Penske Automotive (PAG) Surpasses Q2 Earnings and Revenue Estimates

Penske Automotive (PAG) came out with quarterly earnings of $3.61 per share, beating the Zacks Consensus Estimate of $3.43 per share. This compares to earnings of $4.41 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates just once. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on ...