Penske Automotive Group (PAG) Tops Q3 EPS by $1.31

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Penske Automotive Reports All Time Record Results

October 22, 2020 6:59 AM EDT

BLOOMFIELD HILLS, Mich., Oct. 22, 2020 /PRNewswire/ -- 

"I am very pleased to report all time record results for Penske Automotive Group in the third quarter. These results were primarily driven by same-store retail automotive revenue  

and margin expansion, coupled with expense reductions which contributed to a 1,010 basis points decline in selling, general and administrative expenses ("SG&A") as a percent... More