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Mar 31
Penske Q1 2025 Earnings Report
Penske Automotive Group reported record Q1 2025 results with growth in revenue, net income, and EPS.
Key Takeaways
Penske Automotive Group delivered strong performance in Q1 2025 with a 2% increase in revenue to $7.6 billion, driven by strength in service and parts, consistent gross margins, and improved operational efficiency. Net income rose 14% to $244.3 million while adjusted EPS climbed to $3.39.
Revenue reached a record $7.6 billion, up 2% from Q1 2024.
Net income increased 14% to $244.3 million.
Adjusted EPS rose 6% to $3.39, despite a $0.01 FX drag.
Retail automotive service and parts gross margin improved by 60 basis points.
Penske
Penske
Penske Revenue by Segment
Penske Revenue by Geographic Location
Revenue by Segment
New Vehicles Revenue
CapyFin.comUsed Vehicles Revenue
CapyFin.comFinance & Insurance Revenue
CapyFin.comService & Parts Revenue
CapyFin.comFleet & Wholesale Revenue
CapyFin.comTruck - New Vehicles Revenue
CapyFin.comTruck - Used Vehicles Revenue
CapyFin.comTruck - F&I Revenue
CapyFin.comTruck - Service & Parts Revenue
CapyFin.comCommercial Dist. & Other Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comU.K. Revenue
CapyFin.comOther International Revenue
CapyFin.com Forward Guidance
Penske emphasized the resilience of its business model amid global uncertainty, noting its diversified brand mix and geographic reach offer flexibility for adapting to evolving market dynamics.
Positive Outlook
- Stable gross margins for the seventh consecutive quarter
- Increased gross profit per used vehicle by $352 QoQ
- Improved cost efficiency with adjusted SG&A/Gross Profit down 70 bps
- Resilient premium brand mix
- Diversification across North America, Australia/NZ, and international markets
Challenges Ahead
- Retail commercial truck earnings fell due to soft freight environment
- Used retail unit sales declined 16%
- FX impact reduced revenue by $40.3M
- SG&A expenses increased 3.8% YoY
- Ongoing concerns about tariffs and their impact on vehicle costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income