The Penske Automotive Group in Bloomfield Township, an international transportation services company and an automotive and commercial truck retailer, today reported a 3 percent increase in total revenue in 2024 to $30.

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 at www.penskeautomotive.com.

At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Penske Automotive logged higher earnings in the fourth quarter as new vehicle sales helped lift its top line to a quarterly record. The vehicle retailer posted a profit of $236.4 million, or $3.54 a share, compared with $190.7 million, or $2.84 a share, in the same quarter a year ago.

Q4 2024 Management View Roger Penske highlighted record revenue of $30.5 billion in 2024, supported by the delivery of 491,000 vehicles and over 20,500 commercial trucks. The company completed acquisitions totaling $2.