Penske Automotive Beats Estimates And Boosts Dividend

Penske Automotive (NYSE:PAG) reported Q1 EPS of $0.55, beating estimates by $0.07.Revenues in the quarter rose 17.9% year-over-year to $3.24 billion, beating estimates by $160 million.The company boosted its dividend to $0.11 per share for the quarter from $0.10.