Recap: Penske Automotive Group Q1 Earnings

Shares of Penske Automotive Group PAG moved higher by 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 253.12% year over year to $2.26, which beat the estimate of $1.81.

Revenue of $5,774,000,000 up by 15.27% year over year, which beat the estimate of $5,530,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Apr 28, 2021

Time: 02:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/pag/mediaframe/44678/indexr.html

Price Action

Company's 52-week high was at $90.57

Company's 52-week low was at $29.65

Price action over last quarter: Up 35.31%

Company Overview

Penske Automotive Group operates in 21 U.S. states and overseas. It has 142 U.S. light-vehicle franchises in Puerto Rico as well as 162 franchises overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with 93% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns nearly 30 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 17 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.