09:40 AM EDT, 04/30/2024 (MT Newswires) -- Penske Automotive Group ( PAG ) shares were down 2.9% in recent Tuesday early trading after the transportation services company posted lower Q1 income from a year earlier.

The company reported Q1 income of $3.21 per share, down from $4.31 a year earlier.

Three analysts polled by Capital IQ expected $3.35.

Revenue for the quarter ended March 31 was $7.45 billion, up from $7.34 billion a year earlier.

Analysts surveyed by Capital IQ expected $7.48 billion.

Price: 150.94, Change: -4.44, Percent Change: -2.86