United Auto Group News

Penske Automotive Group, Inc. today announced that its Board of Directors has approved an 11% increase in the Company's dividend to $0.10 per share.

AutoNation, Inc . will unveil its latest earnings on Thursday, January 26, 2012.A The average estimate of analysts is for net income of 48 cents per share, a rise of 6.7% from the company's actual earnings for the same quarter a year ago.

Oracle or Private Equity firms may purchase Brocade Communications who is throwing off so much cash it might be worth 40% more than its current purchase price, according to a Bloomberg analysis.

Investment analysts at Goldman Sachs upped their price target on shares of Penske Automotive to $23.00 in a note issued to investors on Friday.

Equities research analysts at Sterne Agee initiated coverage on shares of Penske Automotive in a research note issued to investors on Tuesday.