Penske automotive group reports all-time record quarterly earnings

Earnings before taxes increased 8% to $500 million income from continuing operations increased 10% to $374 million earnings per share increased 17% to $4.93 repurchased 3.5 million shares of common stock for $362.7 million year-to-date through july 26, 2022 board of directors increases securities repurchase authorization by $250 million bloomfield hills, mich. , july 27, 2022 /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 all-time record quarterly earnings for the second quarter of 2022.
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