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Mar 31, 2022
Penske Q1 2022 Earnings Report
Penske Automotive Group reported all-time record quarterly results for Q1 2022, with earnings before taxes increasing 101% to $497.6 million.
Key Takeaways
Penske Automotive Group announced record-breaking first-quarter results for 2022. Income from continuing operations increased by 102% to $367.9 million, and earnings per share rose by 111% to $4.76. The company also repurchased 1.9 million shares of common stock for $184 million year-to-date through April 26, 2022.
Total revenue increased 21% to $7.0 billion.
Retail automotive same-store revenue increased 11%.
Commercial truck same-store revenue increased 47%.
Earnings from investment in Penske Transportation Solutions increased by 121%.
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Penske Revenue by Segment
Penske Revenue by Geographic Location
Forward Guidance
Penske Automotive Group did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income