NYSE$PAG

Penske Automotive Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Penske Automotive Group reported record Q4 revenue and earnings per share, with revenue increasing 11% to $7.0 billion and earnings per share increasing 6% to $4.21.

Penske Automotive Group announced record fourth quarter results, with revenue increasing 11% to $7.0 billion and earnings per share increasing 6% to $4.21. The company retailed more than 447,000 new and used vehicles through its retail automotive operations and over 20,000 new and used commercial trucks through its commercial truck dealerships.

  • Q4 revenue increased 11% to $7.0 billion.
  • Earnings per share increased 6% to $4.21.
  • Retail automotive same-store revenue increased 4%.
  • Retail commercial truck same-store revenue increased 33%.

Headline financials

Total Revenue

$7.01B

Previous: $6.3B+11.4%
EPS (adj)

$4.21

Previous: $4.10+2.7%
Used Retail Units

58.0K

Previous: 58.9K-1.6%
New Retail Units

50.3K

Previous: 42.8K+17.6%
Net Income

$299M

Previous: $313M-4.3%
Operating Income

$336M

Previous: $356M-5.8%
Gross Profit

$1.18B

Previous: $1.18B+0.3%
Cash & Equivalents

$107M

Previous: $101M+5.8%
Total Assets

$14.1B

Previous: $13.5B+4.8%

Revenue & EPS history

Penske · Revenue · Quarterly

$7.01B

Q4 2022+11.4%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Penske · $7B total across 10 segments · Q4 2022

  • Retail Auto - New
    $2.76B+18.3%
  • Retail Auto - Used
    $1.99B-5.6%
  • Truck - New
    $685M+59.6%
  • Retail Auto - Service & Parts
    $634M+13.0%
  • Retail Auto - Fleet & Wholesale
    $320M+18.4%
  • Truck - Service & Parts
    $212M+27.4%
  • Retail Auto - F&I
    $201M+2.3%
  • Commercial Vehicle Dist.
    $141M+5.1%
  • Truck - Used
    $48.1M-39.4%
  • Truck - F&I
    $4.2M-16.0%

Forward guidance

This press release does not contain forward guidance. Therefore, the positive and negative bullet points are not available.

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 Q4 2022

Historical avgQ4 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%

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