Penske Automotive Group, Inc. reported a drop in earnings for the fourth quarter, with profits at $186.1 million or $2.83 per share, compared to $249.3 million or $3.73 per share last year. Excluding items, adjusted earnings were $191.5 million or $2.91 per share. Revenue also fell by 3.8% to $7.769 billion from $8.077 billion in the same period last year. The company’s GAAP earnings showed a decrease in earnings and revenue compared to the previous year.

Read more at Nasdaq: Penske Automotive Group, Inc. Profit Retreats In Q4