Penske Automotive Group (PAG) Tops Q2 EPS by 4c

Penske Automotive Group (NYSE: PAG) reported Q2 EPS of $0.89, $0.04 better than the analyst estimate of $0.85. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.23 billion.

Commenting on the company's record results, Penske Automotive Group Chairman Roger S. Penske said, "Our business delivered another outstanding quarter, achieving over 20% growth in revenues, income from continuing operations and related earnings per share. I am particularly pleased with another quarter of double-digit, same-store retail revenue growth, further highlighting the benefit of our company's brand mix and geographic diversification. We remain confident in the strength of the auto retail market and our ability to continue growing the overall business."

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

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