secwatch.observer — SEC 8-K summary
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Issuer:     PENSKE AUTOMOTIVE GROUP, INC. (PAG)
CIK:        0001019849
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001019849-24-000093
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019849/000101984924000093/0001019849-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019849/000101984924000093/pag-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001019849-24-000093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer