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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.
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 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