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Stock impact report

Penske (PAG) Stock Barely Moves Since Q1 Earnings Miss [Yahoo! Finance]

Penske Automotive Group, Inc. (PAG) 
Last penske automotive group, inc. earnings: 2/5 06:59 am Check Earnings Report
US:NYSE Investor Relations: investors.penskeautomotive.com
Company Research Source: Yahoo! Finance
It reported first-quarter 2024 adjusted earnings of $3.19 per share, which decreased 26% year over year and missed the Zacks Consensus Estimate of $3.35. The company registered net sales of $7.44 billion, which missed the Zacks Consensus Estimate of $7.45 billion. The top line, however, rose 1.5% from the year-ago quarter's level. Penske's gross profit in the reported quarter declined 0.6% on a year-over-year basis to $1.24 billion. The operating income contracted 12.3% to $327.6 million. Foreign currency transactions had positively impacted revenues, net income and earnings per share (EPS) by $98.1 million, $1.4 million and 2 cents, respectively. In the reported quarter, same-store retail units declined 0.5% year over year to 113,532. Within the Retail Automotive segment, same-store new-vehicle revenues were down 1.1% to $2.69 billion. Same-store used-vehicle revenues decreased 1.4% to $2.24 billion. Penske Automotive Group, Inc. Price, Consensus and EPS Surprise Penske Autom Show less Read more
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