---
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"
generated_at: "2026-06-03T03:52:48.175067+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Penske Automotive Q1 EPS $3.21 vs $4.31 YoY; net income down 28% on higher interest and lower PTS earnings

## Summary
- 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.

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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019849-24-000056
- JSON: https://secwatch.observer/filing/0001019849-24-000056.json
- Plain text: https://secwatch.observer/filing/0001019849-24-000056.txt

## Key facts
- Earnings Releases
  PENSKE AUTOMOTIVE GROUP, INC. reported the first quarter of 2024 results: revenue $7.4 billion, net income $215.2 million, EPS $3.21.
  - Period: the first quarter of 2024
  - Revenue: $7.4 billion
  - Net income: $215.2 million
  - EPS: $3.21
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1019849/000101984924000056/0001019849-24-000056-index.htm

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