Penske

🇺🇸 NYSE:PAG

Feb 13

•

Dec 31, 2024

Penske Q4 2024 Earnings Report

Key Takeaways

Penske Automotive Group reported a record quarterly revenue of $7.72B, up 6.2% YoY, driven by a 7% increase in new vehicle sales and strong service & parts growth. Net income rose 24.0% to $236.4M, with EPS up 24.6% to $3.54. Operating margin improved to 4.3%, reflecting cost efficiencies.

Total Revenue

$7.72B

Previous year: $7.27B

+6.2%

EPS

$3.54

Previous year: $3.45

+2.6%

New Retail Units Sold

55.39K

Previous year: 51.79K

+7.0%

Same-Store New Retail Units

52.04K

Previous year: 51.12K

+1.8%

New Agency Units Sold

11.11K

Previous year: 8.11K

+36.9%

Gross Profit

$1.26B

Previous year: $1.15B

+9.6%

Cash and Equivalents

$72.4M

Previous year: $96.4M

-24.9%

Total Assets

$16.7B

Previous year: $15.7B

+6.7%

Penske Revenue

Penske EPS

Penske Revenue by Segment

Penske Revenue by Geographic Location

Forward Guidance

Penske Automotive expects continued growth in premium brand dealerships, cost efficiencies, and steady service & parts performance, despite challenges in commercial truck sales.

Positive Outlook

Expansion in premium brand dealerships
Cost control improvements
Record service & parts revenue
Strong demand for new vehicles
Dividend increase

Challenges Ahead

Decline in commercial truck sales
Lower used vehicle volume
Foreign exchange fluctuations
Rising interest rates
Inventory supply challenges

Revenue & Expenses

Visualization of income flow from segment revenue to net income