Shares of Penske Automotive Group, Inc. (NYSE:PAG – Get Free Report) hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $180.

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.

For the quarter ended December 2024, Penske Automotive (PAG) reported revenue of $7.72 billion, up 6.2% over the same period last year. EPS came in at $3.54, compared to $3.45 in the year-ago quarter.

Penske Automotive (PAG) came out with quarterly earnings of $3.54 per share, beating the Zacks Consensus Estimate of $3.37 per share. This compares to earnings of $3.45 per share a year ago. These figures are adjusted for non-recurring items.