Financial Performance - Revenue for Q1 2025 reached $7605 million, a 2% increase compared to $7448 million in Q1 2024 [22] - Net income attributable to common stockholders was $244 million, up 14% from $215 million in Q1 2024 [22] - Earnings per share increased by 14% to $366, compared to $321 in Q1 2024 [22] - Adjusted earnings per share increased by 6% to $339, compared to $321 in Q1 2024 [22] - Adjusted EBITDA for Q1 2025 was $3724 million, a 52% increase compared to $3539 million in Q1 2024 [69] Retail Automotive - Retail auto same-store revenue increased by 2% to $6368 million [22] - New vehicle price increased by 35% to $59202, while used vehicle price increased by 115% to $37624 [27] - Same-store new units volume increased by 4% to 49076, while used units volume decreased by 11% to 57175 [35] Capital Allocation and Liquidity - Returned $122 million to shareholders in Q1 2025, including $82 million in dividends and $40 million through share repurchases [28] - As of March 31, 2025, the company had $118 million in cash and $2 billion of availability under its credit agreements and mortgage facilities [27] - The company's leverage ratio was 12x as of March 31, 2025 [27] Penske Transportation Solutions (PTS) - PTS operating revenue remained relatively stable at $2703 million in Q1 2025 [58] - PTS net income increased by 3% to $115 million in Q1 2025 [58] - PAG recorded equity income from PTS investment of $332 million for the three months ended March 31, 2025 [61]