WHEN: Wednesday, July 31, 2024 TIME: 2:00 p.m. Eastern PHONE: United States, please dial (877) 692-8955 (access code 8247256) International, please dial (234) 720-6979 (access code 8247256) Note: Callers should dial-in approximately 10-15 minutes before the call begins WEBCAST: To access the live webcast of the conference call, please visit https://investors.penskeautomotive.com/events-and-presentations and select the webcast link Anthony Pordon Executive Vice President - Investor Relations BLOOMFIELD HILLS ...

Penske is riding high on strategic acquisitions. Last year, the company completed acquisitions that added more than $340 million in annualized revenues. The acquisition of Rybrook Group, completed in January 2024, is likely to add $1 billion to the company's annualized revenues. The acquisition of two Porsche dealerships in Australia, completed in June, is expected to add $130 million to PAG's annualized revenues. The acquisition of River States Truck and Trailer, Inc., also completed in June, is expected t ...

rates; our ability to consummate, integrate, and realize returns on acquisitions; with respect to PTS, changes in the financial health of its customers, labor strikes or work stoppages by its employees, a reduction in PTS' asset utilization rates, continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, changes in values of used trucks which affects PTS' profitability on truck sales and regulatory risks and related compliance costs, our ability to realize returns on ...

Expands North American Operations to New Market Areas in Wisconsin and Minnesota Three Full-Service Freightliner and Western Star Dealerships: River States Truck and Trailer – Eau Claire, which will become Premier Truck Group of Eau Claire River States Truck and Trailer – La Crosse, which will become Premier Truck Group of La Crosse River States Truck and Trailer – Roberts, which will become Premier Truck Group of Roberts Two Independent Repair Facilities: JL Truck and Trailer, located in Osseo, WI Minnesot ...

commercial vehicles, engines, and power systems; natural disasters; recall initiatives or other disruptions that interrupt the supply of vehicles or parts to us; the outcome of legal and administrative matters, and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, risks, and other uncertainties, which could affect Penske Automotive Group's future per ...

Shares of Penske Automotive Group (PAG) have hardly moved since the company reported first-quarter 2024 results. It reported first-quarter 2024 adjusted earnings of $3.19 per share, which decreased 26% year over year and missed the Zacks Consensus Estimate of $3.35. The company registered net sales of $7.44 billion, which missed the Zacks Consensus Estimate of $7.45 billion. The top line, however, rose 1.5% from the year-ago quarter's level.Penske’s gross profit in the reported quarter declined 0.6% on a ye ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3086739 (State or ot ...

(1 Customers control the purchase process and have the ability to flow across in-store and online options Now a framework around which vehicles are sold regardless of how the customer engages Leverage the same system if the customer starts in store Added additional structure and capabilities Leverage tools that integrate the online/in-store platform PENSKE AUTOMOTIVE GROUP / 34 Hybrid purchase process through dealer websites Trade/Sell valuations online Immersive chat and text (AI to human-powered) Online C ...

Penske Automotive Group, Inc. (NYSE:PAG) Q1 2024 Earnings Conference Call April 29, 2024 2:00 PM ET Company Participants Tony Pordon - Executive Vice President, Investor Relations and Corporate Development Roger Penske - Chair and CEO Shelley Hulgrave - Executive Vice President and CFO Rich Shearing - North American Operations Randall Seymore - International Operations Tony Facione - Vice President and Corporate Controller Conference Call Participants John Murphy - Bank of America Michael Ward - Freedom Cap ...

FOR IMMEDIATE RELEASE PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS Retail Automotive Revenue Increased 3% Gross Margin of 16.7% Increased 40 Basis Points Sequentially Selling, General, & Administrative Expenses as a Percentage of Gross Profit Improved Sequentially By 30 Basis Points to 70.7% Profitability Impacted by Lower Equity Earnings from PTS and Higher Interest Expense BLOOMFIELD HILLS, MI, April 30, 2024 – Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation serv ...