Sector: Consumer Cyclicals | Industry: Auto Vehicles, Parts & Service Retailers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2555 Telegraph Rd BLOOMFIELD HILLS MI 48302-0954 |
Tel: | N/A |
Website: | https://www.penskeautomotive.com |
IR: | See website |
Key People | ||
Robert H. Kurnick President, Director | Anthony R. Pordon Executive Vice President | Roger S. Penske Chairman of the Board, Chief Executive Officer |
Michelle Hulgrave Chief Financial Officer, Executive Vice President | Richard A. Hook Executive Vice President, Chief Information Officer | Shane M. Spradlin Executive Vice President, General Counsel, Corporate Secretary |
Aaron Michael Executive Vice President, Financial Services and Global Risk Management, Treasurer | Tracy Cassidy Executive Vice President - Marketing | Bud Denker Executive Vice President - Human Resources | George W. Brochick Executive Vice President - Strategic Development |
Business Overview |
Penske Automotive Group, Inc. is a diversified international transportation services company. The Company is also engaged in automotive and commercial truck retailing. The Company operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and retailers of commercial trucks in North America for freightliner. The Company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The Retail Automotive segment consists of its retail automotive dealership operations. The Retail Commercial Truck segment consists of its retail commercial truck dealership operations in the United States and Canada. The Other segment consists of its commercial vehicle and power system distribution operations. The Non-Automotive Investments segment consists of its equity method investments in non-automotive operations, which includes its investment in Penske Transportation Solutions (PTS) and various other investments. |
Financial Overview |
For the fiscal year ended 31 December 2023, Penske Automotive Group, Inc. revenues increased 6% to $29.53B. Net income decreased 24% to $1.05B. Revenues reflect Retail Automotive segment increase of 6% to $25.21B, Non - united states segment increase of 12% to $12.34B, Comp. Store Sales (Growth - %) - New increase from -2.9 to 12.1%, Comparable Store Sales, Value-New increase of 16% to $10.95B, Retail Sales-New increase of 12% to $11.27B. |
Employees: | 28,000 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $16,173M as of Dec 31, 2023 |
Annual revenue (TTM): | $29,527M as of Dec 31, 2023 |
EBITDA (TTM): | $1,533M as of Dec 31, 2023 |
Net annual income (TTM): | $1,053M as of Dec 31, 2023 |
Free cash flow (TTM): | $529.20M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $5,304M as of Dec 31, 2023 |
Shares outstanding: | 67,047,139 as of Mar 20, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |