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Penske Automotive Group Q4 income increased 4.5% to $72.7 million

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Staff writer ▼ | February 12, 2016
Penske Automotive Group announced record fourth quarter results as compared to adjusted 2014.
Penske Automotive Group   Total automotive retail units increased 11.9%
For the three months ended December 31, 2015, income from continuing operations attributable to common shareholders increased 4.5% to $72.7 million, and related earnings per share increased 3.8% to $0.81 when compared to adjusted figures in the same period last year.

Income from continuing operations and related earnings per share for the three and twelve months ended December 31, 2014, excludes a $16.0 million ($9.7 million after-tax) gain on investment.

Total automotive retail units increased 11.9% and total revenue increased 11.2% to $4.9 billion. Excluding foreign exchange, total revenue increased 14%.

Same-store retail revenue increased 3.6%. Excluding foreign exchange, same-store retail revenue increased 5.4%.