Penske automotive group reports quarterly results

Q1 2023 record revenue increased 5% to $7.3 billion same-store service & parts revenue increased 10% in retail automotive and 11% in retail commercial trucks selling, general and administrative expenses as a percent of gross profit improved sequentially by 140 basis points net income of $298 million; earnings per share of $4.31 repurchased 0.9 million shares of common stock for $110.2 million bloomfield hills, mich. , april 26, 2023  /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 quarterly results for the first quarter of 2023.
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