Penske Automotive Group on Wednesday posted record first-quarter revenue of $7.3 billion, up 5.2 percent from the same period in 2022. Net income for the publicly held company fell 18.9 percent to $299.6 million in the same quarter, while net income attributable to common stockholders fell 18.9 percent to $298.3 million.
“Despite higher interest costs, inventory challenges and other inflationary cost pressures, our performance continues to demonstrate the benefits of the…
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