Dec 31, 2022

Penske Q4 2022 Earnings Report

Penske Automotive Group reported record Q4 revenue and earnings per share, with revenue increasing 11% to $7.0 billion and earnings per share increasing 6% to $4.21.

Key Takeaways

Penske Automotive Group announced record fourth quarter results, with revenue increasing 11% to $7.0 billion and earnings per share increasing 6% to $4.21. The company retailed more than 447,000 new and used vehicles through its retail automotive operations and over 20,000 new and used commercial trucks through its commercial truck dealerships.

Q4 revenue increased 11% to $7.0 billion.

Earnings per share increased 6% to $4.21.

Retail automotive same-store revenue increased 4%.

Retail commercial truck same-store revenue increased 33%.

Total Revenue
$7.01B
Previous year: $6.3B
+11.4%
EPS
$4.21
Previous year: $4.1
+2.7%
Used Vehicle Unit Sales
57.99K
Previous year: 58.92K
-1.6%
New Vehicle Unit Sales
50.34K
Previous year: 42.81K
+17.6%
Gross Profit
$1.18B
Previous year: $1.18B
+0.3%
Cash and Equivalents
$107M
Previous year: $101M
+5.8%
Total Assets
$14.1B
Previous year: $13.5B
+4.8%

Penske

Penske

Penske Revenue by Segment

Forward Guidance

This press release does not contain forward guidance. Therefore, the positive and negative bullet points are not available.

Revenue & Expenses

Visualization of income flow from segment revenue to net income