Penske Automotive Group Inc at Gabelli Automotive Aftermarket Symposium (Virtual) Transcript
So Penske Automotive Group is our next company. We're very lucky to have Tony Pordon here with us, and we'll get into some Q&A in just a minute here.
But Penske Automotive Group, which is a Bloomfield Hills, Michigan-based diversified international transportation services company, that's a mouthful, but it really speaks to the amount of really great businesses this company has under its umbrella. It's the second-largest automotive retailer in the U.S. It's the largest luxury vehicle dealer in the U.K.; has over 25 stand-alone medium heavy-duty truck dealerships in the U.S. and Canada; is growing a significant used-only super store base in the U.S. and U.K.; has an engine distribution and repair business in Australia; and also, by the way, owns just under 29% of Penske Truck Leasing, which is a business that you'd find very few going as well as that is right now.
The company has about 80 million shares, actually fewer now; trades at approximately $105 in the book; $8.4 billion equity cap. There's about $1.2 billion of net
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