Penske Boosted by New Car Volumes and Premium Focus -- Market Talk

Dow Jones

2025/02/14

1423 ET - Penske Automotive Group turned in a strong 4Q report as same-store sales of new vehicles jumped 7%. Gross profit on those new vehicles increased from the prior quarter, while it decreased for used vehicles. Across the industry, gross profit per vehicle is still normalizing, but the metric has stabilized for Penske thanks to its focus on premium vehicles, Benchmark analyst Michael Albanese says in a research note. The analyst also points out that a 4Q inflection in the earnings for Penske's truck rental segment suggests a potential bottom for that business. Shares rise 8.5%. (dean.seal@wsj.com)

(END) Dow Jones Newswires

February 13, 2025 14:23 ET (19:23 GMT)

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Gross profit on those new vehicles increased from the prior quarter, while it decreased for used vehicles. Across the industry, gross profit per vehicle is still normalizing, but the metric has stabilized for Penske thanks to its focus on premium vehicles, Benchmark analyst Michael Albanese says in a research note. The analyst also points out that a 4Q inflection in the earnings for Penske's truck rental segment suggests a potential bottom for that business. Shares rise 8.5%. 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Gross profit on those new vehicles increased from the prior quarter, while it decreased for used vehicles. Across the industry, gross profit per vehicle is still normalizing, but the metric has stabilized for Penske thanks to its focus on premium vehicles, Benchmark analyst Michael Albanese says in a research note. The analyst also points out that a 4Q inflection in the earnings for Penske's truck rental segment suggests a potential bottom for that business. Shares rise 8.5%. 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Gross profit on those new vehicles increased from the prior quarter, while it decreased for used vehicles. Across the industry, gross profit per vehicle is still normalizing, but the metric has stabilized for Penske thanks to its focus on premium vehicles, Benchmark analyst Michael Albanese says in a research note. The analyst also points out that a 4Q inflection in the earnings for Penske's truck rental segment suggests a potential bottom for that business. Shares rise 8.5%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4214":"汽车零售","PAG":"潘世奇汽车","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC"},"translate_title":"潘世奇受到新车销量和高端关注的推动——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PAG":1},"content_text":"1423 ET - Penske Automotive Group turned in a strong 4Q report as same-store sales of new vehicles jumped 7%. Gross profit on those new vehicles increased from the prior quarter, while it decreased for used vehicles. Across the industry, gross profit per vehicle is still normalizing, but the metric has stabilized for Penske thanks to its focus on premium vehicles, Benchmark analyst Michael Albanese says in a research note. The analyst also points out that a 4Q inflection in the earnings for Penske's truck rental segment suggests a potential bottom for that business. Shares rise 8.5%. (dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 13, 2025 14:23 ET (19:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}