Penske Automotive Q2 revenue record $7.7B; EPS $3.61 vs $4.41; raises dividend 11%

PENSKE AUTOMOTIVE GROUP, INC.

2024-Q2 EPS reported $6.81 revenue$15,144,500,000

Revenue increased 3% to $7.7B; net income $241.2M vs $300.8M; EPS $3.61 vs $4.41.
Record retail service & parts revenue $753M (+10%); same-store service & parts revenue +5%.
Board increased quarterly dividend 11% to $1.07/share, payable Sept 4 to Aug 15 record holders.
Year-to-date acquisitions ~$2B annualized revenue, including River States and Bill Brown Ford.
Repurchased 0.4M shares for $58.1M; $157.4M remaining under repurchase program.

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.