Penske Automotive reports record Q2 earnings; EPS $4.93 (+17% YoY); acquires Mercedes-Benz UK dealerships

PENSKE AUTOMOTIVE GROUP, INC.

2022-Q2 EPS reported $9.70 revenue$13,882,300,000

EPS from continuing ops $4.93 vs $4.20 (+17%); adjusted EPS $4.47 (+10%).
Revenue $6.9B (-1% reported; +2% ex-forex); auto same-store revenue -8% (-3% ex-forex).
Commercial truck EBT +32% to $52.3M; PTS investment earnings $136.6M (+33%).
Dividend raised to $0.53/share; $250M added to buyback auth; total available $330.6M.
Agreed to buy five Mercedes-Benz dealerships and three aftersales in North London (est. $550M annual rev); close Q3 2022.

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