Stephens Reiterates Overweight Rating on Penske Automotive Group (PAG) Following 1Q

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Go back to Stephens Reiterates Overweight Rating on Penske Automotive Group (PAG) Following 1Q

Penske Automotive Reports First Quarter 2020 Results

May 6, 2020 6:58 AM EDT

BLOOMFIELD HILLS, Mich., May 6, 2020 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company, today announced first quarter 2020 results. For the three months ended March 31, 2020, the company reported income from continuing operations attributable to common shareholders of $51.6 million, or $0.64 per share, compared to $100.1 million, or $1.19 per share in the prior year. Foreign exchange negatively impacted earnings per share by $0.01. Revenue was $5.0 billion compared to $5.6 billion in the same period last year.

In the U.S., through February same-store new and used automotive retail unit sales increased 7.5% and... More