Penske Automotive Reports Q4 EPS of $0.32 vs. $0.26

Penske Automotive Group, Inc. PAG today reported adjusted fourth quarter income from continuing operations attributable to common shareholders of $29.5 million, or $0.32 per share, which compares to income from continuing operations attributable to common shareholders of $19.4 million, or $0.21 per share, in the fourth quarter last year. Adjusted fourth quarter 2010 income from continuing operations attributable to common shareholders excludes a net after-tax gain of $0.8 million, or $0.01 per share, relating to the items highlighted in the reconciliation in the attached selected data tables. Total revenue in the fourth quarter increased 13.5% to $2.8 billion.