Penske Automotive reports record Q3 revenue of $6.9B, EPS of $4.61

PENSKE AUTOMOTIVE GROUP, INC.

2022-Q3 EPS reported $14.31 revenue$20,803,000,000

Revenue increased 7% to $6.9B; EPS up 3% to $4.61, both Q3 records.
Commercial truck revenue up 42% to $1.0B; Premier Truck Group EBT up 9% to $52.8M.
Penske Transportation Solutions (28.9% stake) contributed $135.5M in earnings, up 15%.
Year-to-date share repurchases of 5.5M shares for $584.8M; additional $90.4M repurchased in October.
Quarterly dividend increased four times in 2022 to $0.57 per share.

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