StockNews.AI
PAG
StockNews.AI
187 days

PENSKE AUTOMOTIVE GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

1. Q4 revenue reached a record $7.7 billion, up 6%. 2. Earnings per share increased 25% to $3.54, reflecting strong financial performance.

Earnings
+5.74%Current Return
VS
+1.21%S&P 500
$164.6402/13 07:00 AM EDTEvent Start
$174.0902/14 01:50 PM EDTLatest Updated
3m saved
Insight
Article

FAQ

Why Very Bullish?

Record revenue and significant EPS growth indicate strong operational performance. Similar past performance led to sustained stock price increases.

How important is it?

The article highlights key financial metrics that would entice investors and attract market attention.

Why Short Term?

Immediate positive results likely to boost investor confidence and stock price. Historically, Q4 results have spurred short-term gains.

Related Companies

PAG
Q4 Revenue Increases 6% to $7.7 Billion, a Quarterly Record Q4 Same-Store Retail Automotive Service and Parts Revenue up 7% and Related Gross Profit up 9% Q4 Selling, General, and Administrative Expenses as a Percent of Gross Profit Decreases 70 bps to 70.3% Q4 Earnings Before Taxes Increases 23% to $315.2 Million; Earnings Per Share Increases 25% to $3.54 Q4 Earnings Before Taxes Increases 6% to $315.2 Million When Compared to Q4 Adjusted Earnings Before  Taxes of $296.5 Million in Prior Year Period Q4 Earnings Per Share Increases 3% to $3.54 When Compared to Q4 Adjusted Earnings  Per Share of $3.45 in Prior Year Period Board of Directors Declares the 17th Consecutive Increase in the Quarterly Dividend to $1.22 Per Share BLOOMFIELD HILLS, Mich. , Feb. 13, 2025 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced fourth quarter and twelve-month 2024 results.

Related News