Penske Automotive Group (PAG) Tops Q1 EPS by 10c

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Go back to Penske Automotive Group (PAG) Tops Q1 EPS by 10c

Penske Automotive Reports Record First Quarter Results

April 25, 2018 6:59 AM EDT

BLOOMFIELD HILLS, Mich., April 25, 2018 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), an international transportation services company, today announced record first quarter results. For the three months ended March 31, 2018, income from continuing operations attributable to common shareholders increased 29.8% to $108.0 million, and related earnings per share increased 29.9% to $1.26 when compared to the same period last year. The results for the three months ended March 31, 2018 include a net benefit totaling $1.0 million after tax, or $0.01 per share, consisting of a $6.4 million net gain related to several retail automotive dealership actions including the sale of five... More