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.

Penske (PAG) reports all-time high Q1 earnings and beats estimates on better-than-anticipated gross profit across Retail Automotive and Retail Commercial Truck segments.

Penske (PAG) Q1 Earnings and Revenues Top Estimates

Penske Automotive Group, Inc. (NYSE:PAG ) Q1 2022 Results Conference Call April 27, 2022 2:00 PM ET Company Participants Anthony Pordon - EVP, Investor Relations and Corporate Development Roger Penske - Chair & CEO Shelley Hulgrave - CFO Tony Facione - Vice President and Corporate Controller Conference Call Participants John Murphy - Bank of America Stephanie Moore - Truist Securities Mike Ward - Benchmark Company Daniel Imbro - Stephens Inc Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Good afternoon. Welcome to the Penske Automotive Group First Quarter 2022 Earnings Conference Call.

Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q1 2022 Results - Earnings Call Transcript

Penske (PAG) delivered earnings and revenue surprises of 20.81% and 11.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Penske Automotive (PAG) Q1 Earnings and Revenues Surpass Estimates

Earnings Before Taxes Increased 101% to $497.6 Million Income From Continuing Operations Increased 102% to $367.9 Million Earnings Per Share Increased 111% to $4.76 Repurchased 1.9 Million Shares of Common Stock for $184 Million Year-To-Date Through April 26, 2022 BLOOMFIELD HILLS, Mich. , April 27, 2022 /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 all-time record quarterly results for the first quarter of 2022.

PENSKE AUTOMOTIVE GROUP REPORTS ALL-TIME RECORD QUARTERLY RESULTS

Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Penske Automotive (PAG) Reports Next Week: Wall Street Expects Earnings Growth

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Penske Truck Leasing has ordered 750 of Ford Motor Co's electric E-Transit cargo vans, the unit of Penske Automotive Group Inc said on Monday.

Penske Automotive unit orders 750 Ford electric cargo vans

BLOOMFIELD HILLS, Mich. , April 13, 2022 /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 the hosting of its first quarter 2022 financial results conference call as follows: WHEN: Wednesday, April 27, 2022 TIME: 2:00 p.m.

PENSKE AUTOMOTIVE GROUP TO HOST FIRST QUARTER 2022 FINANCIAL RESULTS CONFERENCE CALL

Acquires BMW/MINI of Escondido and a Collision Center BLOOMFIELD HILLS, Mich. , April 12, 2022 /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 BMW/MINI of Escondido, along with a collision center, located in Escondido, California.

PENSKE AUTOMOTIVE GROUP EXPANDS PRESENCE IN SOUTHERN CALIFORNIA

Acquires Three BMW MINI Dealerships and a Collison Center Adds $250 Million in Annualized Revenues; Builds Further Scale in U.K. Market BLOOMFIELD HILLS, Mich. , April 1, 2022 /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 U.K. subsidiary ("Sytner Group") has acquired three BMW MINI dealerships and a collision center in the U.K.   The acquired dealerships are located in South East England, north of London, complementing the existing presence of 32 BMW MINI franchises operated by the company in the U.K. market.

PENSKE AUTOMOTIVE GROUP EXPANDS PRESENCE IN THE UNITED KINGDOM

Penske Automotive (PAG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Penske Automotive (PAG): Strong Industry, Solid Earnings Estimate Revisions

Donation to go towards providing paralyzed veterans with specialized medical care and treatments, the accessible vehicles and homes they need, the jobs they want, and the benefits they deserve WASHINGTON, March 23, 2022 /PRNewswire/ -- Paralyzed Veterans of America – the nation's premier nonprofit of choice for disabled veterans, their families, and caregivers – today announced it received a donation of more than $1 million from long-time partner and veteran supporter Penske Automotive Group. The amount includes donations from Penske Automotive Group and Premier Truck Group, alongside a company match of $500,000.

Paralyzed Veterans of America received over $1 million donation from long-time partner Penske Automotive Group

Penske Automotive Group has recently outperformed the broader market as the company's fundamental condition drives it forward.

Penske Automotive Group: Opportunity Still Exists Here

Penske (PAG) reported earnings 30 days ago. What's next for the stock?

Why Is Penske (PAG) Up 3.1% Since Last Earnings Report?

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Strong vehicle margins, cost discipline and digitization efforts are buoying the Zacks Auto Retail and Whole Sales industry prospects. Bet on LAD, PAG, AN, GPI and SAH to play the industry uptrend.

5 Stocks to Tap the Continued Strength in Auto Retail Industry

Penske (PAG) takes over TEAM Truck as it aims for scalability. The deal is expected to enhance production scale within the company's wholly-owned Premier Truck Group subsidiary.

Penske (PAG) TEAM Truck Buyout to Add $150M to Annual Revenues

Represents $150 Million in Annualized Revenues BLOOMFIELD HILLS, Mich., Feb. 28, 2022 /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 TEAM Truck Centres ("TEAM"), a retailer of medium and heavy-duty Freightliner and Western Star commercial trucks, located in Ontario, Canada.

PENSKE AUTOMOTIVE GROUP ACQUIRES TEAM TRUCK CENTRES IN ONTARIO, CANADA

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The consensus price target hints at a 27.3% upside potential for Penske (PAG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Penske (PAG)? Wall Street Analysts Think 27%

Penske (PAG) delivers Q4 earnings beat on higher-than-expected gross profits in the Commercial Truck and Commercial Vehicles Australia/Power Systems segments.

Penske's (PAG) Earnings Beat Estimates in Q4, Sales Rise Y/Y

Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q4 2021 Results - Earnings Call Transcript

Penske (PAG) delivered earnings and revenue surprises of 11.72% and 1.10%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Penske Automotive (PAG) Beats Q4 Earnings and Revenue Estimates

The U.S. auto industry had another unusual year in 2021. The ongoing impacts of Covid-19 and global microchip shortages turned what was supposed to be a year of recovery into a wild ride for most auto dealerships These are three mid-cap auto retailers that are likely to be in the driver's seat for a strong year.

3 Mid-Cap Auto Stocks to Buy Ahead of Earnings

BLOOMFIELD HILLS, Mich., Feb. 9, 2022 /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 record fourth quarter and twelve months 2021 results.

PENSKE AUTOMOTIVE GROUP REPORTS RECORD FOURTH QUARTER AND RECORD FULL YEAR 2021 RESULTS

Penske (PAG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Penske (PAG) This Earnings Season?

The Zacks Consensus Estimate for Penske's (PAG) Q4 earnings and revenues is pegged at $3.67 per share and $6.31 billion, respectively.

News for Penske Automotive Group Stock (PAG)