NYSE$PAG
Penske Automotive Group Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Penske Automotive Group reported a decrease in revenue and earnings per share for the second quarter of 2020 due to the impact of the COVID-19 pandemic, but diversification helped offset challenges.
Penske Automotive Group reported a challenging second quarter in 2020 due to the COVID-19 pandemic, with revenue decreasing to $3.7 billion and earnings per share falling to $0.56. The company's diversification, particularly retail commercial trucks and Penske Transportation Solutions, helped offset the impact of the automotive retail environment. The company took actions to control costs, manage inventory, and preserve liquidity, which led to sequential improvement throughout the quarter.
- Income from continuing operations was $45.0 million, or $0.56 per share, compared to $117.7 million, or $1.42 per share in the prior year.
- Revenue was $3.7 billion, a decrease from $5.8 billion in the same period last year.
- Liquidity stood at $1.2 billion as of June 30, 2020.
- The company will repay $300 million in senior subordinated notes in August.
Headline financials
Revenue & EPS history
Penske · Revenue · Quarterly
$3.65B
Revenue by segment
Penske · $3.64B total across 10 segments · Q2 2020
- Retail Auto - New$1.38B—38.1%
- Retail Auto - Used$1.17B—32.0%
- Retail Auto - Service & Parts$345M—9.5%
- Truck - New$236M—6.5%
- Retail Auto - Fleet & Wholesale$161M—4.4%
- Truck - Service & Parts$112M—3.1%
- Commercial Vehicle Dist.$98.4M—2.7%
- Retail Auto - F&I$97.1M—2.7%
- Truck - Used$36.9M—1.0%
- Truck - F&I$3.2M—0.1%
Forward guidance
This section is not available in the text.
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 Q2 2020
+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
| Quarter | Report date | Reaction (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% | — | — |
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