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Penske Automotive Group Q2 2024 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
$3.61
Consensus EPS
$3.39
Beat/Miss
Beat by +$0.22
One Year Ago EPS
$4.41

Penske Automotive Group Revenue Results

Actual Revenue
$7.70 billion
Expected Revenue
$7.59 billion
Beat/Miss
Beat by +$110.54 million
YoY Revenue Growth
+3.10%

Penske Automotive Group Announcement Details

Quarter
Q2 2024
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
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
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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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