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