Penske Automotive Group (NYSE: PAG) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Penske Automotive Group beat slightly on revenues and beat expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
 Penske Automotive Group logged revenue of $3.70 billion. The 10 analysts polled by S&P Capital IQ expected sales of $3.64 billion on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $3.37 billion.

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

EPS details
 EPS came in at $0.71. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.64 per share. Non-GAAP EPS of $0.71 for Q2 were 29% higher than the prior-year quarter's $0.55 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.69 for Q2 were 28% higher than the prior-year quarter's $0.54 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 are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 15.4%, 20 basis points better than the prior-year quarter. Operating margin was 3.1%, 40 basis points better than the prior-year quarter. Net margin was 1.7%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $3.67 billion. On the bottom line, the average EPS estimate is $0.66.

Next year's average estimate for revenue is $14.36 billion. The average EPS estimate is $2.58.

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 $36.00.

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