Penske Automotive Group is a leading international transportation services company that operates a diverse portfolio of automotive retail and logistics businesses
The company is primarily engaged in the retail sale of automotive vehicles and related services, including financing, automotive parts, and repair services. Additionally, it offers a variety of vehicle brands through its dealerships, providing customers with a wide selection of new and pre-owned vehicles. Penske Automotive also has a segment focused on commercial vehicle distribution and retailing, encompassing the sale of trucks and machinery. With a commitment to customer service and operational excellence, the company strives to enhance the overall automotive ownership experience.
Analysts at Morgan Stanley sparked a shakeup across auto stocks Wednesday as the firm moved to the sidelines on automakers and turned more positive on dealers and parts companies.
Companies Reporting Before The Bell • Madison Square Garden (NYSEMSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million.
PAG stock results show that Penske Automotive Group missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
Penske Automotive Group Q4 FY23 performance, boasting $7.27 billion in sales, surpassing analyst projections. Despite hurdles in the used vehicle market, PAG delivers notable growth, including an 8% surge in retail automotive new units and a 7% rise in same-store service and parts gross profit.
Penske Automotive Group Inc (NYSEPAG) reported third-quarter FY23 sales growth of 8% year-on-year to $7.45 billion, beating the analyst consensus of $7.26 billion.
