Penske Automotive Reports First Quarter 2020 Results
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Stephens Reiterates Overweight Rating on Penske Automotive Group (PAG) Following 1Q
May 7, 2020 7:26 AM EDTStephens analyst Rick Nelson reiterated an Overweight rating and $40.00 price target on Penske Automotive Group (NYSE: PAG) following the company's 1Q earnings report. PAG reported 1Q20 EPS of $0.64 vs. consensus estimate of $0.69. Nelson thinks consensus did not adequately reflect UK store closures in a... More
Penske Automotive Group (PAG) Misses Q1 EPS by 7c, Revenues Miss, 1Q Same-Store Retail Revs. Down 12%
May 6, 2020 7:01 AM EDTPenske Automotive Group (NYSE: PAG) reported Q1 EPS of $0.64, $0.07 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $5 billion versus the consensus estimate of $5.24 billion.
First Quarter 2020 Operational Information
Same-store retail revenue decreased 12%Same-store new vehicle gross/unit $3,211, flatSame-store used vehicle gross/unit $1,375, +$48Same-store finance & insurance per unit $1,363, +$87Same-store variable gross profit per... More