Penske Automotive Q4 2024 earnings beat
Penske Boasts Q4 Earnings Beat, Revenues Up As New And Used Car Deliveries Increase 3%
“New and used automotive gross profit per unit retailed remained strong, including a $74 per unit sequential increase in new vehicle gross profit per unit retailed when compared to the third quarter of 2024, and same-store service and parts revenue and gross profit increased 7% and 9%, respectively,” said Chair and CEO Roger Penske.
Penske Automotive Group, Inc. (PAG) Q4 2024 Earnings Call Transcript
Good afternoon, welcome to the Penske Automotive Group Fourth Quarter 2024 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately one hour after completion through February 20, 2025, on the Company's website under the Investors tab at www.penskeautomotive.com.
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Q4 2024 Management View Roger Penske highlighted record revenue of $30.5 billion in 2024, supported by the delivery of 491,000 vehicles and over 20,500 commercial trucks. The company completed ...
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 ...
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Cindric at ease with decision to downshift at PenskeThe decision by Penske Racing president Tim Cindric to step back from overseeing all of Roger Penske’s programs across IMSA, ...
Tim Cindric is stepping back from his active leadership role at Team Penske, though he will remain team president for the ...
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