Penske Q3 Earnings Miss Expectations, Revenues Rise Y/Y

Penske Automotive Group (PAG) reported third-quarter 2024 adjusted earnings of $3.36 per share, which decreased 13.8$3.48. Lower-than-expected results from the Retail Automotive segment contributed to the underperformance. The company registered net sales of $7.59 billion, missing the Zacks Consensus Estimate of$7.77 billion. The top line rose 2% from the year-ago quarter's level. Stay up-to-date with the quarterly releases: See Zacks Earnings Cal ...