NYSE$PAG

Penske Automotive Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Penske Automotive Group reported record earnings for Q4 2020, driven by same-store retail automotive margin expansion and growth in commercial truck dealership profitability.

Penske Automotive Group reported a 97% increase in income from continuing operations attributable to common shareholders to $200.1 million, and a 99% increase in related earnings per share to $2.49. Revenue was $5.8 billion compared to $5.9 billion in the same period last year.

  • Income from continuing operations attributable to common shareholders increased by 97% to $200.1 million.
  • Earnings per share increased by 99% to $2.49.
  • Retail automotive same-store revenue increased 0.6%.
  • Adjusted SG&A expenses declined $46.6 million and SG&A as a percentage of gross profit declined 800 basis points to 71.1%.

Headline financials

Total Revenue

$5.81B

Previous: $5.88B-1.2%
EPS (adj)

$2.49

Previous: $1.25+99.2%
Used Retail Units

57.0K

Previous: 65.3K-12.7%
New Retail Units (ex agency)

52.0K

Previous: 56.0K-7.0%
Net Income

$201M

Previous: $101M+98.8%
Operating Income

$243M

Previous: $153M+58.7%
Gross Profit

$898M

Previous: $867M+3.7%
Cash & Equivalents

$49.5M

Previous: $28.1M+76.2%
Total Assets

$13.2B

Previous: $13.9B-5.0%

Revenue & EPS history

Penske · Revenue · Quarterly

$5.81B

Q4 2020-1.2%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Penske · $14.7B total across 9 segments · Q2 2025

  • Retail Automotive Dealership
    $6.52B
  • Retail Automotive New Vehicle
    $2.94B
  • Retail Automotive Used Vehicle
    $2.2B
  • Retail Commercial Truck Dealership
    $944M
  • Retail Automotive Service & Parts
    $817M
  • Retail Commercial Truck New
    $656M
  • Retail Commercial Truck Service & Parts
    $227M
  • Commercial Vehicle Distribution and Other
    $201M
  • Retail Automotive F&I
    $201M

Forward guidance

Penske Automotive Group did not provide specific forward guidance in the 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 Q4 2020

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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