Penske Automotive Group (NYSE: PAG) reported earnings on April 29. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Penske Automotive Group missed estimates on revenues and beat slightly on earnings per share.

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

Margins grew across the board.

Revenue details
 Penske Automotive Group reported revenue of $3.40 billion. The 10 analysts polled by S&P Capital IQ looked for sales of $3.51 billion on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $3.23 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 $0.63. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.62 per share. Non-GAAP EPS of $0.63 for Q1 were 15% higher than the prior-year quarter's $0.55 per share. (The prior-year quarter included -$0.03 per share in earnings from discontinued operations.) GAAP EPS of $0.64 for Q1 were 23% higher than the prior-year quarter's $0.52 per share. (The prior-year quarter included -$0.03 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 15.7%, 10 basis points better than the prior-year quarter. Operating margin was 3.1%, 20 basis points better than the prior-year quarter. Net margin was 1.7%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $3.68 billion. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $14.40 billion. The average EPS estimate is $2.56.

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 $35.50.

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