Penske Automotive Q3 net income falls 23% to $264.4 million

Gail Kachadourian Howe

October 25, 2023 11:00 AM

Penske Automotive Group Inc. on Wednesday posted a drop in year-over-year third-quarter net income amid lower earnings from its United Kingdom operations, higher interest expenses and lower equity earnings from its investment in Penske Transportation Solutions.

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