Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q3 2019 Results - Earnings Call Transcript

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Q3: 2019-10-29 Earnings Summary

EPS of $1.42 misses by $0.00
 | Revenue of $5.97B (5.46% Y/Y) beats by $78.70M

Penske Automotive Group, Inc. (NYSE:PAG) Q3 2019 Results Conference Call October 29, 2019 2:00 PM ET

Company Participants

Anthony Pordon - Investor Relations
Roger Penske - Chief Executive Officer
J.D. Carlson - Chief Financial Officer
Shelley Hulgrave - Corporate Controller

Conference Call Participants

John Murphy - Bank of America Merrill Lynch
Rajat Gupta - JPMorgan
John Healy - Northcoast Research
Armintas Sinkevicius - Morgan Stanley
Michael Ward - Seaport Global
Rick Nelson - Stephens Increase.
Derek Glynn - Consumer Edge Research
Chris Armes - Buckingham Research
Stephanie Benjamin - SunTrust

Operator

Good afternoon, ladies and gentlemen. Welcome to the Penske Automotive Group Third Quarter 2019 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately one hour after completion, through Tuesday, November 5, on the company's website under the Investors tab at www.penskeautomotive.com.

I will now introduce Anthony Pordon, the company's Executive Vice President of Investor Relations and Corporate Development. Sir, please go ahead.

Anthony Pordon

Thank you, Laurie. Good afternoon, everyone, and thank you for joining us today. As Laurie indicated, a press release detailing Penske Automotive Group's third quarter 2019 financial results was issued this morning and is posted on our website along with a presentation designed to assist you in understanding our performance and strategy. As always, I'm available by phone or email for any follow-up questions you may have. Joining me for today's call are Roger Penske, our Chairman; J.D. Carlson, our Chief Financial Officer; and Shelley Hulgrave, our Corporate Controller.

On this call, we will be discussing certain non-GAAP financial measures, such as adjusted income from continuing operations, adjusted earnings per share from continuing operations, and earnings before interest, taxes, depreciation and amortization or EBITDA. As we noted in our press release, income and earnings per share from continuing operations in the third quarter last year, included a tax

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