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.
Penske Automotive Group's Retail Automotive segment shows accelerating growth in new car unit sales and improving margins, ...
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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, ...
In the years before the Penske Entertainment era, IndyCar president Jay Frye was seen by many as the voice who would usher it into the future.
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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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Penske Entertainment signs new fantasy league partnerIndyCar Series fans will have a new, mobile app-based fantasy gaming opportunity to explore with Penske Entertainment’s signing of GridRival. Fans of IMSA’s WeatherTech SportsCar Championship ...
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'No hidden agendas': Inside Tim Cindric's decision to step down as Team Penske's presidentAfter 25 years as Team Penske's president, Tim Cindric has achieved more than just about any race team in any series could ...
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