What does wholesale — revenue mean?

Revenue earned from selling vehicles and parts to other businesses rather than directly to retail customers.

How do you interpret wholesale — revenue?

An increase suggests higher volume in business-to-business trade or effective inventory liquidation, while a decrease may indicate reduced wholesale demand or a strategic shift toward retail-only sales.

How does wholesale — revenue compare across companies?

Peer automotive retailers typically report this as 'Wholesale Revenue' or 'Fleet and Wholesale Sales,' and it is often compared against total inventory levels to assess asset velocity.

Penske Automotive Group PAG Wholesale — Revenue

Discontinued — last reported Q4 '18

Similar metrics at other companies

CVNAWholesale sales and revenues — Payments for vehicle inventory

$4M+33.3%

FEWholesale — Revenue from Contract with Customer, Including Assessed Tax

$10M+150%

PNW

PNWWholesale Energy Sales — Revenue from Contract with Customer, Excluding Assessed Tax

$39.3M-32.0%

ETWholesale Operations — Revenue

$4.49B+82.2%

CNP

CNPWholesale electric sales — Revenue

$4.75M+375%

ESWholesale Market Sales Revenues — Revenue from Contract with Customer, Including Assessed Tax

$581.7M+41.5%

Other financials

Income statement

See full

Revenue$7.9B-1.1%

Gross profit$1.3B-1.7%

Operating income$289.0M-12.3%

Net income$234.5M-9.0%

EPS (diluted)$3.56-7.8%

Balance sheet

See full

Cash & equivalents$83.7M-32.1%

Total debt$5.2B+22.5%

Total equity$5.7B+5.0%

Total assets$18.3B+8.2%

Cash flow

See full

Operating cash flow$215.0M-26.1%

CapEx$62.6M-26.1%

Free cash flow$152.4M-26.1%

Valuation

See full

Market cap$11.52B+2.3%

Enterprise value$16.62B+8.8%

P/E12.6×+1.4×

P/S0.4×0.0×

Profitability

See full

Gross margin18.3%+0.1pp

Operating margin4%-0.3pp

Net margin2.9%-0.2pp

FCF margin1.9%-0.3pp

Returns & leverage

See full

Return on equity16.5%-3.1pp

Debt / equity0.9×+0.1×

Current ratio1×+0.1×

Where this comes from

Reported directly by Penske Automotive Group in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Penske Automotive Group’s 10-K, filed February 22, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does wholesale — revenue mean?: Revenue earned from selling vehicles and parts to other businesses rather than directly to retail customers.
How do you interpret wholesale — revenue?: An increase suggests higher volume in business-to-business trade or effective inventory liquidation, while a decrease may indicate reduced wholesale demand or a strategic shift toward retail-only sales.
How does wholesale — revenue compare across companies?: Peer automotive retailers typically report this as 'Wholesale Revenue' or 'Fleet and Wholesale Sales,' and it is often compared against total inventory levels to assess asset velocity.