Penske Automotive Group Inc
PAG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| b@v | LOCK|Dr?n | LOCK|Q@rhzK^ |
Penske Earnings: Gross Profit Growth Helps Leverage Overhead Costs
Penske Automotive's second-quarter diluted EPS of $3.78 beat the $3.56 LSEG consensus and increased 4.7% year over year. Same-store retail automotive revenue fell 1.3% but some of that weakness stemmed from the used vehicle move to Sytner Select, which aided profits despite lower volume.
