Penske Automotive Group

Penske Automotive Group, Inc. operates as an international transportation services company. Which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems and related parts & services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other. The Retail Automotive segment consists of retail automotive dealership operations. The Retail Commercial Truck segment is the dealership operations of commercial trucks in the U.S. and Canada. The Other segment comprises commercial vehicle and power systems distribution operation and other non-automotive consolidated operations. The Non-Automotive Investments segment is the equity method investments in non-automotive operations. The company was founded in October 1992 and is headquartered in Bloomfield Hills, MI.

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Penske Automotive Group achieves record revenue and anticipates growth opportunities

PAG delivered robust financial performance in 2022, with record revenue and earnings growth across key segments, reflecting operational excellence.
Strategic capital allocation, focus on operational efficiencies, and anticipation of increased demand position PAG for sustained growth and profitability.
Challenges with rising warranty expenses and market uncertainties underscore the need for prudent cost management and strategic decision-making.
Opportunities in parts and service growth, selective acquisitions, and operational enhancements offer avenues for future expansion and value creation.

Penske Automotive Group reports strong Q1 performance amidst supply challenges

PAG's Q1 performance reflects growth in total units delivered and revenue, with a strong focus on new vehicle sales and profitability. Challenges include supply constraints impacting inventory levels and maintenance costs. Opportunities exist in capitalizing on strong vehicle demand and enhancing operational efficiencies.

Penske Automotive Group reports robust Q2 performance and eyes acquisitions

PAG's Q2 results reflect strong performance in automotive and commercial truck segments, with a focus on cost control and capital allocation. Challenges in maintenance costs and potential pricing pressure are areas of concern. Opportunities lie in strategic acquisitions, rising freight rates, and market dynamics favoring electric vehicles.

Penske Automotive Group reports robust Q3 results amidst operational challenges

PAG showcased strong financial performance despite challenges from the hailstorm in Austin.
The company demonstrated resilience with strategic expansions and improvements in key segments.
Opportunities exist in service optimization, leasing growth, and addressing EV market challenges.
PAG's disciplined approach to capital allocation and operational efficiency underpins its financial strength.

Penske Automotive Group reports robust 2023 performance and eyes truck market expansion

Penske Automotive Group (PAG) delivered strong financial results in 2023, driven by revenue growth and strategic acquisitions. While facing challenges in PTS earnings and high-end car pricing, the company remains optimistic about opportunities in the premier truck segment and battery electric vehicles.

Penske Automotive Group reports revenue growth and strategic acquisitions

Penske Automotive Group (PAG) delivered a successful quarter with revenue growth, franchise expansions, and strategic acquisitions. Despite challenges in retail operations and interest costs, the company remains focused on optimizing profitability and capital allocation for continued growth in Q2.

Penske Automotive Group posts record Q2 revenue and operational growth

Penske Automotive Group demonstrated strong financial performance and operational resilience in Q2 2024, driven by record revenue and solid unit delivery growth.
The company's strategic focus on diversification, cost control, and employee engagement underpins its competitive strength and long-term sustainability.
While challenges persist in maintaining margins and addressing market complexities, Penske Automotive Group remains well-positioned to capitalize on growth opportunities and navigate industry shifts effectively.

Penske Automotive Group reports strong Q3 earnings and eyes international expansion

Penske Automotive Group (PAG) delivered a solid performance in Q3 2024, driven by revenue growth and strong operational results.
Despite challenges in the used car business and stop sale impacts, PAG maintained a consistent gross margin and focused on capital allocation strategies.
The company's international operations and agency system in Europe present promising opportunities for future growth and market expansion.
Overall, PAG's financial health, performance, and strategic focus position it well for continued success and shareholder value creation.

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Penske Automotive Group, Inc. is an international transportation services company, which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems, and related parts and services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other. The Retail Automotive segment includes retail automotive dealership operations. The Retail Commercial Truck segment includes the dealership operations of commercial trucks in the U.S. and Canada. The Other segment focuses on the commercial vehicle and power systems distribution operation, and other non-automotive consolidated operations. The Non-Automotive Investments segment includes equity method investments in non-automotive operations. The company was founded in October 1992 and is headquartered in Bloomfield Hills, MI.

Expands North American Operations to New Market Area in Manitoba Adds $180 Million in Expected Annualized Revenue BLOOMFIELD HILLS, Mich. , June 5, 2023 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that it has acquired Transolutions Truck Centres ("TSTC"), a retailer of medium and heavy-duty commercial trucks and buses, located in Winnipeg, Manitoba, Canada.

PENSKE AUTOMOTIVE GROUP ACQUIRES COMMERCIAL TRUCK DEALERSHIPS IN CANADA

Transportation services company Penske Automotive Group Inc. PAG, -1.31% said late Thursday its board of directors has authorized an 8% increase in the company's quarterly dividend to 66 cents a share and an additional $250 million in a share buyback. The dividend is payable June 1 to shareholders of record as of May 22, the company said.

Penske raises dividend by 8%

BLOOMFIELD HILLS, Mich. , May 11, 2023 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has authorized an increase in the Company's quarterly dividend by $0.05 per share, or 8%, to $0.66 per share and delegated to management an additional $250 million in authority to repurchase the Company's outstanding securities.

PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND BY 8% AND ANNOUNCES ADDITIONAL SECURITIES REPURCHASE AUTHORITY

While Penske (PAG) pulls off a comprehensive earnings beat in Q1, earnings decline 9% year over year despite sales growth amid high manufacturing and operating expenses.

Penske (PAG) Q1 Earnings Mark 12th Straight Quarter of Beat

Penske Automotive Group has substantially outperformed the market over the past few years, but that run may not be sustainable. While Penske is a market leader fresh off of a record-breaking quarterly revenue report, stiff competition and economic headwinds may hinder that growth moving forward.

Penske Is Steady, But The Road Ahead May Be Bumpy

Penske Automotive Group, Inc. (PAG) Q1 2023 Earnings Call Transcript.

Penske Automotive Group, Inc. (PAG) Q1 2023 Earnings Call Transcript

Although the revenue and EPS for Penske (PAG) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Penske (PAG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Penske Automotive (PAG) came out with quarterly earnings of $4.31 per share, beating the Zacks Consensus Estimate of $4.03 per share. This compares to earnings of $4.76 per share a year ago.

Penske Automotive (PAG) Tops Q1 Earnings and Revenue Estimates

The Zacks Consensus Estimate for Penske's (PAG) Q1 earnings per share and revenues is pegged at $3.92 and $6.74 billion, respectively.

What's in Store for Penske Automotive (PAG) in Q1 Earnings?

Here is how Penske Automotive (PAG) and Portillo's Inc. (PTLO) have performed compared to their sector so far this year.

Is Penske Automotive Group (PAG) Stock Outpacing Its Retail-Wholesale Peers This Year?

Penske (PAG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Penske (PAG) is Poised to Beat Earnings Estimates Again

Penske (PAG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Penske (PAG) Is a Great Choice for Value Investors

BLOOMFIELD HILLS, Mich. , April 13, 2023 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers announced today it will be hosting its first quarter 2023 financial results conference call as follows:

PENSKE AUTOMOTIVE GROUP SCHEDULES FIRST QUARTER 2023 FINANCIAL RESULTS CONFERENCE CALL

WASHINGTON , April 11, 2023 /PRNewswire/ -- Paralyzed Veterans of America today announced it received a donation of $1.3 million from long-time veteran supporter Penske Automotive Group. The amount includes donations from customers and employees of Penske Automotive Group, as well as matching contributions from the company.

Paralyzed Veterans of America receives $1.3 million donation from Penske Automotive Group to help Veterans across the U.S.

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Penske (PAG) Up 4.5% Since Last Earnings Report: Can It Continue?

Despite Fast-paced Momentum, Penske (PAG) Is Still a Bargain Stock

The auto industry has been on a tear recently, with auto dealers, in particular, booking record profit margins on new car sales. This results from a supply shortage of new cars, often allowing dealers to sell cars well above their sticker prices.

2 Auto Dealers Booking Record Profits

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Haig Partners LLC served as the exclusive sell-side advisor to Penske Automotive Group, Inc. (NYSE: PAG) on the sale of its Marin Honda dealership located in San Rafael, CA. Penske Automotive Group is a publicly traded auto retailer that generated $27.8B in revenue and retailed almost 467,000 new and used vehicles in 2022.

Haig Partners Served as the Exclusive Sell-side Advisor to Penske Automotive Group, Inc. on the Sale of Marin Honda of California

Penske Automotive Group Inc. PAG, +0.46% said Friday its board has added $250 million to its share buyback authorization, which had $3.6 million remaining outstanding as of Feb. 7. The car and commercial truck retailer bought back 8.2 million shares in 2022, equal to about 10.6% of its outstanding shares.

Penske Automotive board adds $250 million to share buyback authorization

BLOOMFIELD HILLS, Mich. , Feb. 17, 2023 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors delegated to management $250 million in authority to repurchase the Company's outstanding securities.

PENSKE AUTOMOTIVE GROUP ANNOUNCES ADDITIONAL SECURITIES REPURCHASE AUTHORITY OF $250 MILLION

Penske (PAG) delivers a Q4 earnings beat on higher-than-expected revenues in the Retail Automotive and Retail Commercial Truck segments.

Penske (PAG) Surpasses Q4 Earnings and Sales Estimates

Penske Automotive Group (PAG) is the featured stock from January's Dividend Growth Stocks Model Portfolio.

Analyzing Penske Automotive Group's Dividend Growth Potential

Penske Automotive Group, Inc. (NYSE:PAG ) Q4 2022 Results Conference Call February 8, 2023 2:00 PM ET Company Participants Anthony Pordon - EVP, IR & Corporate Development Roger Penske - Chair, CEO Michelle Hulgrave - EVP, CFO Conference Call Participants Daniel Imbro - Stephens John Murphy - Bank of America David Whiston - Morningstar Rajat Gupta - JP Morgan Operator Good afternoon. Welcome to the Penske Automotive Group Fourth Quarter 2022 Earnings Conference Call.

Penske Automotive Group, Inc. (PAG) Q4 2022 Earnings Call Transcript

Penske (PAG) delivered earnings and revenue surprises of 4.47% and 9.95%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Penske Automotive Group Stock (PAG)