3 Stocks Pushing The Specialty Retail Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Specialty Retail industry currently sits up 0.5% versus the S&P 500, which is down 0.3%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Penske Automotive Group (PAG) is one of the companies pushing the Specialty Retail industry lower today. As of noon trading, Penske Automotive Group is down $0.22 (-0.8%) to $28.52 on light volume Thus far, 54,358 shares of Penske Automotive Group exchanged hands as compared to its average daily volume of 362,900 shares. The stock has ranged in price between $28.39-$28.98 after having opened the day at $28.73 as compared to the previous trading day's close of $28.74.

Penske Automotive Group, Inc. operates as an automotive retailer. Penske Automotive Group has a market cap of $2.6 billion and is part of the services sector. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 51.1% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Penske Automotive Group a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Penske Automotive Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Penske Automotive Group Ratings Report now.

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