Penske Automotive Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 06:58 am EDT
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Penske Automotive Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 6,707.1 million compared to USD 6,289.8 million a year ago. Net income was USD 340.1 million compared to USD 355.1 million a year ago. Basic earnings per share from continuing operations was USD 4.61 compared to USD 4.46 a year ago. Basic earnings per share was USD 4.61 compared to USD 4.47 a year ago.
For the nine months, sales was USD 20,139.8 million compared to USD 18,663.1 million a year ago. Net income was USD 1,082 million compared to USD 876.5 million a year ago. Basic earnings per share from continuing operations was USD 14.31 compared to USD 10.91 a year ago. Basic earnings per share was USD 14.31 compared to USD 10.92 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. 
