Penske Automotive Q2 revenue up 8% to record $7.5B; EPS down 11% to $4.41

PENSKE AUTOMOTIVE GROUP, INC.

2023-Q2 EPS reported $8.72 revenue$14,807,500,000

Record Q2 revenue $7.5B (+8% YoY); net income $300.8M (-20%); EPS $4.41 (-11%).
Retail automotive same-store rev +6% with service/parts +11%; commercial truck same-store rev +19%.
Equity income from Penske Transportation Solutions fell to $73.3M from $136.6M due to higher costs.
Dividend raised 26% in 2023 to $0.72/share; $328M in share repurchases in first half 2023.
Acquired Transolutions Truck Centres targeting ~$180M annualized revenue.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PENSKE AUTOMOTIVE GROUP, INC. reported second quarter of 2023 results: revenue $7.5 billion, net income $300.8 million, EPS $4.41.

Period: second quarter of 2023
Revenue: $7.5 billion
Net income: $300.8 million
EPS: $4.41
Result: reported results

Exact text from the filing

reference in such a filing. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS Record Quarterly Revenue Increased 8% to $7.5 Billion Retail Automotive Same-Store Revenue Increased 6%, Including an 11% Increase in Service & Parts Retail Commercial Truck Same-Store Revenue Increased 19%, Including a 4% Increase

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PENSKE AUTOMOTIVE GROUP, INC. reported six months ended June 30, 2023 results: revenue $14.8 billion, net income $599.1 million, EPS $8.72.

Period: six months ended June 30, 2023
Revenue: $14.8 billion
Net income: $599.1 million
EPS: $8.72
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023, revenue increased 7% to $14.8 billion. When compared to the same period last year, net income attributable to common stockholders decreased 19% to $599.1 million from $741.9 million, and related earnings per share decreased 10% to $8.72.

View on SEC.gov

Browse all earnings releases →

PENSKE AUTOMOTIVE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001019849-23-000109

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.