Penske Automotive Group, Inc. Q4 2024 Earnings Conference Call

Company Participants:

Tony Pordon – Executive Vice President, Investor Relations and Corporate Development

Roger Penske – Chair and Chief Executive Officer

Richard Shearing – North American Operations

Randall Seymore – International Operations

Shelley Hulgrave – Executive Vice President and Chief Financial Officer

Conference Call Participants:

Michael Ward – Freedom Capital

John Murphy – Bank of America

Thomas Wendler – Stephen Inc.

Rajat Gupta – JPMorgan

David Whiston – Morningstar

Good afternoon, welcome to the Penske Automotive Group Fourth Quarter 2024 Earnings Conference Call. Today’s call is being recorded and will be available for replay approximately one hour after completion through February 20, 2025, on the Company’s website under the Investors tab.

Expanding on the Topic:

During the conference call, executives discussed the financial performance of Penske Automotive Group, Inc. for the fourth quarter of 2024. They highlighted key achievements, challenges, and future strategies for the company. Roger Penske emphasized the importance of innovation and adaptability in the ever-changing automotive industry.

The Executive Vice President and Chief Financial Officer, Shelley Hulgrave, provided detailed insights into the financial results, including revenue growth, profit margins, and market trends. The company’s strong performance in North American and International Operations was a major highlight of the call.

How Will This Affect Me?

As a shareholder or potential investor in Penske Automotive Group, Inc., the insights shared during the conference call can help you make informed decisions about your investment portfolio. Understanding the company’s financial health and strategic direction is crucial for assessing risk and potential returns.

How Will This Affect the World?

Penske Automotive Group, Inc. is a significant player in the global automotive industry. Its performance and strategic decisions can impact the market trends, consumer preferences, and competition dynamics worldwide. As one of the leading automotive retailers, Penske’s actions may influence industry standards and innovations.

Conclusion:

The Penske Automotive Group Q4 2024 Earnings Conference Call provided valuable insights into the company’s financial performance and future strategies. Shareholders, investors, and industry stakeholders can use this information to make informed decisions and stay updated on the automotive market trends.