Among the more disappointing details is the fact that Penske reported that net income attributable to common stockholders decreased 19% to $298.3 million from $367.9 million while related earnings per share decreased 9% to $4.31 from $4.76 year-over-year. Those positive numbers, however, cannot make up for some concerning trends elsewhere in the report, which is likely why the stock price stumbled a bit as investors digested the news. Among other highlights in the report, Penske announced that Q1 GAAP earnings per share of $4.31 beat Wall Street expectations by $0.20, retail and commercial truck same-store revenue increased by 10%, and retail automotive same-store revenue climbed 2%. That number represents a 5.3% increase year over year and beat Wall Street expectations by $320 million.
For additional information, visit the company's website at Wednesday, Penske Automotive Group ( NYSE: PAG) released a superficially encouraging Q1 revenue report in which the firm celebrated a record quarterly revenue increase of 5% to $7.34 billion. PAG is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes, and is ranked among the World's Most Admired Companies by Fortune Magazine. Additionally, PAG owns 28.9% of Penske Transportation Solutions, a business that manages a fleet of over 350,000 vehicles providing innovative transportation, supply chain and technology solutions to North American fleets. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG operates dealerships principally in the United States, the United Kingdom, Germany, Italy, and Japan and is one of the largest retailers of commercial trucks in North America for Freightliner. Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. Toyota of Turnersville, Turnersville, New Jersey – About Penske Automotive.Toyota of Surprise, Surprise, Arizona –.
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1 the Company has six dealerships in the top ten and fifteen of the top 25 on the annual list. (NYSE:PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers announced today that thirty-five (35) of its dealerships have been recognized as part of the Top 100 Best Dealerships to Work For 2021 by Automotive News, more than any other dealership group.Īudi Turnersville was once again ranked No. 21, 2021 /PRNewswire/ - Penske Automotive Group, Inc.
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