earnings
confidence high
sentiment positive
materiality 0.85
Penske Automotive posts record Q1: EPS $4.76 (+111%), revenue $7B (+21%), repurchased $184M shares
PENSKE AUTOMOTIVE GROUP, INC.
2022-Q1 EPS reported
$4.76
revenue$6,975,400,000
- Income from continuing operations $367.9M, up 102% YoY; EPS $4.76, up 111%.
- Total revenue $7.0B (+21%); retail auto same-store gross profit +27%, commercial truck same-store revenue +47%.
- Repurchased 1.9M shares for $184M YTD through Apr 26; $46.3M remaining under authorization.
- Added ~$665M annualized revenue via acquisitions of commercial truck and BMW/MINI dealerships.
- Investment in Penske Transportation Solutions earnings up 121% to $118.5M.