Penske deserves to trade in line with peers-Barron's

Newswire

NEW YORK, Oct 31 (Reuters) - Shares of Penske Automotive Group should at least trade in range with peers, and could jump as much as 30 percent within a year, according to a report in Barron's financial newspaper. The No. 2 U.S.-based auto dealership group posted a higher-than-expected quarterly profit earlier this month. [ID:nN22162973]. Yet its shares, which closed Friday at $13.45, continue to trade below rivals AutoNation Inc and CarMax Inc . The company, which is expected to earn ...

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