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Q1 25 EPS
$3.39
BEAT +3.40%
Est. $3.28
Q1 25 Revenue
$7.60B
MISS 1.55%
Est. $7.72B
vs S&P Since Q1 25
-8.7%
TRAILING MARKET
PAG +22.6% vs S&P +31.3%
Market Reaction
Did PAG Beat Earnings? Q1 2025 Results
Penske Automotive Group posted a solid if mixed first quarter, beating adjusted earnings expectations while falling just short on revenue, as record quarterly sales of $7.60 billion rose 2.10% year over year but came in below the $7.72 billion consen… Read more Penske Automotive Group posted a solid if mixed first quarter, beating adjusted earnings expectations while falling just short on revenue, as record quarterly sales of $7.60 billion rose 2.10% year over year but came in below the $7.72 billion consensus. Adjusted EPS of $3.39 cleared the $3.28 analyst estimate by 3.40%, with the result driven largely by a standout performance in retail automotive, where service and parts same-store revenue climbed 4% and gross profit rose 6%, helping absorb softness in used vehicle volumes tied to a strategic repositioning of U.K. Sytner Select operations toward fewer, higher-margin units. The commercial truck segment faced continued headwinds from a sluggish freight environment, with Premier Truck Group segment earnings slipping to $45.10 million from $50.50 million. Looking ahead, management acknowledged tariffs as a "fluid situation" but pointed to the company's premium brand mix, representing 74% of retail automotive revenue, geographic diversification, and variable cost structure as meaningful buffers against an uncertain macro backdrop.
Key Takeaways
- • Record first quarter revenue driven by 2% same-store retail automotive revenue increase
- • Same-store retail automotive service and parts revenue increased 4% with gross profit up 6%
- • Seventh consecutive quarter of stable gross margin at 16.7%
- • Adjusted SG&A as percentage of gross profit improved 70 basis points to 70.0%
- • New vehicle deliveries increased 6% overall
- • Premium brand mix represented 74% of retail automotive revenue, up from 72%
- • $52.3 million gain on dealership sale boosted GAAP earnings
- • Used vehicle gross profit per unit increased $352 versus Q4 2024
PAG YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
PAG Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our diversified international transportation services business generated record first quarter revenue, the seventh consecutive quarter of stable gross margin, and a 70-basis point improvement of adjusted selling, general, and administrative expenses as a percentage of gross profit. New and used vehicle gross profit per unit retailed remained consistent and strong with new vehicle gross declining only $87 per unit while used vehicle gross increased $352 per unit when compared to the fourth quarter of 2024. I was also pleased to see retail automotive service and parts gross margin improve by 60 basis points when compared to the first quarter of 2024.”
— Roger Penske, Q1 2025 Earnings Press Release
PAG Earnings Trends
PAG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PAG EPS Trend
Earnings per share: estimate vs actual
PAG Revenue Trend
Quarterly revenue: estimate vs actual
PAG Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.88 | $3.56 | +23.41% | $7.86B | +2.01% |
| Q4 25 MISS FY | $3.09 | $2.83 | -8.52% | $7.77B | +1.89% |
| FY Full Year | $13.50 | $14.13 | +4.63% | $31.81B | +3.82% |
| Q3 25 MISS | $3.40 | $3.23 | -5.01% | $7.70B | -0.30% |
| Q2 25 BEAT | $3.56 | $3.78 | +6.10% | $7.66B | -0.82% |
| Q1 25 BEAT | $3.28 | $3.39 | +3.40% | $7.60B | -1.55% |