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Jun 30, 2021
Penske Q2 2021 Earnings Report
Penske Automotive Group reported all-time record second quarter results, marked by substantial increases in revenue, net income, and earnings per share.
Key Takeaways
Penske Automotive Group reported record second-quarter results, with a 652.9% increase in income from continuing operations attributable to common shareholders, reaching $338.8 million, and a 650.0% increase in earnings per share to $4.20. The company's performance was driven by strength across all areas of the business, including strong volume and vehicle margins, improving service and parts operations, and a growing commercial truck market.
Income from continuing operations attributable to common shareholders increased by 652.9% to $338.8 million.
Earnings per share increased by 650.0% to $4.20.
Total revenue increased by 91.4% to $7.0 billion.
Same-store retail automotive revenue increased by 97.5%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Penske Automotive Group did not provide specific financial forward guidance in the Q2 2021 earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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