Penske Automotive Group (PAG) Reports In-Line Q4 EPS

Penske Automotive Group (NYSE: PAG) reported Q4 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.36 billion.

Automotive Retail Highlights of the Fourth Quarter

• Total Retail Unit Sales Increased 10.5% to 98,251
  • +8.0% in the United States; +16.9% Internationally
  • New unit retail sales +11.7%
  • Used unit retail sales +9.2%

• Same-store Retail Revenue Increased +8.3%
  • New +8.8%; Used +8.0%; Finance & Insurance +10.1%; Service and Parts +6.2%
  • +5.0% in the United States; +14.8% Internationally

• Average Transaction Price Per Unit
  • New $40,642; +0.8%
  • Used $27,035; +1.5%

• Average Gross Profit Per Unit
  • New $3,185, -$58/unit; Gross Margin 7.8%, -20 basis points
  • Used $1,659, -$92/unit; Gross Margin 6.1%, -50 basis points
  • Finance & Insurance $1,070, +$29/unit

For earnings history and earnings-related data on Penske Automotive Group (PAG) click here.

You May Also Be Interested In

• Westinghouse said to seek over $50 billion valuation in planned IPO
• UBS cuts KOSPI target by nearly 10% to reflect higher rates
• DraftKings Inc. (DKNG) PT Lowered to $48 at UBS on Updated Estimates Post Q2