BLOOMFIELD HILLS, Mich. (AP) — BLOOMFIELD HILLS, Mich. (AP) — Penske Automotive Group Inc. (PAG) on Thursday reported fourth-quarter profit of $236.4 million.
On a per-share basis, the Bloomfield Hills, Michigan-based company said it had profit of $3.54.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.37 per share.
The auto dealership chain posted revenue of $7.72 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $7.56 billion.
For the year, the company reported profit of $918.9 million, or $13.74 per share. Revenue was reported as $30.46 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAG at https://www.zacks.com/ap/PAG
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
