Penske Automotive Group Q2 2024 GAAP EPS $3.61 Beats $3.40 Estimate, Sales $7.697B Beat $7.576B Estimate
Portfolio Pulse from Benzinga Newsdesk
Penske Automotive Group (NYSE:PAG) reported Q2 2024 GAAP EPS of $3.61, beating the $3.40 estimate. Sales were $7.697 billion, surpassing the $7.576 billion estimate and showing a 3.05% increase from last year.
July 31, 2024 | 10:59 am
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Penske Automotive Group (NYSE:PAG) reported Q2 2024 GAAP EPS of $3.61, beating the $3.40 estimate by 6.18%. Sales were $7.697 billion, surpassing the $7.576 billion estimate and showing a 3.05% increase from last year.
PAG's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates indicates strong performance and investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100