earnings
confidence high
sentiment positive
materiality 0.80
Penske Automotive Q4 revenue record $7.7B; EPS $3.54; dividend raised to $1.22
PENSKE AUTOMOTIVE GROUP, INC.
2024-FY EPS reported
$13.74
revenue$30,455,200,000
- Q4 revenue $7.7B (+6% YoY); net income $236.4M; EPS $3.54 (+25% YoY, +3% vs adjusted $3.45).
- Same-store service/parts revenue +7%, gross profit +9%; SG&A as % of gross profit down 70 bps to 70.3%.
- Full-year 2024 revenue $30.5B; EPS $13.74 (vs FY2023 adjusted $16.10).
- Board declares $1.22 quarterly dividend (+2.5% or $0.03), 17th consecutive increase; payable March 6 to record Feb 24.
- FY2024 acquisitions $2.1B annualized revenue; liquidity $1.9B; leverage ratio 1.2x.