Penske Q4 2021 Earnings Report
Key Takeaways
Penske Automotive Group reported a strong fourth quarter with record revenue, earnings before taxes, net income, and earnings per share. The company's performance was driven by strong retail automotive and commercial truck vehicle margins, a 26% increase in same-store retail automotive gross profit, and continued strong earnings from Penske Transportation Solutions.
Income from continuing operations increased by 55% to $310.4 million.
Earnings per share increased by 59.4% to $3.97.
Adjusted income from continuing operations increased by 60% to $320.5 million.
Adjusted earnings per share increased by 64.7% to $4.10.
Penske
Penske
Penske Revenue by Segment
Penske Revenue by Geographic Location
Forward Guidance
Penske Automotive Group did not provide specific forward guidance in this earnings report. However, they highlighted their target of 150,000 unit sales and $100 million of earnings before taxes for CarShop by the end of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income