Welcome to our dedicated page for Penske Automotv news (Ticker: PAG), a resource for investors and traders seeking the latest updates and insights on Penske Automotv stock.
Penske Automotive Group (NYSE: PAG) operates one of the world's premier transportation service networks, spanning automotive retail and commercial truck dealerships across three continents. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and strategic initiatives.
Access real-time updates on earnings announcements, dealership acquisitions, and operational milestones. Our curated collection features press releases about PAG's luxury vehicle sales growth, commercial truck service expansions, and international partnership developments. Users will find analysis of quarterly results alongside coverage of leadership changes and industry recognition.
Key content includes updates on PAG's North American retail operations, European commercial vehicle expansions, and Asia-Pacific market strategies. Track developments in critical areas including electric vehicle infrastructure investments, premium brand partnerships, and digital retail innovations. All content is verified through primary sources to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to Penske Automotive Group's latest business developments. Combine our news feed with SEC filings and earnings call transcripts for comprehensive investment research. Check back regularly for updates from this global leader in transportation services.
Penske Automotive Group (NYSE: PAG) reported record financial results for Q4 and full-year 2022. Q4 revenue rose 11% to $7.0 billion, with earnings per share increasing 6% to $4.21. For the full year, total revenue was $27.8 billion, a 9% increase, while earnings per share climbed 25% to $18.55. Despite foreign currency impacts negatively affecting revenue by $1 billion, key metrics excluding these effects showed a healthier growth trajectory, with revenues up 13% and EPS up 27%. The company repurchased 8.2 million shares for $886.5 million in 2022, and raised its quarterly dividend by 7% to $0.61 per share.
Penske Automotive Group (NYSE: PAG) announced it will host a financial results conference call on February 8, 2023, to discuss its fourth quarter and full-year 2022 earnings.
The call will occur at 2:00 p.m. EST, following the morning release of the financial results. Investors can access the call via phone or through a webcast on the company’s website.
A replay will be available later that day. Penske Automotive Group is a leading international transportation service company operating in multiple countries.
Penske Automotive Group, Inc. (NYSE: PAG) has announced a 7% increase in its quarterly dividend, raising it by
Penske Automotive Group (NYSE: PAG) announced a 7% increase in third-quarter revenue to $6.9 billion, with earnings per share rising 3% to $4.61. The company reported 9% growth in earnings before taxes from its Premier Truck Group, totaling $52.8 million, and a 15% increase in earnings from Penske Transportation Solutions amounting to $135.5 million. Year-to-date, Penske repurchased 6.4 million shares for $675.1 million. However, foreign currency exchange negatively impacted various financial metrics with total revenue declines attributed to exchange risks.
Penske Automotive Group (NYSE: PAG), a leading transportation services company, has announced a dividend increase of $0.04 per share, representing a 7.5% increase to $0.57 per share. This increase reflects the company's strong cash flow and diversified business model. The dividend is set to be paid on December 1, 2022, to shareholders recorded by November 10, 2022. President Robert Kurnick Jr. expressed confidence in the company's financial health and commitment to returning value to shareholders.
Penske Automotive Group (NYSE: PAG) will host a third quarter 2022 financial results conference call on October 26, 2022, at 2:00 p.m. ET. Investors can access the call by dialing (844) 200-6205 for domestic or (929) 526-1599 for international participants. The call follows the release of earnings that morning and will be available via webcast on the company's website. A replay of the call will be accessible until November 2, 2022. Penske is recognized as a leading retailer in the transportation sector across multiple countries.
Penske Automotive Group (NYSE: PAG) reported an 8% increase in earnings before taxes to $500 million for Q2 2022, with income from continuing operations rising 10% to $374 million and earnings per share up 17% to $4.93. Revenue decreased 1% to $6.9 billion, influenced by foreign currency exchange losses. The company repurchased 3.5 million shares for $362.7 million year-to-date and announced a $250 million increase in stock repurchase authority. The company remains focused on strong operational performance amidst supply chain challenges.
Penske Automotive Group (NYSE: PAG) has announced a 6% increase in its quarterly dividend, raising it by $0.03 to $0.53 per share. This decision reflects the company's strong cash flow and diversified business model. The dividend is set to be paid on September 1, 2022, to shareholders who are on record as of August 10, 2022. Penske operates globally, with significant operations in the U.S., UK, Germany, Italy, and Japan.
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