Penske Automotive Group (PAG) Misses Q4 EPS by 4c, Revenues Miss, Same-Store Retail Unit Sales -2.3%

Penske Automotive Group (NYSE: PAG) reported Q4 EPS of $1.11, $0.04 worse than the analyst estimate of $1.15. Revenue for the quarter came in at $5.44 billion versus the consensus estimate of $5.57 billion.

"2018 was the best year in the history of Penske Automotive Group, including record results for units retailed, revenue and earnings before taxes," said Chairman Roger S. Penske. "I am particularly pleased with the 10.2% growth in earnings before taxes and the $190.1 million our company returned to shareholders in dividends and share repurchases representing over 40% of our net income." Penske continued, "For the fourth quarter, our business was driven by continued growth in used vehicles, service and parts, the commercial truck operation and our equity investment in Penske Truck Leasing. However, product availability in Western Europe of certain brands, WLTP and the ongoing diesel challenges impacted our performance during the quarter."

For earnings history and earnings-related data on Penske Automotive Group (PAG) click here.

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