NYSE$PAG
Penske Automotive Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Penske Automotive Group reported record quarterly revenue and strong performance from automotive and commercial truck operations, which was partially offset by higher interest expense and lower equity earnings.
Penske Automotive Group reported an 8% increase in revenue to a record $7.5 billion for the second quarter of 2023. Net income attributable to common stockholders decreased by 20% to $300.8 million, with earnings per share decreasing by 11% to $4.41.
- Revenue increased 8% to a quarterly record of $7.5 billion.
- Retail automotive same-store revenue increased 6%, including an 11% increase in service & parts.
- Retail commercial truck same-store revenue increased 19%, including a 4% increase in service & parts.
- Earnings per share decreased 11% to $4.41.
Headline financials
Revenue & EPS history
Penske · Revenue · Quarterly
$7.47B
Revenue by segment
Penske · $7.46B total across 10 segments · Q2 2023
- Retail Automotive New Vehicle$2.82B+15.3%37.8%
- Retail Automotive Used Vehicle$2.33B-2.4%31.3%
- Retail Automotive Service & Parts$685M+14.8%9.2%
- Retail Commercial Truck New$616M+37.8%8.3%
- Retail Auto - Fleet & Wholesale$356M+3.2%4.8%
- Retail Commercial Truck Service & Parts$232M+5.7%3.1%
- Retail Automotive F&I$214M-3.3%2.9%
- Commercial Vehicle Distribution and Other$143M+1.7%1.9%
- Truck - Used$52.4M-33.4%0.7%
- Truck - F&I$5M+11.1%0.1%
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 19 quarterly earnings reports · overlaid with Q2 2023
+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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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