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Dec 31, 2021
Penske Q4 2021 Earnings Report
Penske Automotive Group reported record fourth quarter and full year 2021 results, with increases in revenue, income from continuing operations, and earnings per share.
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
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 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