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Sep 30, 2024
Penske Q3 2024 Earnings Report
Penske Automotive Group's Q3 2024 performance saw revenue increase, driven by record service and parts revenue, despite challenges from vehicle stop sales and a cybersecurity incident.
Key Takeaways
Penske Automotive Group reported a 2% increase in revenue to $7.6 billion for Q3 2024. Net income attributable to common stockholders was $226.1 million, with earnings per share at $3.39. The company saw record retail automotive service and parts revenue, and its retail commercial truck business performed well.
Revenue increased by 2% to $7.6 billion compared to Q3 2023.
Retail automotive service and parts revenue reached a record $778.0 million, up 14%.
New and used retail automotive units delivered decreased by 4%, with new vehicles up 5% and used vehicles down 13%.
Earnings per share was $3.39, compared to $3.92 for the same period in 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Penske Automotive Group did not provide specific forward guidance in the provided press release.
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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