Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q1 2021 Results - Earnings Call Transcript

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Q1: 2021-04-28 Earnings Summary

EPS of $2.26 beats by $0.44
 | Revenue of $5.77B (15.27% Y/Y) beats by $330.06M

Penske Automotive Group, Inc. (NYSE:PAG) Q1 2021 Results Conference Call April 28, 2021 2:00 PM ET

Company Participants

Anthony Pordon - EVP, IR and Corporate Development
Roger Penske - Chairman
J.D. Carlson - CFO
Shelley Hulgrave - Corporate Controller

Conference Call Participants

John Murphy - Bank of America
Rick Nelson - Stephens
Stephanie Benjamin - Truist
Rajat Gupta - JPMorgan
Michael Ward - Benchmark Company
David Whiston - Morningstar

Operator

Good afternoon, ladies and gentlemen. Welcome to the Penske Automotive Group First Quarter 2021 Earnings Conference Call. Today’s call is being recorded and will be available for replay approximately one hour after completion through May 5, 2021, 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, Maria. Good afternoon, everyone, and also thank you for joining us today. A press release detailing Penske Automotive Group’s first quarter 2021 financial results was issued this morning and is posted on our website along with a presentation designed to assist you in understanding the Company’s results. 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, Chairman; J.D. Carlson, Chief Financial Officer; and Shelley Hulgrave, Corporate Controller.

Our discussion today may include forward-looking statements about our operations, earnings potential, outlook future events, growth plans, liquidity and assessment of business conditions. We may also discuss certain non-GAAP financial measures such as earnings before interest, taxes, depreciation and amortization, or EBITDA. We have prominently presented the comparable GAAP measures and have reconciled the non-GAAP measures in this morning’s press release and investor presentation, which are available on our website to the most directly comparable GAAP measures. Our actual results may vary because of risks and uncertainties outlined

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