Penske Automotive 4Q Profit Jumps on Record Revenue

Dow Jones

02-13

By Dean Seal

Penske Automotive logged higher earnings in the fourth quarter as new vehicle sales helped lift its top line to a quarterly record.

The vehicle retailer posted a profit of $236.4 million, or $3.54 a share, compared with $190.7 million, or $2.84 a share, in the same quarter a year ago.

Stripping out one-time items, adjusted earnings were $3.45 a share. Analysts polled by FactSet had been looking for $3.30 a share.

Revenue climbed 6.2% to $7.72 billion, ahead of analyst projections for $7.6 billion, according to FactSet.

Chief Executive Roger Penske said revenue hit a quarterly record while gross profit on new and used cars remained strong.

The company delivered 11% more new units to dealerships during the quarter and 6% fewer used units.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 13, 2025 07:23 ET (12:23 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts polled by FactSet had been looking for $3.30 a share. \n</p>\n<p>\n  Revenue climbed 6.2% to $7.72 billion, ahead of analyst projections for $7.6 billion, according to FactSet. \n</p>\n<p>\n  Chief Executive Roger Penske said revenue hit a quarterly record while gross profit on new and used cars remained strong. \n</p>\n<p>\n  The company delivered 11% more new units to dealerships during the quarter and 6% fewer used units. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 13, 2025 07:23 ET (12:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PAG","symbol_name":"潘世奇汽車","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511954153","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511954153","pubTimestamp":1739449380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Penske Automotive logged higher earnings in the fourth quarter as new vehicle sales helped lift its top line to a quarterly record.The vehicle retailer posted a profit of $236.4 million, or $3.54 a share, compared with $190.7 million, or $2.84 a share, in the same quarter a year ago.Stripping out one-time items, adjusted earnings were $3.45 a share. 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Analysts polled by FactSet had been looking for $3.30 a share. \n\n\n  Revenue climbed 6.2% to $7.72 billion, ahead of analyst projections for $7.6 billion, according to FactSet. \n\n\n  Chief Executive Roger Penske said revenue hit a quarterly record while gross profit on new and used cars remained strong. \n\n\n  The company delivered 11% more new units to dealerships during the quarter and 6% fewer used units. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 13, 2025 07:23 ET (12:23 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,"code":"91000000","status":"200"}}}