Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Penske Automotive (PAG)

Penske Automotive Q3 EPS falls to $3.39 from $3.92 as revenue rises 2%

Mixed Impact 3 of 5 earnings Written later

Penske Automotive Group reported third quarter 2024 revenue up 2% to $7.6 billion, but net income attributable to common stockholders fell 14.2% to $226.1 million and earnings per share fell to $3.39 from $3.92. The board also approved a quarterly dividend of $1.19 per share, an 11% increase, and the company agreed to acquire a third Porsche dealership in Melbourne, Australia.

Key points

  • Revenue rose 2% to $7.6 billion; retail automotive service and parts revenue hit a record $778.0 million, up 14%
  • Net income attributable to common stockholders was $226.1 million versus $263.4 million a year earlier
  • Quarterly dividend raised to $1.19 per share, payable December 3, 2024, to holders of record on November 15, 2024
  • October 2024 agreement to buy a Porsche dealership expected to add $130 million in estimated annualized revenue

The filing

CompanyPenske Automotive (PAG)
Form8-K, current report
Filed with the SECOct 29, 2024, 11:42 AM ET
Accession number0001019849-24-000116

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.