Penske Automotive Group, Inc. (PAG) Monday posted higher profit for the first quarter largely reflecting improved retail sales. Earnings per share from continuing operations beat analysts' estimate.
For the quarter the company posted net earnings attributable to shareholders of $57.66 million, up from $46.81 million a year back. On a per share basis, the firm reported earnings of $0.64 compared with $0.52 last year.
Income from continuing operations per share for the period was $0.63. Eleven analysts, on average, polled by Thomson Reuters estimated earnings per share of $0.62 for the quarter. Analysts estimates typically exclude one-time items.
Revenue for the three months was $3.399 billion, up from $3.156 billion reported for the corresponding period last year. The Street was looking for revenue of $3.48 billion for the period.
On a same-store basis, the firm reported a 7.4 percent rise in retail revenue, citing strong performance across each business area including a 9.9 percent increase in total retail unit sales and 6.8 percent on a same-store basis.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.