Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q3 2021 Results - Earnings Call Transcript

Penske Automotive Group, Inc. (NYSE:PAG) Q3 2021 Earnings Conference Call October 27, 2021 2:00 PM ET

Company Participants

Anthony Pordon - Head of IR
Roger Penske - Chair and CEO
Shelley Hulgrave - Chief Financial Officer

Conference Call Participants

Rick Nelson - Stephens
John Murphy - Bank of America Merrill Lynch
Stephanie Moore - Truist
Mike Ward - Benchmark Company
Rajat Gupta - JPMorgan
David Whiston - Morningstar

Operator

Good afternoon, ladies and gentlemen. Welcome to the Penske Automotive Group Third Quarter 2021 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately 1 hour after completion through November 3, 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, Jerome. Good afternoon, everyone, and thank you for joining us again today. A press release detailing Penske Automotive Group's record third quarter 2021 financial results was issued this morning and is posted on our website along with the presentation designed to assist you in understanding the company's results. As always, I'm available by e-mail or phone for any follow-up questions that you may have.

Joining me for today's call are Roger Penske, our Chair and CEO; and Shelley Hulgrave, our Chief Financial Officer; and Tony Facioni, our Vice President and 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