Penske Automotive Group Q4 income increased 4.5% to $72.7 millionStaff 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%
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%. ■