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.

BLOOMFIELD HILLS, Mich. , Jan. 25, 2024 /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 it will release financial results for the fourth quarter and full-year ended December 31, 2023, before the market opens on Wednesday, February 7, 2024.

PENSKE AUTOMOTIVE GROUP SCHEDULES FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS CONFERENCE CALL

AMARILLO, Texas , Jan. 19, 2024 /PRNewswire/ -- Premier Truck Group, an international medium and heavy-duty commercial truck dealership group, announced today the relocation of its Amarillo, Texas dealership into a new state-of-the-art facility. The new facility, located at 7580 E Interstate 40, is less than half a mile from the previous dealership location.

PREMIER TRUCK GROUP MOVES INTO NEWLY BUILT FACILITY IN AMARILLO, TX

Penske Automotive Group has an impressive history of delivering above market returns for shareholders. The company is poised to benefit from continued consolidation of the automobile retail industry. PAG enjoys a moderate moat around its business due to franchise agreements and state regulations.

Penske Automotive Group: 5 Reasons Why I Am Bullish

Adds 15 Premium Dealerships Representing Estimated Annualized Revenue of $1 Billion BLOOMFIELD HILLS, Mich. , Jan. 8, 2024 /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 completed the acquisition of Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership.

PENSKE AUTOMOTIVE GROUP COMPLETES RYBROOK ACQUISITION EXPANDING PRESENCE IN THE UNITED KINGDOM

Penske (PAG) signs a deal to acquire Rybrook Group Limited to expand its footprint in the United Kingdom.

Penske (PAG) to Buy Rybrook Group in the United Kingdom

Penske Automotive Group Inc. PAG, -0.07% said Monday it has agreed to acquire Rybrook Group Ltd., a U.K.-based company that consists of 15 premium dealerships, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership.

Penske Automotive to buy Rybrook Group of 15 U.K. dealerships that generate about $1 billion of revenue a year

Signs Agreement to Acquire 15 Premium Dealerships Representing  Estimated Annualized Revenue of $1 Billion BLOOMFIELD HILLS, Mich. , Dec. 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 it has agreed to acquire Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership.

PENSKE AUTOMOTIVE GROUP TO EXPAND PRESENCE IN THE UNITED KINGDOM

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BLOOMFIELD HILLS, Mich. , Nov. 20, 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, has published its 2023 Corporate Responsibility Report.

PENSKE AUTOMOTIVE GROUP PUBLISHES 2023 CORPORATE RESPONSIBILITY REPORT

Forty-Four Dealerships Recognized as Automotive News'  Best Dealerships to Work For  in 2023 Audi Bedford Ranked #1 Nationally BLOOMFIELD HILLS, Mich. , Nov. 2, 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 forty-four (44) of its dealerships have been recognized as part of the Top 100 Best Dealerships to Work For 2023 by  Automotive News , more than any other dealership group.

PENSKE AUTOMOTIVE GROUP DEALERSHIPS NAMED BEST TO WORK FOR

While Penske's (PAG) earnings per share fall 15.4% year over year, revenues rise 7.6% in the third quarter of 2023.

Penske's (PAG) Q3 Earnings Snap Beat Streak, Decline Y/Y

Penske Automotive Group, Inc. (NYSE:PAG ) Q3 2023 Earnings Conference Call October 25, 2023 2:00 PM ET Company Participants Anthony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and CEO Shelley Hulgrave - Executive Vice President and CFO Rich Shearing - North American Interoperations Randall Seymore - International Operations Tony Facione - Vice President and Corporate Controller Conference Call Participants John Murphy - Bank of America Michael Ward - Benchmark Daniel Imbro - Stephens Rajat Gupta - JPMorgan John Healy - North Coast Research David Whiston - Morningstar Operator Ladies and gentlemen, good afternoon. Welcome to the Penske Automotive Third Quarter 2023 Earnings Conference Call.

Penske Automotive Group, Inc. (PAG) Q3 2023 Earnings Call Transcript

Penske Automotive Group missed profit expectations for the third quarter as rising costs and adverse weather events took a toll on the automobile firm's business. The Bloomfield Hills, Michigan-based car dealer reported net income of $263.4 million, or $3.92 per share, for the quarter, a drop from $340.1 million, or $4.61 per share, during the same period the previous year.

Penske misses quarterly profit expectations amid rising costs

Penske Automotive Group Inc.'s stock PAG, -0.43% fell 2.5% in early trade Wednesday, after the used and new car dealer missed profit expectations for the third quarter. Bloomfield Hills, Michigan-based Penske posted net income of $263.4 million, or $3.92 a share, for the quarter, down from $340.1 million, or $4.61 a share, in the year-earlier period.

Penske Automotive's stock slides premarket after profit miss amid ‘challenging' used car market

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.

Earnings Preview: Penske Automotive (PAG) Q3 Earnings Expected to Decline

Penske Automotive Group Inc. PAG, +0.38% said Wednesday that it has raised its dividend by 9.7%, citing a healthy balance sheet and continued strong cash flow. Owners of the transportation services company's stock as of Nov. 10 will receive the new quarterly dividend of 79 cents a share, up from 72 cents a share, on Dec. 1.

Penske Automotive raises dividend to boost yield above 2%

BLOOMFIELD HILLS, Mich. , Oct. 18, 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 increased the Company's quarterly dividend by $0.07 per share, or 9.7%, to $0.79 per share.

PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND BY 9.7%

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BLOOMFIELD HILLS, Mich. , Oct. 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 it will release third quarter 2023 financial results on the morning of Wednesday, October 25, 2023.

PENSKE AUTOMOTIVE GROUP SCHEDULES THIRD QUARTER 2023 FINANCIAL RESULTS CONFERENCE CALL

BLOOMFIELD HILLS, Mich. , Sept. 28, 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 severe storms at its Genesis, Honda, Hyundai, and Toyota dealerships located in Round Rock, Texas, disrupted operations and caused significant hail damage to over 750 new, used and customer service loaner vehicles.

PENSKE AUTOMOTIVE DEALERSHIPS IN ROUND ROCK, TEXAS SUSTAIN SIGNIFICANT HAIL DAMAGE

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