Penske Automotive Group (NYSE: PAG) reported earnings on Nov. 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Penske Automotive Group beat expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
 Penske Automotive Group reported revenue of $3.40 billion. The 10 analysts polled by S&P Capital IQ expected sales of $3.30 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $2.95 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.46. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.57 per share. GAAP EPS of $0.45 for Q3 were 26% lower than the prior-year quarter's $0.61 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 15.0%, 80 basis points worse than the prior-year quarter. Operating margin was 2.6%, 10 basis points worse than the prior-year quarter. Net margin was 1.2%, 70 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $3.22 billion. On the bottom line, the average EPS estimate is $0.53.

Next year's average estimate for revenue is $13.13 billion. The average EPS estimate is $2.21.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Penske Automotive Group is outperform, with an average price target of $32.50.

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