Penske Automotive Group Inc

PAG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$734.00	Fxprcbb	Nfbhwtbw

Penske Posts Record Q3 EPS Despite Translation Challenges From the Strong Dollar

David Whiston

Oct 26, 2022

We are not changing our Penske Automotive Group fair value estimate after a record third quarter which saw the company do well despite the strong dollar hurting translation of foreign earnings primarily from the U.K. International business is about 35% of the company’s results, but diluted EPS from continuing operations grew by 3% year over year to $4.61, beating the $4.38 Refinitiv consensus. Foreign exchange deducted $0.14 from EPS.

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