Penske Automotive Sees Revenue and Profit Growth

Penske Automotive Group ( (PAG) ) just unveiled an announcement.

Penske Automotive Group reported a 2% increase in quarterly revenue to $7.6 billion, with record service and parts revenue of $778 million, a 14% rise. Despite challenges, the company maintained robust gross profit per unit, with earnings per share at $3.39. New and used vehicle sales showed mixed results, while commercial truck units surged by 14%. Penske continues to expand through acquisitions, boosting its revenue potential and maintaining a strong financial position.

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