Penske Automotive Group Files 8-K for Upcoming Financial Disclosure
Ticker: PAG · Form: 8-K · Filed: 2024-02-07T00:00:00.000Z
Sentiment: neutral
Topics: financial-disclosure, corporate-event, 8-K
TL;DR
**PAG filed an 8-K, signaling upcoming financial results disclosure.**
AI Summary
Penske Automotive Group, Inc. (PAG) filed an 8-K on February 7, 2024, to announce the date of an upcoming event related to its financial results. This filing indicates that the company will be disclosing its financial condition and results of operations, likely for the period ending December 31, 2023, as its fiscal year ends on this date. This matters to investors because it signals that important financial performance data will soon be released, which could impact the stock price.
Why It Matters
This filing signals that Penske Automotive Group (PAG) is preparing to release its financial results, which will provide crucial insights into the company's performance and future outlook.
Risk Assessment
Risk Level: low — This 8-K is a routine procedural filing announcing an upcoming event, not a disclosure of negative information.
Analyst Insight
A smart investor would mark their calendar for Penske Automotive Group's upcoming financial results release and prepare to analyze the disclosed data for insights into the company's performance and future prospects.
Key Players & Entities
- Penske Automotive Group, Inc. (company) — the registrant filing the 8-K
- February 7, 2024 (date) — the date of the earliest event reported and filing date
- Delaware (company) — state of incorporation for Penske Automotive Group, Inc.
- 248-648-2500 (dollar_amount) — Penske Automotive Group's business phone number
- New York Stock Exchange (company) — where Penske Automotive Group's Voting Common Stock is registered
FAQ
What is the purpose of this 8-K filing by Penske Automotive Group, Inc.?
This 8-K filing, dated February 7, 2024, is to report on 'Results of Operations and Financial Condition,' 'Regulation FD Disclosure,' and 'Other Events,' indicating that the company is preparing to disclose its financial performance.
What is the trading symbol for Penske Automotive Group, Inc. and on which exchange is it listed?
Penske Automotive Group, Inc.'s trading symbol is PAG, and its Voting Common Stock is registered on the New York Stock Exchange.
What is the business address of Penske Automotive Group, Inc. as stated in the filing?
The business address of Penske Automotive Group, Inc. is 2555 Telegraph Road, Bloomfield Hills, Michigan 48302.
What is the state of incorporation for Penske Automotive Group, Inc.?
Penske Automotive Group, Inc. is incorporated in Delaware.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 7, 2024.
Filing Stats: 646 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-02-07 12:00:26
Key Financial Figures
- $0.0001 — istered Voting Common Stock, par value $0.0001 per share PAG New York Stock Exchange
Filing Documents
- pag-20240207.htm (8-K) — 32KB
- q423exhibit99_1.htm (EX-99.1) — 1025KB
- picture1a.gif (GRAPHIC) — 49KB
- picture2a.gif (GRAPHIC) — 36KB
- 0001019849-24-000013.txt ( ) — 1345KB
- pag-20240207.xsd (EX-101.SCH) — 2KB
- pag-20240207_lab.xml (EX-101.LAB) — 23KB
- pag-20240207_pre.xml (EX-101.PRE) — 12KB
- pag-20240207_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 7, 2024, we issued a press release announcing our fourth quarter and full year 2023 financial results and other information. A copy of the press release is furnished as Exhibit 99.1. The information contained in this Current Report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The information set forth in Item 2.02 is incorporated into this Item 7.01 by reference.
01 Other Events
Item 8.01 Other Events. Investors and others should note that we announce material financial information using our company website (www.penskeautomotive.com), our investor relations website (investors.penskeautomotive.com), SEC filings, press releases, public conference calls, and webcasts. Information about Penske Automotive Group, Inc. ("Penske Automotive"), its business, and its results of operations may also be announced by posts on the following social media channels: Penske Automotive Group's X feed (www.twitter.com/penskecars) Penske Automotive Group's Facebook page (www.facebook.com/penskecars) Penske Automotive Group's Instagram page (www.instagram.com/penskecars) Penske Automotive Group's Social website (www.penskesocial.com) The information that we post on these social media channels could be deemed to be material information. As a result, we encourage investors, the media, and others interested in Penske Automotive to review the information that we post on these social media channels. These channels may be updated from time to time on Penske Automotive's investor relations website.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Index Exhibit No. Description 99.1 Press Release. 104 Cover Page Interactive Data File (formatted as inline XBRL).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Penske Automotive Group, Inc. February 7, 2024 By: /s/ Shane M. Spradlin Name: Shane M. Spradlin Title: Executive Vice President