Penske (PAG) Q4 Earnings Beat on Robust New Vehicle Sales

Penske Automotive Group, Inc. PAG reported fourth-quarter 2020 adjusted earnings of $2.49 per share, increasing a whopping 99.2% year over year and surpassing the Zacks Consensus Estimate of $2.11. Markedly, higher-than-expected revenues and gross profit from the new vehicle retPenske Automotive Group, Inc. PAG reported fourth-quarter 2020 adjusted earnings of $2.49 per share, increasing a whopping 99.2% year over year and surpassing the Zacks Consensus Estimate of $2.11. Markedly, higher-than-expected revenues and gross profit from the new vehicle retRead MoreStocks,InvestingStocks Feed