Penske Automotive (US:PAG)2023-10-26 00:23Financial Performance - Penske Automotive Group's revenue for the nine months ended September 30, 2023 was $22.3 billion[17], an increase of 7% compared to $20.8 billion in the same period of 2022[42] - Income from continuing operations for the nine months ended September 30, 2023, excluding foreign exchange impacts, was $863 million[42], a decrease of 20% compared to $1.082 billion in 2022[42] - Earnings per share for the nine months ended September 30, 2023, excluding foreign exchange impacts, was $12.64[42], a decrease of 12% compared to $14.31 in 2022[42] - The company repurchased 2.7 million shares for $365 million during the nine months ended September 30, 2023[15] - Penske Transportation Solutions (PTS) contributed $238 million in equity earnings to Penske Automotive Group for the nine months ended September 30, 2023[39] Retail Automotive - Same-store new units increased by 9% and used units decreased by 4% for the nine months ended September 30, 2023[20] - Same-store new vehicle gross profit per unit decreased by 10% to $6,180, and used vehicle gross profit per unit decreased by 19% to $1,764 for the nine months ended September 30, 2023[20] - Same-store variable vehicle gross profit decreased by $628 per unit, or 11%, to $5,180 in Q3 2023[13] Retail Commercial Trucks - Premier Truck Group's EBT for the nine months ended September 30, 2023, was $173.7 million[51], an increase of 6%[51] - Same-store new units increased by 5% and used units increased by 3% for the nine months ended September 30, 2023[52] Penske Transportation Solutions (PTS) - PTS operating revenue for Q3 2023 was $2.8 billion[131], an increase of 4%[129] - PTS net income for Q3 2023 was $291 million[131], a decrease of 38%[157]