Penske Automotive Group Stock Dips After Q3 Earnings Miss Amid Continued Freight Challenges [Yahoo! Finance]
Penske Automotive Group, Inc. (PAG)
Last penske automotive group, inc. earnings: 2/5 06:59 am
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investors.penskeautomotive.com
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Source: Yahoo! Finance
The company reported earnings per share of $3.39, missing the street view of $3.42. Quarterly sales of $7.59 billion (+2%) missed the analyst consensus of $7.67 billion. The company reported quarterly retail automotive service and parts revenue of $778.0 million, marking a 14% growth. Additionally, same-store retail automotive service and parts revenue rose by 7%, while related gross profit increased by 6%. Also Read: McDonald's Q3 Earnings: Revenue And Profit Beat, Global Comp Sales Dip, No Mention Of E.coli Impact “New and used retail automotive gross profit per unit remained strong, retail automotive service and parts performed at record levels, the retail commercial truck business performed well, selling, general, and administrative expenses remained well controlled, and the equity income from Penske Transportation Solutions increased 14% sequentially despite continued freight challenges,” said Chair and CEO Roger Penske. As of September 30, Premier Truck Group operated 4
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PAG
News
- Penske Automotive Group, Inc. (PAG) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Penske Automotive GAAP EPS of $3.39 beats by $0.05, revenue of $7.59B misses by $80M [Seeking Alpha]Seeking Alpha
- PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTSPR Newswire
- PENSKE AUTOMOTIVE GROUP SIGNS AGREEMENT TO ACQUIRE ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIA [Yahoo! Finance]Yahoo! Finance
- PENSKE AUTOMOTIVE GROUP SIGNS AGREEMENT TO ACQUIRE ADDITIONAL PORSCHE DEALERSHIP IN MELBOURNE, AUSTRALIAPR Newswire
PAG
Earnings
- 10/29/24 - Miss
PAG
Sec Filings
- 11/8/24 - Form 4
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- PAG's page on the SEC website