Penske Automotive Group (PAG) Reports In-Line Q4 EPS
Penske Automotive Group (NYSE: PAG) reported Q4 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.36 billion.
Automotive Retail Highlights of the Fourth Quarter
- Total Retail Unit Sales Increased 10.5% to 98,251
- +8.0% in the United States; +16.9% Internationally
- New unit retail sales +11.7%
- Used unit retail sales +9.2%
- Same-store Retail Revenue Increased +8.3%
- New +8.8%; Used +8.0%; Finance & Insurance +10.1%; Service and Parts +6.2%
- +5.0% in the United States; +14.8% Internationally
- Average Transaction Price Per Unit
- New $40,642; +0.8%
- Used $27,035; +1.5%
- Average Gross Profit Per Unit
- New $3,185, -$58/unit; Gross Margin 7.8%, -20 basis points
- Used $1,659, -$92/unit; Gross Margin 6.1%, -50 basis points
- Finance & Insurance $1,070, +$29/unit
For earnings history and earnings-related data on Penske Automotive Group (PAG) click here.
