Penske Automotive Group, Inc. (NYSE:PAG) signed an agreement to acquire Car Sense, Inc. on December 1, 2016. The completion of the transaction is subject to customary conditions and is expected to close in the first quarter of 2017. The acquisition is expected to generate estimated annual revenue of approximately $350 million with accretion estimated to be $0.07 to $0.09 per share on an annualized basis. Rob Steele, Michael Carr, Rose Yan, Michael Burton and Ken Mang of Stifel, Nicolaus & Company, Incorporated acted as financial advisors to Car Sense. Daniel McDonough of Pepper Hamilton LLP acted as legal advisor to Penske Automotive Group, Inc. Penske Automotive Group, Inc. (NYSE:PAG) completed the acquisition of Car Sense, Inc. on January 9, 2017.