Penske Q3 2024 Earnings Report
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.
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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 the provided press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income