secwatch.observer — SEC 8-K summary
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Issuer:     PENSKE AUTOMOTIVE GROUP, INC. (PAG)
CIK:        0001019849
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001019849-24-000116
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1019849/000101984924000116/0001019849-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1019849/000101984924000116/pag-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001019849-24-000116

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