Penske Automotive Group Inc

PAG: XNYS (USA)
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Penske Earnings: Solid Quarter Shows Benefits of Diversification

Penske Automotive Group reported first-quarter adjusted diluted EPS of $3.39, which beat the $3.27 LSEG consensus and was up 5.6% year over year. Total gross profit rose 1.9% and same store retail automotive revenue grew 2.1%, led by 7.2% growth in new vehicles and 4.2% service growth.

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