{"schema_version":"secwatch.filing_event.v1","accession":"0001019849-24-000056","form_type":"8-K","ticker":"PAG","cik":"0001019849","company_name":"PENSKE AUTOMOTIVE GROUP, INC.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.909167+00:00","generated_at":"2026-06-03T03:52:48.175067+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Penske Automotive Q1 EPS $3.21 vs $4.31 YoY; net income down 28% on higher interest and lower PTS earnings","bullets":["Revenue $7.4B (+1.5%), EPS $3.21 vs $4.31; net income fell to $215.2M from $298.3M.","Higher interest costs of $17.4M and lower PTS equity earnings ($32.5M vs $80.8M) drove profit decline.","Same-store retail auto revenue -1%, gross profit -4%; service & parts revenue +9% to record $746M.","Acquired Rybrook Group in UK (16 franchises, ~$1B annualized revenue); signed Australia deal for 2 Porsche & 1 Ducati (~$140M).","Repurchased 0.2M shares for ~$32.9M; liquidity $1.7B, leverage ratio 1.1x."],"urls":{"canonical":"https://secwatch.observer/filing/0001019849-24-000056","json":"https://secwatch.observer/filing/0001019849-24-000056.json","markdown":"https://secwatch.observer/filing/0001019849-24-000056.md","text":"https://secwatch.observer/filing/0001019849-24-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000056/0001019849-24-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000056/pag-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:52:48.175067+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":"139b4e5cb1539bc5943ac9ad04d56b583981b004","claim":"PENSKE AUTOMOTIVE GROUP, INC. reported the first quarter of 2024 results: revenue $7.4 billion, net income $215.2 million, EPS $3.21.","evidence_excerpt":"For the quarter, revenue increased 1.5% to $7.4 billion. Net income attributable to common stockholders was $215.2 million compared to $298.3 million in the prior year period, and related earnings per share was $3.21 compared to $4.31 for the same period in 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1019849/000101984924000056/0001019849-24-000056-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2024"},{"label":"Revenue","value":"$7.4 billion"},{"label":"Net income","value":"$215.2 million"},{"label":"EPS","value":"$3.21"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}