Penske Automotive (PAG) reported $7.27 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.7%. EPS of $3.45 for the same period compares to $4.21 a year ago.

The reported revenue represents a surprise of +1.19% over the Zacks Consensus Estimate of $7.19 billion. With the consensus EPS estimate being $3.66, the EPS surprise was -5.74%.

While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.

Here is how Penske performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Retail Automotive Units – New Retail: 51,786 compared to the 52,310 average estimate based on three analysts.
  • Retail Automotive Units – Used Retail: 57,490 compared to the 60,987 average estimate based on three analysts.
  • Retail Automotive Units – Total: 109,276 versus 113,297 estimated by three analysts on average.
  • Retail Automotive Gross Profit Per Vehicle Retailed – New Vehicles: $5,531 compared to the $5,525.85 average estimate based on three analysts.
  • Revenue- Retail Automotive: $6.18 billion versus the four-analyst average estimate of $6.06 billion. The reported number represents a year-over-year change of +4.5%.
  • Revenue- Commercial Vehicle Distribution and Other: $189.40 million versus the four-analyst average estimate of $147.84 million. The reported number represents a year-over-year change of +34.7%.
  • Revenue- Retail Automotive- Finance and Insurance, Net: $207.60 million compared to the $209.74 million average estimate based on four analysts. The reported number represents a change of +3.1% year over year.
  • Revenue- Retail Automotive- Service and Parts: $680.90 million versus the four-analyst average estimate of $674.93 million. The reported number represents a year-over-year change of +7.5%.
  • Revenue- Retail Automotive- Fleet and Wholesale: $330.20 million versus the four-analyst average estimate of $351.78 million. The reported number represents a year-over-year change of +3.4%.
  • Revenue- Retail Commercial Truck: $904.80 million compared to the $948.72 million average estimate based on four analysts. The reported number represents a change of -5.8% year over year.
  • Revenue- Retail Automotive- New Vehicles: $2.99 billion compared to the $2.82 billion average estimate based on four analysts. The reported number represents a change of +8.2% year over year.
  • Revenue- Retail Automotive- Used Vehicles: $1.97 billion versus $2 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.

View all Key Company Metrics for Penske here>>>

Shares of Penske have returned -0.9% over the past month versus the Zacks S&P 500 composite’s +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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