Penske Automotive Group Inc
PAG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$493.00 | Bzjrhw | Lrvwdxjh |
Penske Posts Record Q3 EPS Despite Translation Challenges From the Strong Dollar
We are not changing our Penske Automotive Group fair value estimate after a record third quarter which saw the company do well despite the strong dollar hurting translation of foreign earnings primarily from the U.K. International business is about 35% of the company’s results, but diluted EPS from continuing operations grew by 3% year over year to $4.61, beating the $4.38 Refinitiv consensus. Foreign exchange deducted $0.14 from EPS.