: Penske Automotive’s stock slides premarket after profit miss amid ‘challenging’ used car market

<p>Penske Automotive Group Inc.’s stock PAG fell 2.5% in early trade Wednesday, after the used and new car dealer missed profit expectations for the third quarter. Bloomfield Hills, Michigan-based Penske posted net income of $263.4 million, or $3.92 a share, for the quarter, down from $340.1 million, or $4.61 a share, in the year-earlier period. [&#8230;]</p>
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