For the quarter ended December 2024, Penske Automotive (PAG) reported revenue of $7.72 billion, up 6.2% over the same period last year. EPS came in at $3.54, compared to $3.45 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $7.56 billion, representing a surprise of +2.11%. The company delivered an EPS surprise of +5.04%, with the consensus EPS estimate being $3.37.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Penske performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Retail Commercial Truck Units - Total: 4,432 versus the three-analyst average estimate of 5,848.
- Retail Commercial Truck Units - Used Retail: 888 versus 943 estimated by three analysts on average.
- Retail Commercial Truck Units - New Retail: 3,544 compared to the 4,906 average estimate based on three analysts.
- Retail Automotive Units - Used Retail: 54,034 versus 57,087 estimated by three analysts on average.
- Revenue- Retail Automotive- Fleet and Wholesale: $346.20 million versus $355.03 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
- Revenue- Commercial Vehicle Distribution and Other: $224.10 million compared to the $199.32 million average estimate based on four analysts. The reported number represents a change of +18.3% year over year.
- Revenue- Retail Automotive- Service and Parts: $770.50 million compared to the $765.06 million average estimate based on four analysts. The reported number represents a change of +13.2% year over year.
- Revenue- Retail Automotive- Finance and Insurance, Net: $203.30 million versus $213.63 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.1% change.
- Revenue- Retail Automotive- Used Vehicles: $2.03 billion versus the four-analyst average estimate of $1.95 billion. The reported number represents a year-over-year change of +3.3%.
- Revenue- Retail Automotive- New Vehicles: $3.37 billion compared to the $3.12 billion average estimate based on four analysts. The reported number represents a change of +12.7% year over year.
- Revenue- Retail Commercial Truck: $773.70 million versus $967.54 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -14.5% change.
- Revenue- Retail Automotive: $6.72 billion versus $6.36 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.8% change.
Shares of Penske have returned +3.3% over the past month versus the Zacks S&P 500 composite's +3.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpPenske Automotive Group, Inc. (PAG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
