Dividend IncreasePenske Automotive raised its dividend 4.5% and maintained a 3.2% forward yield, supporting shareholder returns.
Operational EfficiencyCost discipline continues to shine, keeping gross margins above 16.5% for eight straight quarters, while G&A leverage and pre-tax margins improved.
Revenue GrowthRetail automotive revenue grew 4% to $6.6B and gross profit rose 2%, driven by 8% growth in aftersales with expanding margins.