Penske Automotive Group Q1 2023 Earnings Report

Penske Automotive Group EPS Results

• Actual EPS: $4.31
• Consensus EPS: $4.03
• Beat/Miss: Beat by +$0.28
• One Year Ago EPS: $4.76

Penske Automotive Group Revenue Results

• Actual Revenue: $7.34 billion
• Expected Revenue: $7.02 billion
• Beat/Miss: Beat by +$320.42 million
• YoY Revenue Growth: +5.20%

Penske Automotive Group Announcement Details

• Quarter: Q1 2023
• Date: 4/26/2023
• Time: Before Market Opens

Penske Automotive Group (NYSE:PAG), a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. The company is also involved in the sale of new and used motor vehicles, maintenance and repair services, sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, replacement and aftermarket automotive products, collision repair services, and wholesale of parts. In addition, it operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as offers a range of used trucks. Further, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks and buses, and Dennis Eagle refuse collection vehicles with associated parts. Additionally, the company distributes diesel and gas engines, and power systems. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan.