Penske Automotive Q4 Profit Rises - Quick Facts

(RTTNews) - Penske Automotive Group Inc. (PAG) reported that its net Income attributable to Common Shareholders increased to $71.8 million from $59.2 million in the prior year. Income Per Share for the quarter grew to $0.80 from $0.66 last year.

On a reported basis, fourth quarter income from continuing operations increased 29.3% to $80.7 million and related earnings per share from continuing operations increased 29.0% to $0.89.

Adjusted fourth quarter 2014 income from continuing operations increased 13.8% to $71.0 million, and adjusted earnings per share increased 14.5% to $0.79 when compared to the same period last year.

Adjusted income from continuing operations and adjusted earnings per share exclude a non-cash $16.0 million, or $0.10 per share, gain on an investment.

Total revenue increased 16.3% to $4.4 billion from last year. The revenue increase was driven by a 10.5% increase in total retail unit sales, including a 6.8% increase on a same-store basis.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.79 per share and revenues of $4.36 billion for the quarter. Analysts' estimates typically exclude special items.