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Dec 31, 2020
Penske Q4 2020 Earnings Report
Penske Automotive Group reported record earnings for Q4 2020, driven by same-store retail automotive margin expansion and growth in commercial truck dealership profitability.
Key Takeaways
Penske Automotive Group reported a 97% increase in income from continuing operations attributable to common shareholders to $200.1 million, and a 99% increase in related earnings per share to $2.49. Revenue was $5.8 billion compared to $5.9 billion in the same period last year.
Income from continuing operations attributable to common shareholders increased by 97% to $200.1 million.
Earnings per share increased by 99% to $2.49.
Retail automotive same-store revenue increased 0.6%.
Adjusted SG&A expenses declined $46.6 million and SG&A as a percentage of gross profit declined 800 basis points to 71.1%.
Revenue by Geographic Location
Forward Guidance
Penske Automotive Group did not provide specific forward guidance in the 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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