
Penske Automotive Group (NYSE:PAG) Issues Earnings Results, Misses Estimates By $0.06 EPS

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Penske Automotive Group (NYSE:PAG) reported quarterly earnings of $3.05 EPS, missing estimates by $0.06. Revenue was $7.86 billion, slightly above expectations. The company experienced a 1.1% decline in revenue year-over-year. Despite the earnings miss, Penske announced a dividend increase to $1.40 and highlighted strong performance in service and parts. The stock traded at $171.41, with a market cap of $11.27 billion. Analysts have noted institutional interest in the stock, with hedge funds owning 77.08% of shares.
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