---
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"
generated_at: "2026-06-06T06:18:31.890639+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PAG Q4 GAAP EPS $2.84 (-33% YoY); adjusted EPS $3.45; goodwill impairment $40.7M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019849-24-000013
- JSON: https://secwatch.observer/filing/0001019849-24-000013.json
- Plain text: https://secwatch.observer/filing/0001019849-24-000013.txt

## Key facts
- Earnings Releases
  PENSKE AUTOMOTIVE GROUP, INC. reported fourth quarter and full year 2023 results: revenue $7.3 billion, net income $190.7 million, EPS $2.84.
  - Period: fourth quarter and full year 2023
  - Revenue: $7.3 billion
  - Net income: $190.7 million
  - EPS: $2.84
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1019849/000101984924000013/0001019849-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.