NYSE$PAG

Penske Automotive Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Penske Automotive Group reported all-time record quarterly results for Q1 2022, with earnings before taxes increasing 101% to $497.6 million.

Penske Automotive Group announced record-breaking first-quarter results for 2022. Income from continuing operations increased by 102% to $367.9 million, and earnings per share rose by 111% to $4.76. The company also repurchased 1.9 million shares of common stock for $184 million year-to-date through April 26, 2022.

  • Total revenue increased 21% to $7.0 billion.
  • Retail automotive same-store revenue increased 11%.
  • Commercial truck same-store revenue increased 47%.
  • Earnings from investment in Penske Transportation Solutions increased by 121%.

Headline financials

Total Revenue

$6.98B

Previous: $5.77B+20.8%
EPS (adj)

$4.76

Previous: $2.26+110.6%
Used Retail Units

68.2K

No prior period
New Retail Units

45.5K

No prior period
Free Cash Flow

$368M

Previous: $183M+101.6%
Net Income

$368M

Previous: $183M+101.6%
Operating Income

$402M

Previous: $220M+83.1%
Gross Profit

$1.23B

Previous: $913M+34.9%
Cash & Equivalents

$170M

Previous: $94.6M+80.0%
Total Assets

$13.7B

Previous: $13.2B+3.4%

Revenue & EPS history

Penske · Revenue · Quarterly

$6.98B

Q1 2022+20.8%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Penske · $6.96B total across 10 segments · Q1 2022

  • Retail Auto - New
    $2.45B
  • Retail Auto - Used
    $2.42B
  • Retail Auto - Service & Parts
    $586M
  • Truck - New
    $472M
  • Retail Auto - Fleet & Wholesale
    $357M
  • Retail Auto - F&I
    $217M
  • Truck - Service & Parts
    $197M
  • Commercial Vehicle Dist.
    $154M
  • Truck - Used
    $100M
  • Truck - F&I
    $6.4M

Forward guidance

Penske Automotive Group did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.9%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.8%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+11.1%

Q2 2016

Best reaction

-11.7%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.1%+1.9%+3.4%
Q4 2025+5.4%+4.2%-11.2%
Q3 2025-1.4%-2.5%-0.8%
Q1 2025-1.2%-0.9%+4.2%
Q4 2024+6.8%+4.2%-10.1%
Q3 2024-2.1%-3.3%+7.2%
Q2 2024+3.9%-2.3%+3.2%
Q1 2024-2.2%-1.2%-3.2%
Q4 2023-1.1%+3.4%+1.7%
Q3 2023+1.4%-0.4%+7.5%
Q2 2023-1.2%-2.2%-1.0%
Q1 2023+0.9%+4.3%+3.4%
Q4 2022+3.3%+5.7%+5.2%
Q3 2022+4.0%+7.5%+20.9%
Q2 2022+4.4%+10.4%+12.0%
Q1 2022+7.8%+9.0%+17.5%
Q4 2021-4.8%-6.1%-1.6%
Q3 2021-4.5%-2.3%-7.9%
Q2 2021+7.7%+11.1%+10.8%
Q1 2021+0.4%+2.1%-3.2%
Q4 2020-0.4%+0.8%+29.3%
Q3 2020-2.1%-5.9%+0.9%
Q2 2020-0.2%-3.8%+5.2%
Q1 2020+2.4%+4.8%+28.7%
Q4 2019+6.2%+6.9%-6.2%
Q3 2019-2.0%+1.1%+2.5%
Q2 2019-1.9%-3.2%-8.4%
Q1 2019+1.2%-0.3%-4.1%
Q4 2018-11.7%-8.6%-11.7%
Q3 2018-0.8%-2.0%-4.3%
Q2 2018+5.6%+8.1%+8.4%
Q1 2018+2.5%+1.2%+8.3%
Q4 2017-0.6%-1.4%-2.7%
Q3 2017+6.9%+3.7%-0.0%
Q2 2017+0.6%-3.0%-9.9%
Q1 2017+0.4%-2.8%-12.0%
Q4 2016-4.2%-2.6%-9.5%
Q3 2016-0.8%+2.5%+13.9%
Q2 2016+11.1%+6.2%+24.4%
Q1 2016+10.9%
Q4 2015+0.9%
Q3 2015-4.4%
Q2 2015+6.0%
Q1 2015-5.2%
Q4 2014-8.1%
Q3 2014-0.0%
Q2 2014-3.3%
Q1 2014+2.2%
Q4 2013+1.2%
Q3 2013-2.8%
Q2 2013+6.4%
Q1 2013+3.8%
Q4 2012-3.8%
Q3 2012-9.9%
Q2 2012-0.7%
Q1 2012+1.1%
Q4 2008+2.1%
Q4 2011+2.1%
Q3 2011+0.9%
Q2 2011-5.1%
Q1 2010-0.6%
Q1 2011+0.0%
Q4 2010-2.8%
Q3 2010+5.2%
Q3 2009+5.2%
Q2 2009+4.3%
Q4 2009+4.3%
Q2 2010+4.3%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro