Penske Automotive Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 07:00 am EDT
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Penske Automotive Group, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 5,773.8 million compared to USD 5,009.1 million a year ago. Operating income was USD 219.6 million compared to USD 106.4 million a year ago. Net income was USD 182.5 million compared to USD 51.7 million a year ago.
Penske Automotive Group, Inc. is a diversified international transportation services company. The Company is also engaged in automotive and commercial truck retailing. The Company operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and retailers of commercial trucks in North America for freightliner. The Company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The Retail Automotive segment consists of its retail automotive dealership operations. The Retail Commercial Truck segment consists of its retail commercial truck dealership operations in the United States and Canada. The Other segment consists of its commercial vehicle and power system distribution operations. The Non-Automotive Investments segment consists of its equity method investments in non-automotive operations, which includes its investment in Penske Transportation Solutions (PTS) and various other investments.
PENSKE AUTOMOTIVE GROUP, INC. 
