{"schema_version":"secwatch.filing_event.v1","accession":"0001019849-24-000013","form_type":"8-K","ticker":"PAG","cik":"0001019849","company_name":"PENSKE AUTOMOTIVE GROUP, INC.","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.125532+00:00","generated_at":"2026-06-06T06:18:31.890639+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PAG Q4 GAAP EPS $2.84 (-33% YoY); adjusted EPS $3.45; goodwill impairment $40.7M","bullets":["Q4 revenue $7.3B (+4% YoY); net income $190.7M (-36%); adjusted net income $231.4M (-22%).","Goodwill impairment of $40.7M ($0.61/sh) related to international used vehicle reporting unit.","Equity earnings from PTS fell 48% to $51.2M on higher costs and lower gains.","Dividend raised 10% to $0.87/sh; acquired Rybrook Group (16 UK franchises, ~$1B annual revenue).","Full-year EPS $15.50 (-16% YoY); adjusted EPS $16.10 (-13%); third most profitable year ever."],"urls":{"canonical":"https://secwatch.observer/filing/0001019849-24-000013","json":"https://secwatch.observer/filing/0001019849-24-000013.json","markdown":"https://secwatch.observer/filing/0001019849-24-000013.md","text":"https://secwatch.observer/filing/0001019849-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000013/0001019849-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000013/pag-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T06:18:31.890639+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7e986516ba6d81edf43100b8a7bd5a2825d9b00d","claim":"PENSKE AUTOMOTIVE GROUP, INC. reported fourth quarter and full year 2023 results: revenue $7.3 billion, net income $190.7 million, EPS $2.84.","evidence_excerpt":"PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY AND FULL YEAR 2023 RESULTS Completes Third Most Profitable Year in Company History Fourth Quarter Revenue Increased 4% to $7.3 Billion Fourth Quarter Retail Automotive Same-Store Revenue Increased 4%, Including a 7% Increase in Service & Parts Fourth Quarter Profitability Impacted by Non-Cash Impairment Charge, Lower Equity Earnings From PTS, and Higher Interest Expense BLOOMFIELD HILLS, MI, February 7, 2024 – Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced fourth quarter and twelve months 2023 results. For the quarter, revenue increased 4% to $7.3 billion. Income from continuing operations attributable to common stockholders decreased 36% to $190.7 million from $298.0 million and related earnings per share decreased 33% to $2.84 from $4.21 when compared to the same period of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000013/0001019849-24-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year 2023"},{"label":"Revenue","value":"$7.3 billion"},{"label":"Net income","value":"$190.7 million"},{"label":"EPS","value":"$2.84"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}