Penske automotive group reports quarterly results

Record quarterly revenue increased 8% to $7.5 billion retail automotive same-store revenue increased 6%, including an 11% increase in service & parts retail commercial truck same-store revenue increased 19%, including a 4% increase in service & parts net income of $300.8 million; earnings per share of $4.41 repurchased 2.6 million shares of common stock for $350.4 million through second quarter bloomfield hills, mich. , july 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 second quarter of 2023.
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