Penske AutomotiveNYSE: PAG

Expands North American Operations to New Market Areas in Wisconsin and Minnesota Expected to Add $200 Million in Estimated Annualized Revenue BLOOMFIELD HILLS, Mich. , June 10, 2024 /PRNewswire/ -- Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group, Inc. company (NYSE:PAG), announced today the acquisition of River States Truck and Trailer, Inc. (RSTT) headquartered in La Crosse, WI.

BLOOMFIELD HILLS, Mich. , June 4, 2024 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, has completed its acquisition of Porsche Centre Brighton and Porsche Centre Doncaster located in Melbourne, Australia, expanding its portfolio to 24 Porsche dealerships worldwide.

Penske Automotive reported earnings of $3.19 per share for the quarter, falling short of the expected $3.35 per share according to Zacks Consensus Estimate. This is lower than the $4.31 per share earnings from the previous year.

While looking at Penske's (PAG) revenue and EPS can provide insight into its performance in the first quarter of 2024, it is also important to compare certain key metrics with Wall Street expectations and figures from the previous year.

Penske (PAG) has agreed to purchase three dealerships in Melbourne as part of its efforts to grow its retail automotive presence in Australia.

Penske Automotive Group, Inc. (PAG) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Penske (PAG) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Get a deeper insight into the potential performance of Penske (PAG) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.