Penske automotive group reports fourth quarter and full year 2024 results

Q4 revenue increases 6% to $7.7 billion, a quarterly record q4 same-store retail automotive service and parts revenue up 7% and related gross profit up 9% q4 selling, general, and administrative expenses as a percent of gross profit decreases 70 bps to 70.3% q4 earnings before taxes increases 23% to $315.2 million; earnings per share increases 25% to $3.54 q4 earnings before taxes increases 6% to $315.2 million when compared to q4 adjusted earnings before  taxes of $296.5 million in prior year period q4 earnings per share increases 3% to $3.54 when compared to q4 adjusted earnings  per share of $3.45 in prior year period board of directors declares the 17th consecutive increase in the quarterly dividend to $1.22 per share bloomfield hills, mich. , feb. 13, 2025 /prnewswire/ -- penske automotive group, inc. (nyse: pag), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced fourth quarter and twelve-month 2024 results.
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