Penske Q3 revenue up 2% to $7.6B, EPS $3.39 vs $3.92; raises dividend 11%, signs Porsche dealership deal

PENSKE AUTOMOTIVE GROUP, INC.

2024-Q3 EPS reported $10.20 revenue$22,735,300,000

Revenue $7.6B (+2% YoY); EPS $3.39 vs $3.92; net income $226.1M vs $263.4M.
Record service & parts revenue $778M (+14%); same-store service & parts +7%, gross profit +6%.
Commercial truck units +14% to 6,331; revenue $1.1B; pre-tax earnings $56.5M vs $61.1M.
Dividend raised 11% to $1.19/share; payable Dec 3, record Nov 15; fourth 2024 increase.
Acquisitions: Bill Brown Ford ($550M rev.), Porsche Melbourne ($130M); YTD nearly $2B in revenue.

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