Penske Automotive (PAG) Reports Q4 Earnings: $2.91 vs. $3.19 EPS, Revenue $7.77B

Penske Automotive Group Inc. (PAG) reported Q4 net income of $186.1 million, or $2.83 per share, with adjusted earnings of $2.91 per share. Revenue reached $7.77 billion, exceeding forecasts of $7.64 billion. The results missed the average analyst estimate of $3.19 per share. For the full year, the company posted profit of $935.4 million, or $14.13 per share, and revenue of $31.81 billion.