Penske automotive group reports quarterly and full year 2023 results

Completes third most profitable year in company history fourth quarter revenue increased 4% to $7.3 billion fourth quarter retail automotive same-store revenue increased 4%, including a 7% increase in service & parts fourth quarter profitability impacted by non-cash impairment charge, lower equity earnings from pts, and higher interest expense bloomfield hills, mich. , feb. 7, 2024 /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 months 2023 results.
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