Benzinga | Oct 22, 2020 07:34AM EDT

Penske Automotive Group: Q3 Earnings Insights

Shares of Penske Automotive Group (NYSE:PAG) rose 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 102.11% year over year to $2.87, which beat the estimate of $1.56.

Revenue of $5,972,000,000 rose by 0.07% from the same period last year, which beat the estimate of $5,500,000,000.

Outlook

Penske Automotive Group hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 22, 2020

Time: 03:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/pag/mediaframe/41520/indexr.html

Recent Stock Performance

52-week high: $58.12

52-week low: $19.99

Price action over last quarter: Up 21.27%

Company Description

Penske Automotive Group owns and operates 145 U.S. light-vehicle franchises in 21 states and Puerto Rico as well as 172 franchises overseas, primarily in the United Kingdom. The company is the second- largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with 93% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 25 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns the CarSense and CarShop used-vehicle stores. The company is based in Michigan and was called United Auto Group before changing its name in 2007.