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Penske Automotive Group (PAG)
NYSE:PAG
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.2Last Year’s EPS
3.21Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 1.99%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by Penske Automotive Group, with record revenue and profitability, strategic acquisitions, and a robust dividend increase. However, challenges remain in the used vehicle segment, BEV inventory management, and rental revenue due to external market conditions.Company Guidance
During the Penske Automotive Group's fourth-quarter 2024 earnings call, several key metrics were highlighted reflecting a strong performance and strategic growth. The company reported an increase in revenue by 6% to a record $7.7 billion, with earnings before taxes growing 23% to $315 million. Net income rose 24% to $236 million, resulting in earnings per share of $3.54, marking a 25% increase. The company delivered 491,000 new and used vehicles throughout the year, contributing to a 3% increase in total annual revenue, which reached $30.5 billion. The company also expanded through acquisitions amounting to $2.1 billion in expected annualized revenue. Service and parts revenue grew by 13% to $771 million, and the technician count increased by 7%. Despite a decline in used units, gross profit per used vehicle increased by $349 quarter over quarter. Penske maintained strong financial health with a debt capitalization ratio of 26.2% and a leverage ratio of 1.2x. Additionally, the quarterly dividend was raised for the seventeenth consecutive time, reflecting a 54% increase since the end of 2023.Record Revenue and Profitability
Penske Automotive Group achieved record revenue for 2024, increasing 3% to $30.5 billion, with a strong fourth quarter revenue increase of 6% to $7.7 billion. Earnings per share increased by 25% in Q4.
Dividend Increase
Announced the seventeenth consecutive quarterly dividend increase, a 3-cent rise to $1.22 per share, marking a 54% increase since the end of 2023.
Service and Parts Revenue Growth
Service and parts revenue increased 13% in Q4, with a 7% increase on a same-store basis, highlighting a strong focus on this business segment.
Technician Workforce Growth
Increased technician count by 7% in 2024, supporting the growth of service and parts business.
Successful Acquisitions
Completed acquisitions representing $2.1 billion in expected annualized revenue, expanding operations in the US, UK, and Australia.
Strong Balance Sheet and Cash Flow
Maintained strong cash flow with $1.2 billion generated from operations and $811 million in free cash flow for 2024.
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PAG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PAG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $164.64 | $175.89 | +6.83% |
| Oct 29, 2024 | $154.50 | $151.85 | -1.72% |
| Jul 31, 2024 | $162.59 | $171.69 | +5.60% |
| Apr 30, 2024 | $152.30 | $149.88 | -1.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Penske Automotive Group (PAG) report earnings?
Penske Automotive Group (PAG) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Penske Automotive Group (PAG) earnings time?
Penske Automotive Group (PAG) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAG EPS forecast?
PAG EPS forecast for the fiscal quarter 2025 (Q1) is 3.2.
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