Penske Automotive Group Inc
PAG
ISIN US70959W1036 / Valor 3233424
Penske Automotive Group Inc
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About company
Penske Automotive Group Inc (NYSE: PAG) is a diversified international transportation services company and a leading automotive and commercial truck retailer with headquarters in Bloomfield Hills, Michigan. The company operates dealerships primarily in the United States, the United Kingdom, Canada, Germany, and Italy, offering a wide range of automotive and commercial truck brands. Additionally, Penske Automotive Group is one of the largest retailers of commercial trucks in North America for Freightliner and distributes commercial vehicles, diesel and gas engines, power systems, and related parts and services in Australia and New Zealand.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (14.08.2024):
Record Revenue
Penske Automotive Group Inc. reported record total quarterly revenue of $7.7 billion for the second quarter of 2024, marking a 3% increase from the same period in 2023. This achievement underscores the company's robust performance and strategic growth initiatives.
Service and Parts Revenue
In the second quarter of 2024, Penske Automotive Group Inc. achieved a record retail automotive service and parts revenue of $753 million, reflecting a 10% increase from the previous year. This segment's strong performance highlights the company's focus on after-sales services.
Earnings Before Taxes
Penske Automotive Group Inc. reported earnings before taxes of $326 million for the second quarter of 2024. This represents a sequential improvement of 10% from the first quarter of 2024, showcasing the company's effective cost management and operational efficiency.
Earnings Per Share
For the second quarter of 2024, Penske Automotive Group Inc. reported earnings per share of $3.61. This figure marks a 12% sequential increase from the first quarter of 2024, indicating strong profitability and shareholder value creation.
Dividend Increase
The Board of Directors of Penske Automotive Group Inc. approved a quarterly dividend of $1.07 per share for the second quarter of 2024. This represents an 11% increase from the previous quarter, reflecting the company's commitment to returning value to its shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
10523 M
Market cap (USD)
43,244
Daily traded volume (Shares)
161.72 / 156.87
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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