Penske Automotive Group Q2 Adj. EPS $3.78 Beats $3.60 Estimate, Sales $7.662B Miss $7.929B Estimate

Penske Automotive Group (NYSE:PAG) reported quarterly earnings of $3.78 per share which beat the analyst consensus estimate of $3.60 by 4.94 percent. This is a 4.71 percent increase over earnings of $3.61 per share from the same period last year. The company reported quarterly sales of $7.662 billion which missed the analyst consensus estimate of $7.929 billion by 3.37 percent. This is a 0.45 percent decrease over sales of $7.697 billion the same period last year.