-
Recent Posts
- Annals of Marketing – Curated by Cadillac Escalade IQ
- Penske Automotive Group Take Private Proposal Advisors Set
- Alex Palou All But Assured of 2026 NTT IndyCar Series Title
- Seat Belt Recalls – Alfa Romeo Tonales and Dodge Hornets
- Ram 2019-26 Model-Year Seat-Belt Recall on ~1.3M!
- California Starts MyFirstEV Instant Rebate Program
- Brawley GTS ROVS Recalled for Sudden Acceleration
- Premium Vehicle Buyers Defecting to Mainstream Brands!
- Federal Offense! Higher Prices, Transportation Costs, and Other Economic Blows From King Trump Tariffs
- Subaru to Enter the ‘Captive Finance Business’ by 2030
- Goodyear Posts Q2 2026 Net Loss of $204 Million
- UAW Clout in Michigan Apparent in Primary Wins
- SMMT – Battery Electric Cars Sales Set Record in England!
- General Motors and Chinese SAIC Motor Lengthen JV to 2047!
- Center for Automotive Research on “China Speed”
Recent Comments
- Nissan Motor on Nissan Posts ¥77.9B Profit in Q1 of Japanese Fiscal Year
- Jeff Badman on Ford Motor Recalls 850,000 Vehicles for Sudden Stalling
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
Archives
Meta
Tag Archives: penske automotive group
Penske Automotive Posts Record Q4, Full-Year 2021 Results
“During the fourth quarter, our diversified business and strong execution by our team produced record revenue, earnings before taxes, net income, and earnings per share, driven by strong retail automotive and commercial truck vehicle margins, a 26% increase in same-store retail automotive gross profit, and continued strong earnings from Penske Transportation Solutions which increased 62%,” CEO Roger Penske said. Continue reading
Penske Automotive Group Buys Another BMW Store
This is the Group’s 48th BMW dealership world-wide. The acquired dealership is expected to generate approximately $100 million in annualized revenue. Continue reading
Penske Automotive Group Increases Dividend
With this increase, the annualized dividend is $1.72 per share and represents a yield of 2.7%, the highest in our peer group. Our business and cash flow remain strong despite the Covid-19 pandemic, as the actions we took to mitigate its impact continue to provide operational benefits,” said President Robert K. Kurnick. Continue reading
Penske Automotive – May Business Improving
“Since the COVID-19 pandemic began impacting operations in the second half of March, we took actions to reduce costs and preserve our liquidity position. Based on these actions, I expect further improvements to our operating results in June and into the second half of the year as the economy continues to recover,” said Penske Automotive Group CEO Roger Penske. Continue reading
Posted in economy, news analysis
Tagged auto industry commentary, autoinformed.com, COVID-19, Ken Zino, penske automotive group
1 Comment
Penske Automotive Increases Dividend to $0.40 Per Share
“We are pleased to offer our shareholders an increase in the quarterly dividend for the 33rd consecutive quarter. Our sector leading dividend represents a yield of 3.6% and reinforces our commitment to PAG shareholders,” said Penske Automotive Group President Robert H. Kurnick, Jr.” Continue reading
Penske Buys more Jaguar and Land Rover Dealerships
A previous acquisition of a Cadillac dealership in Manhattan failed because Penske couldn’t get experienced managers to move to New York. The company now operates five Jaguar/Land Rover dealerships in the United States. Continue reading
Penske Automotive Reports Record Q3 Results
Our business continued to perform well in the third quarter, producing another quarter of record results despite the translation effects from foreign currency headwinds,” said Penske Automotive Group Chairman Roger S. Penske. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, Brexit, Ken Zino, pag, penske automotive group, Penske Truck
Leave a comment
AutoNation, Penske Report Strong Q1 Earnings from Dealers
The two largest auto dealer groups operating in the United States reported large increases in Q1 earnings and profits today. It was the latest sign that a slow recovery is well underway in the auto industry. However, the new luxury vehicle business, where broken out, had relatively weak results compared to other segments. Luxury cars, of course, were once thought to be recession proof and discount proof, but that is no longer the case as discounts are increasing along with competition from non-luxury autos with high levels of equipment. Continue reading
Hot, Fast Company: Penske Automotive Increases Dividend 6%
Penske Automotive Group, Inc. (NYSE: PAG) – an international transportation services company, a significant force among premier auto and commercial truck retailers, and a successful racing organization – today announced that its Board of Directors has increased the dividend by $0.03 per share. Continue reading →