Penske Automotive Group, Inc.’s PAG subsidiary, Premier Truck Group has acquired Harper Truck Centres, a Freightliner, Western Star, Thomas Built Bus and Fuso commercial truck dealership. This group operates in Ontario, Canada.The Harper Truck Centres group operates through five dealerships in the greater Toronto market area and services Highway 401. This serves as a major access route for trucks between Buffalo, NY, and Detroit, MI. Penske Automotive expects that this acquisition will add annual revenues of $130 million.Additionally, the company thinks that the buyout complements its partnership with Freightliner and Western Star brands, which are the division and subsidiary of Daimler AG’s DDAIF subsidiary, Daimler Trucks North America. Daimler Trucks North America has a strong market share in Canada. Thus, this acquisition will provide huge market potential to Penske Automotive and lead to business opportunities in the future.Penske Automotive aims to boost earnings by expanding its dealership network. In Jan 2016, the company announced that it has acquired a 49% equity ownership interest in Nicole Group, a luxury dealership group that operates in Kanagawa and Tokyo, Japan. With this stake buy, Penske Automotive entered the Japanese market with a strong and established local partner. The company expects to benefit from the strength of the luxury dealership group’s existing business in addition to expanding further through growth and acquisitions.Zacks Rank & Key PicksPenske Automotive currently carries a Zacks Rank #4 (Sell).Some better-ranked automobile stocks include Cooper Tire & Rubber Co. CTB and Superior Industries International, Inc. SUP. Both the stocks sport a Zacks Rank #1 (Strong Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PENSKE AUTO GRP (PAG): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report SUPERIOR INDS (SUP): Free Stock Analysis Report COOPER TIRE (CTB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research