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Penske Automotive Group Q2 2023 Earnings Report

Penske Automotive Group logo
$157.38 +0.38 (+0.24%)
(As of 12/20/2024 05:31 PM ET)

Penske Automotive Group EPS Results

Actual EPS
$4.41
Consensus EPS
$3.98
Beat/Miss
Beat by +$0.43
One Year Ago EPS
$4.93

Penske Automotive Group Revenue Results

Actual Revenue
$7.47 billion
Expected Revenue
$7.20 billion
Beat/Miss
Beat by +$272.73 million
YoY Revenue Growth
+8.10%

Penske Automotive Group Announcement Details

Quarter
Q2 2023
Time
Before Market Opens

Conference Call Resources

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Penske Automotive Group Earnings Headlines

Analysts Set Penske Automotive Group, Inc. (NYSE:PAG) PT at $170.25
Penske Automotive initiated with a Buy at Benchmark
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About Penske Automotive Group

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.

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