BlackRock Inc. purchased a new position in Penske Automotive Group, Inc. (NYSE:PAG – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,333,144 shares of the company’s stock, valued at approximately $417,516,000. BlackRock Inc. owned 3.55% of Penske Automotive Group at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Penske Automotive Group by 15.1% during the 1st quarter. Parallel Advisors LLC now owns 441 shares of the company’s stock valued at $66,000 after buying an additional 58 shares during the last quarter. Bessemer Group Inc. increased its position in Penske Automotive Group by 8.5% during the first quarter. Bessemer Group Inc. now owns 830 shares of the company’s stock worth $124,000 after purchasing an additional 65 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Penske Automotive Group by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 18,434 shares of the company’s stock worth $3,167,000 after buying an additional 65 shares during the period. Rothschild Investment LLC lifted its stake in shares of Penske Automotive Group by 37.5% in the 4th quarter. Rothschild Investment LLC now owns 242 shares of the company’s stock valued at $38,000 after purchasing an additional 66 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its position in Penske Automotive Group by 2.7% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,630 shares of the company’s stock valued at $416,000 after buying an additional 70 shares in the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Several research analysts have recently weighed in on PAG shares. JPMorgan Chase & Co. upped their target price on shares of Penske Automotive Group from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Stephens boosted their price target on Penske Automotive Group from $166.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $190.00 price objective on shares of Penske Automotive Group in a research report on Thursday, May 7th. Benchmark cut Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Bank of America raised their price target on shares of Penske Automotive Group from $200.00 to $238.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Penske Automotive Group has an average rating of “Moderate Buy” and an average price target of $208.50.
Read Our Latest Stock Analysis on PAG Penske Automotive Group Price Performance PAG opened at $219.59 on Wednesday. The firm has a market capitalization of $14.42 billion, a P/E ratio of 16.17, a PEG ratio of 2.90 and a beta of 0.84. The stock has a fifty day moving average of $201.67 and a 200-day moving average of $175.59. The company has a quick ratio of 0.21, a current ratio of 0.98 and a debt-to-equity ratio of 0.36. Penske Automotive Group, Inc. has a 12-month low of $140.12 and a 12-month high of $227.00.
Penske Automotive Group (NYSE:PAG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.42 by $0.20. Penske Automotive Group had a net margin of 2.81% and a return on equity of 14.78%. The business had revenue of $8.51 billion during the quarter, compared to analyst estimates of $7.98 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that Penske Automotive Group, Inc. will post 13.61 EPS for the current fiscal year.
Penske Automotive Group Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $1.44 per share. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, August 14th. This represents a $5.76 annualized dividend and a dividend yield of 2.6%. Penske Automotive Group’s dividend payout ratio is currently 42.42%.
Insider Activity at Penske Automotive Group In other Penske Automotive Group news, CFO Michelle Hulgrave sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $171.80, for a total transaction of $257,700.00. Following the completion of the sale, the chief financial officer owned 17,596 shares of the company’s stock, valued at $3,022,992.80. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 52.90% of the company’s stock.
(Free Report)
Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.
Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.
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A month has gone by since the last earnings report for Penske Automotive (PAG - Free Report) . Shares have lost about 1.3% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Penske due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Penske Q2 Earnings Top ExpectationsPenske reported second-quarter 2026 adjusted earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.38 by 7.1%. Adjusted earnings declined 4.2% from the comparable $3.78 per share a year ago.
Revenues rose 6% year over year to $8.51 billion and topped the Zacks Consensus Estimate of $7.93 billion by 7.4%. Retail automotive same-store new and used units increased 5%, while same-store service and parts gross margin improved 80 basis points to 59.5%.
Retail Automotive Sales RiseRetail automotive revenues increased 6% year over year to $7.3 billion. New vehicle revenues rose 5.9% to $3.38 billion, used vehicle revenues advanced 9.4% to $2.47 billion and finance and insurance revenues increased 1.3% to $211 million. Service and parts revenues rose 1.6% to $867.1 million, while fleet and wholesale revenues declined 0.8% to $375.6 million. Same-store revenues grew 5.7% to $7.12 billion.
Retail automotive gross profit slipped 0.7% to $1.16 billion, with gross margin contracting to 15.8% from 16.9%. New vehicle gross profit per retail unit fell 10.4% to $4,782, while used vehicle gross profit per unit declined 8.8% to $2,095. Service and parts gross profit increased 3.1% to $517 million.
Truck Market ImprovementRetail commercial truck revenues declined 1.7% year over year to $927.8 million. Total new and used truck units retailed increased 1.7% to 5,431, as a 64.8% jump in used units offset a 7.8% decline in new units. Retail commercial truck gross profit slipped 0.6% to $142.8 million, while gross margin improved 20 basis points to 15.4%.
Class 8 market orders increased 170% in the second quarter. Premier Truck Group's backlog was about 10,400 units, with the majority expected to convert into retail sales in the second half of 2026. Used truck demand also strengthened as freight conditions improved.
Distribution Business Delivers GrowthCommercial Vehicle Distribution and Other revenues jumped 41.1% year over year to $283.9 million. Gross profit rose 30.5% to $57.7 million, although gross margin declined to 20.3% from 22%.
Australia's off-highway business was a key contributor, with revenues increasing 63% in the quarter. The company secured more than $300 million of orders during the period, bringing its 2026 secured order book to nearly $660 million, supported by energy solutions, mining and defense demand.
PAG Gets Lift From PTSPenske Transportation Solutions contributed $57.4 million in earnings to PAG, up 7% year over year. The improvement reflected growth in full-service leasing, better fleet utilization, lower operating expenses and lower interest costs.
PTS managed more than 379,200 trucks, tractors and trailers. Continued weakness in the rental market and a lower gain on used-truck sales partly offset the benefits from improved freight conditions and fleet-rightsizing actions.
Profitability Faces Margin PressureConsolidated gross profit edged up 0.4% to $1.36 billion, but gross margin narrowed to 15.9% from 16.8%. Selling, general and administrative expenses increased 3.2% to $974 million, and operating income declined 7.6% to $337.6 million.
Operating margin fell to 4% from 4.5%. Adjusted EBITDA was $401.8 million, up 0.3%, while other interest expense rose 53.2% to $33.1 million, reflecting higher borrowing costs associated with acquisitions.
Balance Sheet and Capital ReturnsFor the first six months of 2026, cash flow from operations totaled $418 million and capital expenditures were $134.9 million. As of June 30, liquidity was about $1.4 billion, including $69.5 million in cash.
PAG repurchased 265,104 shares for $42.5 million in the first half, leaving $221.2 million available under its repurchase authorization. The board also raised the quarterly dividend 1.4% to $1.44 per share, marking the company's 23rd consecutive quarterly increase.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in fresh estimates.
VGM ScoresAt this time, Penske has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Penske has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
PHILADELPHIA--(BUSINESS WIRE)---- $pag #penske--Kaskela Law LLC is investigating Penske Automotive Group, Inc. (NYSE: PAG) (“Penske Automotive”) on behalf of the company's stockholders. On July 22, 2026, Penske Automotive reported that it had received a proposal from Penske Corp. and Mitsui & Co., Ltd., who collectively own over 72% of the company's stock, to acquire the remaining shares of Penske Automotive stock that they do not currently own for $210.00 per share in cash. The firm's investigation will de.
Key Takeaways Penske Automotive's Q2 revenues rose 6% to $8.51 billion, while adjusted EPS beat estimates at $3.62.Retail auto revenues climbed 6%, with used vehicle sales up 9.4% and service gross profit rising 3.1%.Class 8 orders surged 170%, while Penske Automotive's 2026 secured order book reached nearly $660 million. Penske Automotive Group, Inc. (PAG - Free Report) reported second-quarter 2026 adjusted earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.38 by 7.1%. Adjusted earnings declined 4.2% from the comparable $3.78 per share a year ago.
Revenues rose 6% year over year to $8.51 billion and topped the Zacks Consensus Estimate of $7.93 billion by 7.4%. Retail automotive same-store new and used units increased 5%, while same-store service and parts gross margin improved 80 basis points to 59.5%.
Penske currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
PAG's Retail Automotive Sales RiseRetail automotive revenues increased 6% year over year to $7.3 billion. New vehicle revenues rose 5.9% to $3.38 billion, used vehicle revenues advanced 9.4% to $2.47 billion and finance and insurance revenues increased 1.3% to $211 million. Service and parts revenues rose 1.6% to $867.1 million, while fleet and wholesale revenues declined 0.8% to $375.6 million. Same-store revenues grew 5.7% to $7.12 billion.
Retail automotive gross profit slipped 0.7% to $1.16 billion, with gross margin contracting to 15.8% from 16.9%. New vehicle gross profit per retail unit fell 10.4% to $4,782, while used vehicle gross profit per unit declined 8.8% to $2,095. Service and parts gross profit increased 3.1% to $517 million.
Penske Automotive Sees Truck Market ImprovementRetail commercial truck revenues declined 1.7% year over year to $927.8 million. Total new and used truck units retailed increased 1.7% to 5,431, as a 64.8% jump in used units offset a 7.8% decline in new units. Retail commercial truck gross profit slipped 0.6% to $142.8 million, while gross margin improved 20 basis points to 15.4%.
Class 8 market orders increased 170% in the second quarter. Premier Truck Group's backlog was about 10,400 units, with the majority expected to convert into retail sales in the second half of 2026. Used truck demand also strengthened as freight conditions improved.
PAG's Distribution Business Delivers GrowthCommercial Vehicle Distribution and Other revenues jumped 41.1% year over year to $283.9 million. Gross profit rose 30.5% to $57.7 million, although gross margin declined to 20.3% from 22%.
Australia's off-highway business was a key contributor, with revenues increasing 63% in the quarter. The company secured more than $300 million of orders during the period, bringing its 2026 secured order book to nearly $660 million, supported by energy solutions, mining and defense demand.
Penske Automotive Gets Lift From PTSPenske Transportation Solutions contributed $57.4 million in earnings to PAG, up 7% year over year. The improvement reflected growth in full-service leasing, better fleet utilization, lower operating expenses and lower interest costs.
PTS managed more than 379,200 trucks, tractors and trailers. Continued weakness in the rental market and a lower gain on used-truck sales partly offset the benefits from improved freight conditions and fleet-rightsizing actions.
PAG's Profitability Faces Margin PressureConsolidated gross profit edged up 0.4% to $1.36 billion, but gross margin narrowed to 15.9% from 16.8%. Selling, general and administrative expenses increased 3.2% to $974 million, and operating income declined 7.6% to $337.6 million.
Operating margin fell to 4% from 4.5%. Adjusted EBITDA was $401.8 million, up 0.3%, while other interest expense rose 53.2% to $33.1 million, reflecting higher borrowing costs associated with acquisitions.
PAG’s Balance Sheet and Capital ReturnsFor the first six months of 2026, cash flow from operations totaled $418 million and capital expenditures were $134.9 million. As of June 30, liquidity was about $1.4 billion, including $69.5 million in cash.
PAG repurchased 265,104 shares for $42.5 million in the first half, leaving $221.2 million available under its repurchase authorization. The board also raised the quarterly dividend 1.4% to $1.44 per share, marking the company's 23rd consecutive quarterly increase.
Peer ReleasesSonic Automotive, Inc. (SAH - Free Report) reported second-quarter 2026 adjusted earnings of $1.82 per share, which fell 17% year over year but beat the Zacks Consensus Estimate of $1.75 by 4%. Revenues rose 8% to $3.93 billion and topped the consensus mark of $3.78 billion by 4%. Sonic ended the quarter with about $294 million of cash and floor plan deposits and roughly $676 million of total available liquidity. The company raised full-year new-vehicle gross profit per unit guidance to $2,850-$3,000 from $2,700-$3,000. Sonic’s EchoPark unit is still expected to deliver 12%-15% retail used-unit growth this year.
Lithia Motors (LAD - Free Report) posted second-quarter 2026 adjusted earnings of $10.03 per share, which increased 9% from $9.20 a year ago. The bottom line beat the Zacks Consensus Estimate of $8.67 by 15.7%. Quarterly revenues increased 2.2% year over year to $9.79 billion and topped the consensus estimate of $9.64 billion by 1.6%. As of June 30, 2026, Lithia had cash, restricted cash and cash equivalents of $363.9 million, up from $341.8 million as of Dec. 31, 2025.During the quarter, Lithia repurchased roughly 854,000 shares at a weighted average price of $284, representing $242 million of share repurchases.
AutoNation, Inc. (AN - Free Report) reported second-quarter 2026 adjusted earnings of $5.56 per share, up 1.8% from $5.46 a year ago. Earnings beat the Zacks Consensus Estimate of $5.43 by 2.4%. Revenues of $6.93 billion declined 0.6% year over year and missed the consensus estimate of $6.97 billion by 0.6%. Parts and service revenues increased 3.4% year over year to $1.26 billion. Gross profit rose 1.4% to a record $607.1 million, making After-Sales the largest contributor to AutoNation's gross profit. As of June 30, 2026, AutoNation had cash and cash equivalents of $53.3 million. Non-vehicle debt was $4.43 billion.
, /PRNewswire/ -- Penske Automotive Group, Inc. (the "Company" or "PAG") (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that the special committee of independent and disinterested directors (the "Special Committee") of the Company's Board of Directors (the "Board") has retained Moelis & Company LLC to act as its independent financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP to act as its independent legal counsel.
As previously announced, the Board established the Special Committee to review and consider the unsolicited, preliminary and non-binding proposal received by the Board on July 22, 2026 from Penske Corporation and Mitsui & Co., Ltd. to acquire the remaining shares of the Company's common stock that they and their affiliates do not currently own for cash consideration of $210 per share (the "Proposal").
There can be no assurance as to whether an agreement relating to the Proposal or any proposed transaction will be reached or as to the terms thereof if an agreement is reached. The Company does not intend to comment further or disclose any developments regarding the Proposal unless and until it deems further disclosure is appropriate or required. The Company's shareholders do not need to take any action at this time.
About Penske Automotive
Penske Automotive Group, Inc. (NYSE: PAG), headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,600 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs over 40,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 379,200 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance, expectations, and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, whether and on what terms any transaction will be consummated, those related to macro-economic, geo-political and industry conditions and events, including their impact on sales of new and used vehicles, service and parts, and repair and maintenance services, the availability of consumer credit, changes in consumer demand, consumer confidence levels, fuel prices, demand for trucks to move freight with respect to Penske Transportation Solutions ("PTS") and Premier Truck Group, and other freight metrics such as spot rates or miles driven, personal discretionary spending levels, interest rates, foreign currency exchange rates, and unemployment rates; our ability to obtain vehicles and parts from our manufacturers, especially in light of supply chain disruptions due to natural disasters, tariffs and non-tariff trade barriers, any shortages of vehicle components, international conflicts, challenges in sourcing labor, labor strikes, work stoppages, or other disruptions; the control our manufacturer partners can exert over our operations and our reliance on them for various aspects of our business; risks to our reputation and those of our manufacturer partners; changes in the retail model from direct sales by manufacturers, a transition to an agency model of sales, sales by online competitors, or from the expansion of electric vehicles; disruptions to the security and availability of our information technology systems and those of our third party providers, which systems are increasingly threatened by ransomware and other cyber-attacks; the effects of a pandemic on the global economy, including our ability to react effectively to changing business conditions in light of any pandemic; the impact of tariffs targeting imported vehicles and parts, as well as changes or increases in tariffs, trade restrictions, trade disputes, or non-tariff trade barriers; the rate of inflation, including its impact on vehicle affordability; our ability to consummate, integrate, and realize returns on our acquisitions; with respect to PTS, changes in the financial health of its customers, labor strikes, or work stoppages by its employees, a reduction in PTS' asset utilization rates, the cost of acquiring and the continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, including with respect to the effect of various regulations concerning its vehicle fleet, changes in values of used trucks which affects PTS' profitability on truck sales and regulatory risks and related compliance costs, our ability to realize returns on our significant capital investments in new and upgraded dealership facilities; our ability to navigate a rapidly changing automotive and truck landscape; our ability to respond to new or enhanced regulations in both our domestic and international markets relating to dealerships and vehicle sales, including those related to the sales process, emissions standards, or electrification; the success of our distribution of commercial vehicles, engines, and power systems; natural disasters; recall initiatives or other disruptions that interrupt the supply of vehicles or parts to us; risks and uncertainties relating to an unsolicited, preliminary and non-binding take private proposal received from Penske Corporation and Mitsui & Co., Ltd. and their affiliates to acquire all of the shares of the Company not already owned by them, including the possibility that any such transaction may not be pursued, approved, or consummated on the proposed terms, within any anticipated timeframe, or at all; the outcome of legal and administrative matters and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, risks, and other uncertainties, which could affect Penske Automotive Group's future performance. The risks and uncertainties discussed above are not exhaustive and additional risks and uncertainties are addressed in Penske Automotive Group's Annual Report on Form 10-K for the year ended December 31, 2025, its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026, and its other filings with the Securities and Exchange Commission. This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the potential sale of Penske Automotive Group, Inc. (NYSE: PAG) to Penske Corporation and Mitsui & Co., Ltd.
On July 22, 2026, Penske Automotive reported that it had received an unsolicited, preliminary, and non-binding proposal from Penske Corporation and Mitsui & Co., Ltd.—which together with their affiliates own approximately 72.6% of the company’s stock—to acquire the remaining shares of Penske Automotive that they do not own for $210.00 per share in cash. The investigation concerns whether this consideration undervalues the company and whether the process leading to it is fair and adequate.
Penske Automotive shareholders are encouraged to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Penske Automotive Group, Inc. (NYSE: PAG) to Penske Corporation and Mitsui & Co., Ltd. Under the terms of the proposed transaction, shareholders of Penske Automotive will receive $210.00 in cash for each share of Penske Automotive that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at (833) 538-3612, or visit https://www.ksfcounsel.com/cases/nyse-pag/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
LOS ANGELES--(BUSINESS WIRE)--Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors Penske Automotive Group, Inc. (“Penske” or “the Company”) (NYSE: PAG) for potential breaches of fiduciary duty on the part of its directors and management.
INVESTIGATION DETAILS: The investigation focuses on determining if the Penske board breached its fiduciary duties to shareholders.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Penske Automotive Group, Inc. (NYSE:PAG – Get Free Report) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $202.25.
Several equities analysts recently commented on the stock. Benchmark cut shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Stephens increased their target price on shares of Penske Automotive Group from $166.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday. Barclays raised their price target on shares of Penske Automotive Group from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Penske Automotive Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Finally, UBS Group set a $190.00 price target on shares of Penske Automotive Group in a report on Friday, July 10th.
View Our Latest Report on PAG
Insider Activity In other Penske Automotive Group news, Director Greg C. Smith sold 1,488 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $160.02, for a total value of $238,109.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michelle Hulgrave sold 1,500 shares of Penske Automotive Group stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $171.80, for a total value of $257,700.00. Following the sale, the chief financial officer owned 17,596 shares of the company’s stock, valued at approximately $3,022,992.80. This trade represents a 7.86% decrease in their position. The SEC filing for this sale provides additional information. 52.90% of the stock is owned by insiders.
Institutional Inflows and Outflows Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its stake in Penske Automotive Group by 15.1% in the first quarter. Parallel Advisors LLC now owns 441 shares of the company’s stock worth $66,000 after buying an additional 58 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Penske Automotive Group by 0.4% during the second quarter. California State Teachers Retirement System now owns 18,434 shares of the company’s stock worth $3,167,000 after acquiring an additional 65 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Penske Automotive Group by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 830 shares of the company’s stock worth $124,000 after acquiring an additional 65 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Penske Automotive Group by 37.5% in the 4th quarter. Rothschild Investment LLC now owns 242 shares of the company’s stock worth $38,000 after acquiring an additional 66 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its stake in shares of Penske Automotive Group by 2.7% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,630 shares of the company’s stock valued at $416,000 after purchasing an additional 70 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors.
Penske Automotive Group Stock Up 0.0% Shares of NYSE PAG opened at $217.35 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.98 and a debt-to-equity ratio of 0.36. The company has a market cap of $14.29 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.92 and a beta of 0.84. Penske Automotive Group has a 52 week low of $140.12 and a 52 week high of $227.00. The business has a 50-day simple moving average of $187.70 and a two-hundred day simple moving average of $169.26.
Penske Automotive Group (NYSE:PAG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.42 by $0.20. Penske Automotive Group had a return on equity of 14.78% and a net margin of 2.81%.The firm had revenue of $8.51 billion for the quarter, compared to analysts’ expectations of $7.98 billion. During the same period in the prior year, the business posted $3.78 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that Penske Automotive Group will post 13.48 earnings per share for the current fiscal year.
Penske Automotive Group Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $1.44 per share. The ex-dividend date is Friday, August 14th. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.42. This represents a $5.76 annualized dividend and a yield of 2.7%. Penske Automotive Group’s dividend payout ratio (DPR) is presently 41.83%.
About Penske Automotive Group (Get Free Report)
Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.
Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.
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, /PRNewswire/ -- Kaskela Law LLC announces that it has launched an investigation on behalf of Penske Automotive Group, Inc. (NYSE: PAG) ("Penske Automotive") stockholders.
On July 22, 2026, Penske Automtive reported that it had received a proposal from Penske Corp. and Mitsui & Co., Ltd., who collectively own over 72% of the company's stock, to acquire the remaining shares of Penske Automotive stock that they do not currently own for $210.00 per share in cash.
The investigation seeks to determine whether the proposed $210.00 per share in cash represents sufficient monetary consideration for Penske Automotive shares, or if the offer undervalues the company's shares and potentially shortchanges PAG investors.
Penske Automotive shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email at [email protected] for additional information about their legal rights and options. Investors may also request additional information about this investigation and their options by clicking on the following link (or by copying and pasting the link into your browser):
https://kaskelalaw.com/case/penske/
ABOUT KASKELA LAW:
Kaskela Law exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis (i.e., the firm's clients are never responsible for any out-of-pocket costs for legal representation). Since 2020, the firm has helped to recover over $500 million for investors. For additional information about Kaskela Law, including the firm's recent notable recoveries for investors, please visit www.kaskelalaw.com.
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
www.kaskelalaw.com
This communication may constitute attorney advertising in certain jurisdictions.
3 Stocks Generating a Ridiculous Amount of CashPenske Automotive Group NYSE: PAG reported second-quarter 2026 revenue of $8.5 billion, up 6% from a year earlier, as the dealership group cited growth in retail automotive, commercial trucks and international operations. The company also disclosed that its board has formed a special committee of independent directors to evaluate an unsolicited proposal from Penske Corporation and Mitsui & Co. to acquire the shares they do not already own for $210 per share in cash.
Anthony Pordon, executive vice president of investor relations and corporate development, said the proposal is preliminary and non-binding. The special committee is authorized to hire its own legal and financial advisers. The company said it would not provide further comment or take questions on the matter during the earnings call.
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Why Analysts Love These 2 Car Sales Platforms, And Avoid DealersFor the quarter, Penske Automotive reported earnings before taxes of $354 million, net income of $260 million and earnings per share of $3.96. Results included about $30 million from gains on dealership sales. Excluding that gain, adjusted income before taxes was $323 million, adjusted net income was $238 million and adjusted earnings per share was $3.62.
Retail Automotive Results Chairman and CEO Roger Penske said the company delivered 125,000 new and used vehicles during the quarter, along with more than 5,400 new and used commercial trucks. Same-store retail new and used vehicle units increased 5% overall.
Gross profit per new vehicle retailed was $4,782, down $1 sequentially, while used-vehicle gross profit per unit was $2,095, up $19 from the first quarter. Same-store service and parts revenue increased 2%, with related gross profit rising 3%. Service and parts gross margin expanded 60 basis points from the prior year and 80 basis points sequentially.
In the U.S., same-store new and used retail automotive units rose 3%, according to Rich Shearing, chief operating officer of North American operations. About 24% of new units sold during the quarter were sold at manufacturer’s suggested retail price, unchanged from the first quarter. U.S. same-store service and parts revenue and gross profit each increased 2.5%, supported by nearly 4% growth in customer-pay work.
Shearing said the company’s U.S. technician count was 2% higher than at the end of June 2025, while service-bay utilization was approximately 84%.
Commercial Truck Demand Improves Premier Truck Group retailed 5,431 new and used trucks in the second quarter. Same-store new-truck units declined 8%, while used-truck units rose 65%. However, new-truck deliveries increased sequentially to 4,276 from 2,786 in the first quarter.
Premier Truck Group generated $928 million in revenue and $143 million in gross profit, with gross margin improving 20 basis points. Used-truck gross profit per unit rose by more than $2,000 sequentially and nearly $1,900 from the prior-year quarter, which management attributed to improved freight-market conditions and stronger spot rates.
Management said North American Class 8 truck orders increased 170% in the second quarter, while the industry backlog rose 105% to 186,000 units. Shearing said Premier Truck Group’s own backlog was about 10,400 units and that most orders taken in the first half are expected to convert to retail sales in the second half of 2026. He estimated the company delivered about 6,000 trucks in the first half and expects roughly 10,000 deliveries during the second half.
“The recovery in the commercial truck market is underway,” Roger Penske said, adding that improving freight conditions should benefit both the dealership business and Penske Transportation Solutions.
Penske Transportation Solutions, in which Penske Automotive records equity income, produced $57 million of equity income in the quarter, up 7% from $54 million a year earlier. Operating revenue was flat, as a 1% increase in lease revenue was offset by a 12% decline in rental revenue and a 2% decline in logistics revenue.
The unit sold 9,170 vehicles during the quarter and ended June with a fleet of just under 380,000 vehicles, compared with 414,000 a year earlier. Management said fleet reductions lowered operating and interest costs and improved utilization, but reduced gains on sales of used trucks by $13 million.
International Growth and Australia Energy Orders International revenue increased 10% to $3.2 billion. Same-store new units rose 8%, used units increased 7%, and same-store gross profit grew 6%.
In the United Kingdom, new vehicle deliveries climbed 14%, roughly in line with the overall market’s 13% increase. Randall Seymore, chief operating officer of international operations, said the market remains challenging because of higher taxes, affordability pressures, reduced Motability programs and government electrification requirements. He also noted that Chinese brands have increased their U.K. market share, although Penske’s operations remain predominantly focused on premium and luxury brands.
In Australia, Penske’s off-highway commercial vehicle and power systems revenue increased 63%. The company secured more than $300 million in orders during the quarter, bringing its secured 2026 order book to nearly $660 million. Seymore said demand was supported by energy solutions, mining and defense, and that the company sees a path to reaching AUD 1 billion in data-center revenue by 2030.
Capital Allocation and Balance Sheet For the first six months of 2026, Penske Automotive generated $418 million in operating cash flow and $829 million of EBITDA. It invested $134 million in capital expenditures and acquired two Lexus dealerships with estimated annualized revenue of $450 million.
The company increased its quarterly dividend to $1.44 per share, its 23rd consecutive quarterly increase, and repurchased 265,000 shares for $43 million. Since the start of 2023, it has returned approximately $1.6 billion to shareholders through dividends and buybacks.
At the end of June, non-vehicle long-term debt was $2.5 billion and leverage was 1.7 times. The company reduced long-term debt by $141 million during the quarter. Total inventory stood at $5.1 billion, including a 51-day supply of new vehicles and a 44-day supply of used vehicles. Liquidity was approximately $1.4 billion.
About Penske Automotive Group (NYSE:PAG)Penske Automotive Group, Inc NYSE: PAG, headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.
Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.
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For the quarter ended June 2026, Penske Automotive (PAG - Free Report) reported revenue of $8.51 billion, up 11.1% over the same period last year. EPS came in at $3.62, compared to $3.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $7.93 billion, representing a surprise of +7.4%. The company delivered an EPS surprise of +7.1%, with the consensus EPS estimate being $3.38.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Penske performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Retail Automotive Revenue Per Vehicle Retailed - Used Vehicles: $41,847.00 compared to the $41,512.34 average estimate based on three analysts.Retail Commercial Truck Revenue Per Vehicle Retailed - Used Vehicles: $74,991.00 versus the three-analyst average estimate of $70,596.84.Retail Commercial Truck Revenue Per Vehicle Retailed - New Vehicles: $138,979.00 versus $143,825.20 estimated by three analysts on average.Retail Commercial Truck Units - Total: 5,431 compared to the 5,071 average estimate based on three analysts.Revenue- Retail Automotive: $7.3 billion compared to the $6.81 billion average estimate based on four analysts. The reported number represents a change of +12% year over year.Revenue- Commercial Vehicle Distribution and Other: $283.9 million compared to the $220.01 million average estimate based on four analysts. The reported number represents a change of +41.1% year over year.Revenue- Retail Automotive- Service and Parts: $867.1 million versus $889.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.Revenue- Retail Automotive- Finance and Insurance, Net: $211 million versus the four-analyst average estimate of $197.61 million. The reported number represents a year-over-year change of +5.2%.Revenue- Retail Automotive- Fleet and Wholesale: $375.6 million versus $379.49 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.Revenue- Retail Automotive- New Vehicles: $3.38 billion compared to the $3.02 billion average estimate based on four analysts. The reported number represents a change of +14.7% year over year.Revenue- Retail Commercial Truck: $927.8 million compared to the $922.42 million average estimate based on four analysts. The reported number represents a change of -1.7% year over year.Revenue- Retail Automotive- Used Vehicles: $2.47 billion versus $2.3 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.3% change.View all Key Company Metrics for Penske here>>>
Shares of Penske have returned +22.9% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Penske Automotive (PAG - Free Report) came out with quarterly earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.38 per share. This compares to earnings of $3.78 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.10%. A quarter ago, it was expected that this auto dealership chain would post earnings of $2.91 per share when it actually produced earnings of $3.05, delivering a surprise of +4.81%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Penske, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $8.51 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.40%. This compares to year-ago revenues of $7.66 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Penske shares have added about 39% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Penske?While Penske has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Penske was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.51 on $8.08 billion in revenues for the coming quarter and $13.45 on $32.13 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Whole Sales is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Titan Machinery (TITN - Free Report) , is yet to report results for the quarter ended July 2026.
This agriculture and construction equipment seller is expected to post quarterly loss of $0.33 per share in its upcoming report, which represents a year-over-year change of -26.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Titan Machinery's revenues are expected to be $489.03 million, down 10.5% from the year-ago quarter.
New and Used Automotive Units Delivered Increase 5% to Over 125,000
Quarterly Revenue Increases 6% to $8.5 Billion
Income Before Taxes of $354 Million; Net Income of $260 Million; Earnings Per Share of $3.96
Adjusted Income Before Taxes of $323 Million; Adjusted Net Income of $238 Million; Adjusted Earnings Per Share of $3.62
, /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced financial results for the second quarter of 2026. For the quarter, revenue increased 6% to $8.5 billion when compared to $8.0 billion for the same period in 2025. Net income attributable to common stockholders was $260.4 million compared to $266.6 million for the same period in 2025, and related earnings per share was $3.96 compared to $4.03 for the same period in 2025. These GAAP results include a gain on the sale of dealerships, as well as the full quarterly results of Penske Motor Group in both periods, which are required by GAAP for common control transactions (see Non-GAAP reconciliations below). Excluding the gain on the sale of dealerships, as reconciled in the attached schedules, adjusted income before taxes was $323.3 million, adjusted net income was $237.7 million, and adjusted earnings per share was $3.62. Foreign currency exchange positively impacted revenue by $47.2 million, net income attributable to common stockholders by $1.7 million, and earnings per share by $0.02.
Commenting on the Company's results, Chair Roger Penske said, "In the second quarter of 2026, our diversified business delivered over 125,000 retail automotive units and more than 5,400 commercial truck units. Retail automotive same-store revenue increased 6%. Retail automotive new and used vehicle gross profit per unit remained strong and consistent when compared to the first quarter of 2026, and service and parts gross margin increased by 80 basis points. Additionally, I am encouraged with the trends we are experiencing across the commercial truck market from an improved freight environment, driving strong orders of Class 8 trucks."
For the six months ended June 30, 2026, revenue was $16.4 billion compared to $16.0 billion for the same period in 2025. Net income attributable to common stockholders was $494.9 million compared to $524.3 million for the same period in 2025, and related earnings per share was $7.52 compared to $7.89 for the same period in 2025. These GAAP results include a gain on the sale of dealerships, certain disposals and other charges, as well as the full results of Penske Motor Group in both periods, which are required by GAAP for common control transactions (see Non-GAAP reconciliations below). Excluding the gain on the sale of dealerships and certain disposals and other charges, as reconciled in the attached schedules, adjusted income before taxes was $599.6 million, adjusted net income was $438.3 million, and adjusted earnings per share was $6.66. Foreign currency exchange positively impacted revenue by $274.8 million, net income attributable to common stockholders by $5.1 million, and earnings per share by $0.07.
Retail Automotive Dealerships
For the three months ended June 30, 2026, total new units delivered increased 5% and used units delivered increased 4%. The increase in new units is attributed to resilient consumer demand, coupled with improved new vehicle availability from certain manufacturers. Total retail automotive revenue increased 6% to $7.3 billion and increased 6% on a same-store basis. On a sequential basis when compared to the first quarter of 2026, new vehicle gross profit per unit decreased $1 and used vehicle gross profit per unit increased $19. When compared to the prior year period, same-store retail automotive service and parts revenue increased 2%, gross profit increased 3%, and gross margin improved 80 basis points to 59.5%.
For the six months ended June 30, 2026, total new units delivered remained flat and used units delivered increased 2%. Total retail automotive revenue increased 3% to $14.3 billion and increased 3% on a same-store basis. When compared to the prior year period, same-store retail automotive service and parts revenue increased 3%, gross profit increased 5%, and gross margin improved 60 basis points to 59.2%.
Retail Commercial Truck Dealerships
For the three months ended June 30, 2026, the Company's retail commercial truck dealerships retailed 5,431 new and used units and generated $927.8 million in revenue and $47.2 million in income before taxes. This compares to 5,339 new and used units, $943.6 million of revenue, and $54.2 million in income before taxes during the same period in the prior year as lower order intake related to the weak freight environment in the third and fourth quarters of 2025 impacted truck deliveries during the second quarter of 2026. The Class 8 market order activity began to increase in late 2025 as the freight recession started to show signs of improvement. For the six months ended June 30, 2026, North American Class 8 commercial truck orders increased 118% when compared to the same period in the prior year according to industry sources. In addition, our retail commercial truck dealership operations experienced a 5% increase in service and parts revenue during the quarter. For the six months ended June 30, 2026, the Company's retail commercial truck dealerships retailed 9,014 new and used units and generated $1.6 billion in revenue and $83.5 million in income before taxes. This compares to 10,053 new and used units, $1.8 billion in revenue, and $99.3 million in income before taxes during the same period in the prior year.
Penske Transportation Solutions Investment
Penske Transportation Solutions ("PTS") is a leading provider of full-service truck leasing, truck rental, contract maintenance, and logistics services. PTS operates a managed fleet with over 379,200 trucks, tractors, and trailers under lease, rental and/or maintenance contracts. Penske Automotive Group has a 28.9% ownership interest in PTS and accounts for its ownership interest using the equity method of accounting. For the three and six months ended June 30, 2026, PTS' results reflect the improved freight environment, and the Company recorded a 7% increase in earnings to $57.4 million and a 14% increase in earnings to $98.5 million, respectively, driven by growth in full-service leasing, improved fleet utilization, lower operating expenses, and lower interest costs, partially offset by continued challenges in the rental market and by a lower gain on the sale of used trucks.
Corporate Development, Capital Allocation, Liquidity, and Leverage
The Company's strong balance sheet, cash flow generation, and best-in-class leverage continue to support our flexible capital allocation approach. In February 2026, the Company announced that it completed the acquisition of Lexus of Orlando and Lexus of Winter Park, both located in the Orlando metropolitan area of Central Florida. The acquisition is expected to add $450 million in estimated annualized revenue. Coupled with the acquisitions in November 2025, the Company has acquired two Toyota and four Lexus dealerships in the last nine months, which are expected to generate approximately $2 billion in estimated annualized revenue.
During the six months ended June 30, 2026, the Company repurchased 265,104 shares of common stock for approximately $42.5 million. As of June 30, 2026, $221.2 million remained outstanding and available for repurchases under our securities repurchase program. As of June 30, 2026, the Company had approximately $1.4 billion in liquidity, including $70 million in cash and $1.3 billion of availability under its U.S. and international credit agreements and revolving mortgage facilities. The Company's leverage ratio at June 30, 2026 was 1.7x. During July 2026, the Board of Directors approved an increase in the quarterly dividend of 1.4%, or $0.02 per share, to $1.44 per share, representing a forward dividend yield of 2.7%. The increase represents the Company's 23rd consecutive quarterly increase. On a trailing twelve month basis, the dividend payout ratio is 41%. The dividend is payable September 1, 2026, to shareholders of record as of August 14, 2026.
Conference Call
Penske Automotive Group will host a conference call discussing financial results relating to the second quarter of 2026 on Wednesday, July 29, 2026, at 2:00 p.m. Eastern Daylight Time. To listen to the conference call, participants must dial (833) 461-5787 [International, please dial (585) 542-9983] using access code 895612473. The call will also be simultaneously broadcast over the Internet, available through the Investors section of the Penske Automotive Group website. Additionally, an investor presentation relating to the second quarter 2026 financial results has been posted to the Investors section of the Company's website. To access the presentation or to listen to the Company's webcast, please refer to www.penskeautomotive.com.
About Penske Automotive
Penske Automotive Group, Inc. (NYSE: PAG), headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,600 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs over 40,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 379,200 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.
Non-GAAP Financial Measures
This release contains certain non-GAAP financial measures as defined under SEC rules, such as adjusted revenue, adjusted gross profit, adjusted net income, adjusted earnings per share, adjusted income before taxes, earnings before interest, taxes, depreciation, and amortization ("EBITDA"), adjusted EBITDA, adjusted selling, general, and administrative expenses, and leverage ratio. The Company has reconciled these measures to the most directly comparable GAAP measures in the release. The Company believes that these widely accepted financial measures of operating profitability improve the transparency of the Company's disclosures and provide a meaningful presentation of the Company's results from its core business operations excluding the impact of items not related to the Company's ongoing core business operations and improve the period-to-period comparability of the Company's results from its core business operations. These non-GAAP financial measures are not substitutes for GAAP financial results and should only be considered in conjunction with the Company's financial information that is presented in accordance with GAAP.
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance, expectations, acquisition activity, future plans, and future revenues. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, those related to macro-economic, geo-political, and industry conditions and events, including their impact on sales of new and used vehicles, service and parts, and repair and maintenance services, the availability of consumer credit, changes in consumer demand, consumer confidence levels, fuel prices, demand for trucks to move freight with respect to Penske Transportation Solutions ("PTS") and Premier Truck Group, and other freight metrics such as spot rates or miles driven, personal discretionary spending levels, interest rates, foreign currency exchange rates, and unemployment rates; our ability to obtain vehicles and parts from our manufacturers, especially in light of supply chain disruptions due to natural disasters, tariffs and non-tariff trade barriers, any shortages of vehicle components, international conflicts, challenges in sourcing labor, labor strikes, work stoppages, or other disruptions; the control our manufacturer partners can exert over our operations and our reliance on them for various aspects of our business; risks to our reputation and those of our manufacturer partners; changes in the retail model from direct sales by manufacturers, a transition to an agency model of sales, sales by online competitors, or from the expansion of electric vehicles; disruptions to the security and availability of our information technology systems and those of our third-party providers, which systems are increasingly threatened by ransomware and other cyber-attacks; the effects of a pandemic on the global economy, including our ability to react effectively to changing business conditions in light of any pandemic; the impact of tariffs targeting imported vehicles and parts, as well as changes or increases in tariffs, trade restrictions, trade disputes, or non-tariff trade barriers; the rate of inflation, including its impact on vehicle affordability; our ability to consummate, integrate, and realize returns on our acquisitions; with respect to PTS, changes in the financial health of its customers, labor strikes, or work stoppages by its employees, a reduction in PTS' asset utilization rates, the cost of acquiring and the continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, including with respect to the effect of various regulations concerning its vehicle fleet, changes in the values of used trucks, which affect PTS' profitability on truck sales, and regulatory risks and related compliance costs; our ability to realize returns on our significant capital investments in new and upgraded dealership facilities; our ability to navigate a rapidly changing automotive and truck landscape; our ability to respond to new or enhanced regulations in both our domestic and international markets relating to dealerships and vehicle sales, including those related to the sales process, emissions standards, or electrification; the success of our distribution of commercial vehicles, engines, and power systems; natural disasters; recall initiatives or other disruptions that interrupt the supply of vehicles or parts to us; risks and uncertainties relating to an unsolicited, preliminary and non-binding take private proposal received from Penske Corporation and Mitsui & Co., Ltd. and their affiliates to acquire all of the shares of the Company not already owned by them, including the possibility that any such transaction may not be pursued, approved, or consummated on the proposed terms, within any anticipated timeline, or at all; the outcome of legal and administrative matters and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, risks, and other uncertainties, which could affect Penske Automotive Group's future performance. The risks and uncertainties discussed above are not exhaustive and additional risks and uncertainties are addressed in Penske Automotive Group's Form 10-K for the year ended December 31, 2025, its Form 10-Q for the quarterly period ended March 31, 2026, and its other filings with the Securities and Exchange Commission. This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.
Inquiries should contact:
Shelley Hulgrave
Anthony Pordon
Executive Vice President and
Executive Vice President Investor Relations
Chief Financial Officer
and Corporate Development
Penske Automotive Group, Inc.
Penske Automotive Group, Inc.
248-648-2812
248-648-2540
[email protected]
[email protected]
PENSKE AUTOMOTIVE GROUP, INC.
Consolidated Condensed Statements of Income
(Amounts In Millions, Except Per Share Data)
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
Change
2026
2025
Change
Revenue
$ 8,512.7
$ 8,032.5
6.0 %
$ 16,376.3
$ 15,986.3
2.4 %
Cost of Sales
7,155.7
6,680.3
7.1 %
13,719.9
13,312.7
3.1 %
Gross Profit
$ 1,357.0
$ 1,352.2
0.4 %
$ 2,656.4
$ 2,673.6
(0.6) %
SG&A Expenses
974.0
943.8
3.2 %
1,939.6
1,895.2
2.3 %
Depreciation
45.4
43.1
5.3 %
90.2
83.7
7.8 %
Operating Income
$ 337.6
$ 365.3
(7.6) %
$ 626.6
$ 694.7
(9.8) %
Floor Plan Interest Expense
(38.5)
(43.8)
(12.1) %
(76.6)
(85.8)
(10.7) %
Other Interest Expense
(33.1)
(21.6)
53.2 %
(61.5)
(44.1)
39.5 %
Gain on Sale of Dealerships
30.5
—
nm
90.9
52.3
73.8 %
Equity in Earnings of Affiliates
57.3
53.6
6.9 %
98.1
86.9
12.9 %
Income Before Income Taxes
$ 353.8
$ 353.5
0.1 %
$ 677.5
$ 704.0
(3.8) %
Income Taxes
(92.6)
(86.0)
7.7 %
(181.4)
(178.1)
1.9 %
Net Income
$ 261.2
$ 267.5
(2.4) %
$ 496.1
$ 525.9
(5.7) %
Less: Income Attributable to Non-Controlling Interests
0.8
0.9
(11.1) %
1.2
1.6
(25.0) %
Net Income Attributable to Common Stockholders
$ 260.4
$ 266.6
(2.3) %
$ 494.9
$ 524.3
(5.6) %
Amounts Attributable to Common Stockholders:
Net Income
$ 261.2
$ 267.5
(2.4) %
$ 496.1
$ 525.9
(5.7) %
Less: Income Attributable to Non-Controlling Interests
0.8
0.9
(11.1) %
1.2
1.6
(25.0) %
Net Income Attributable to Common Stockholders
$ 260.4
$ 266.6
(2.3) %
$ 494.9
$ 524.3
(5.6) %
Earnings Per Share
$ 3.96
$ 4.03
(1.7) %
$ 7.52
$ 7.89
(4.7) %
Weighted Average Shares Outstanding
65.7
66.2
(0.8) %
65.8
66.5
(1.1) %
nm – not meaningful
PENSKE AUTOMOTIVE GROUP, INC.
Consolidated Condensed Balance Sheets
(Amounts In Millions)
(Unaudited)
June 30,
December 31,
2026
2025
Assets:
Cash and Cash Equivalents
$ 69.5
$ 64.7
Accounts Receivable, Net
1,061.9
1,070.3
Inventories
5,109.7
4,814.7
Other Current Assets
269.9
242.9
Total Current Assets
6,511.0
6,192.6
Property and Equipment, Net
3,289.8
3,224.6
Operating Lease Right-of-Use Assets
2,493.2
2,543.8
Intangibles
4,107.9
3,599.9
Other Long-Term Assets
2,083.4
2,036.8
Total Assets
$ 18,485.3
$ 17,597.7
Liabilities and Equity:
Floor Plan Notes Payable
$ 2,700.7
$ 2,532.8
Floor Plan Notes Payable – Non-Trade
1,664.4
1,561.5
Accounts Payable
915.2
899.8
Accrued Expenses and Other Current Liabilities
1,017.3
930.0
Current Portion Long-Term Debt
377.3
355.0
Total Current Liabilities
6,674.9
6,279.1
Long-Term Debt
2,118.7
1,810.5
Long-Term Operating Lease Liabilities
2,389.8
2,461.5
Other Long-Term Liabilities
1,468.5
1,465.7
Total Liabilities
12,651.9
12,016.8
Equity
5,833.4
5,580.9
Total Liabilities and Equity
$ 18,485.3
$ 17,597.7
PENSKE AUTOMOTIVE GROUP, INC.
Consolidated Operations
Selected Data
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
2026
2025
Geographic Revenue Mix:
North America
62.2 %
63.6 %
60.3 %
62.4 %
U.K.
26.1 %
26.0 %
27.9 %
27.6 %
Other International
11.7 %
10.4 %
11.8 %
10.0 %
Total
100.0 %
100.0 %
100.0 %
100.0 %
Revenue: (Amounts in Millions)
Retail Automotive
$ 7,301.0
$ 6,887.7
$ 14,268.1
$ 13,806.3
Retail Commercial Truck
927.8
943.6
1,622.4
1,767.3
Commercial Vehicle Distribution and Other
283.9
201.2
485.8
412.7
Total
$ 8,512.7
$ 8,032.5
$ 16,376.3
$ 15,986.3
Gross Profit: (Amounts in Millions)
Retail Automotive
$ 1,156.5
$ 1,164.4
$ 2,281.5
$ 2,300.6
Retail Commercial Truck
142.8
143.6
271.0
284.6
Commercial Vehicle Distribution and Other
57.7
44.2
103.9
88.4
Total
$ 1,357.0
$ 1,352.2
$ 2,656.4
$ 2,673.6
Gross Margin:
Retail Automotive
15.8 %
16.9 %
16.0 %
16.7 %
Retail Commercial Truck
15.4 %
15.2 %
16.7 %
16.1 %
Commercial Vehicle Distribution and Other
20.3 %
22.0 %
21.4 %
21.4 %
Total
15.9 %
16.8 %
16.2 %
16.7 %
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
2026
2025
Operating Items as a Percentage of Revenue:
Gross Profit
15.9 %
16.8 %
16.2 %
16.7 %
Selling, General, and Administrative Expenses
11.4 %
11.7 %
11.8 %
11.9 %
Operating Income
4.0 %
4.5 %
3.8 %
4.3 %
Income Before Income Taxes
4.2 %
4.4 %
4.1 %
4.4 %
Operating Items as a Percentage of Total Gross Profit:
Selling, General, and Administrative Expenses
71.8 %
69.8 %
73.0 %
70.9 %
Adjusted Selling, General, and Administrative Expenses(1)
71.8 %
69.9 %
72.5 %
70.0 %
Operating Income
24.9 %
27.0 %
23.6 %
26.0 %
Three Months Ended
Six Months Ended
June 30,
June 30,
(Amounts in Millions)
2026
2025
2026
2025
EBITDA(1)
$ 432.3
$ 418.2
$ 829.2
$ 831.8
Adjusted EBITDA(1)
$ 401.8
$ 400.6
$ 751.3
$ 773.0
Floor Plan Credits
$ 17.7
$ 16.3
$ 32.8
$ 32.1
Property Rent Expense
$ 71.1
$ 70.3
$ 144.0
$ 139.9
(1)
See the following Non-GAAP reconciliation table.
PENSKE AUTOMOTIVE GROUP, INC.
Retail Automotive Operations
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
Change
2026
2025
Change
Retail Automotive Units:
New Retail
55,136
52,985
4.1 %
105,172
108,509
(3.1) %
New Agency
11,195
10,079
11.1 %
24,206
20,765
16.6 %
Total New Delivered
66,331
63,064
5.2 %
129,378
129,274
0.1 %
Used Retail
59,070
56,802
4.0 %
119,196
117,289
1.6 %
Total New and Used Delivered
125,401
119,866
4.6 %
248,574
246,563
0.8 %
Retail Automotive Revenue: (Amounts in Millions)
New Vehicles
$
3,375.4
$
3,188.1
5.9 %
$
6,456.1
$
6,436.1
0.3 %
Used Vehicles
2,471.9
2,259.4
9.4 %
4,901.3
4,523.5
8.4 %
Finance and Insurance, Net
211.0
208.2
1.3 %
413.3
413.6
(0.1) %
Service and Parts
867.1
853.4
1.6 %
1,731.0
1,679.0
3.1 %
Fleet and Wholesale
375.6
378.6
(0.8) %
766.4
754.1
1.6 %
Total Revenue
$
7,301.0
$
6,887.7
6.0 %
$
14,268.1
$
13,806.3
3.3 %
Retail Automotive Gross Profit: (Amounts in Millions)
New Vehicles
$
290.1
$
306.4
(5.3) %
$
560.4
$
608.9
(8.0) %
Used Vehicles
123.8
130.6
(5.2) %
248.6
258.7
(3.9) %
Finance and Insurance, Net
211.0
208.2
1.3 %
413.3
413.6
(0.1) %
Service and Parts
517.0
501.4
3.1 %
1,026.7
983.8
4.4 %
Fleet and Wholesale
14.6
17.8
(18.0) %
32.5
35.6
(8.7) %
Total Gross Profit
$
1,156.5
$
1,164.4
(0.7) %
$
2,281.5
$
2,300.6
(0.8) %
Retail Automotive Revenue Per Vehicle Retailed:
New Vehicles (excluding agency)
$
60,701
$
59,691
1.7 %
$
60,798
$
58,836
3.3 %
Used Vehicles
41,847
39,776
5.2 %
41,120
38,567
6.6 %
Retail Automotive Gross Profit Per Vehicle Retailed:
New Vehicles (excluding agency)
$
4,782
$
5,337
(10.4) %
$
4,782
$
5,172
(7.5) %
New Agency
2,772
2,701
2.6 %
2,790
2,659
4.9 %
Used Vehicles
2,095
2,298
(8.8) %
2,085
2,206
(5.5) %
Finance and Insurance (excluding agency)
1,807
1,863
(3.0) %
1,797
1,798
(0.1) %
Retail Automotive Gross Margin:
New Vehicles
8.6 %
9.6 %
(100)bps
8.7 %
9.5 %
(80)bps
Used Vehicles
5.0 %
5.8 %
(80)bps
5.1 %
5.7 %
(60)bps
Service and Parts
59.6 %
58.8 %
+80bps
59.3 %
58.6 %
+70bps
Fleet and Wholesale
3.9 %
4.7 %
(80)bps
4.2 %
4.7 %
(50)bps
Total Gross Margin
15.8 %
16.9 %
(110)bps
16.0 %
16.7 %
(70)bps
Retail Automotive Revenue Mix Percentages:
New Vehicles
46.2 %
46.3 %
(10)bps
45.2 %
46.6 %
(140)bps
Used Vehicles
33.9 %
32.8 %
+110bps
34.4 %
32.8 %
+160bps
Finance and Insurance, Net
2.9 %
3.0 %
(10)bps
2.9 %
3.0 %
(10)bps
Service and Parts
11.9 %
12.4 %
(50)bps
12.1 %
12.2 %
(10)bps
Fleet and Wholesale
5.1 %
5.5 %
(40)bps
5.4 %
5.4 %
—bps
Total
100.0 %
100.0 %
100.0 %
100.0 %
Retail Automotive Gross Profit Mix Percentages:
New Vehicles
25.1 %
26.3 %
(120)bps
24.6 %
26.5 %
(190)bps
Used Vehicles
10.7 %
11.2 %
(50)bps
10.9 %
11.2 %
(30)bps
Finance and Insurance, Net
18.2 %
17.9 %
+30bps
18.1 %
18.0 %
+10bps
Service and Parts
44.7 %
43.1 %
+160bps
45.0 %
42.8 %
+220bps
Fleet and Wholesale
1.3 %
1.5 %
(20)bps
1.4 %
1.5 %
(10)bps
Total
100.0 %
100.0 %
100.0 %
100.0 %
PENSKE AUTOMOTIVE GROUP, INC.
Retail Automotive Operations Same-Store
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
Change
2026
2025
Change
Retail Automotive Same-Store Units:
New Retail
53,774
51,847
3.7 %
102,305
105,889
(3.4) %
New Agency
11,195
10,079
11.1 %
24,206
20,765
16.6 %
Total New Delivered
64,969
61,926
4.9 %
126,511
126,654
(0.1) %
Used Retail
57,802
55,034
5.0 %
116,007
112,858
2.8 %
Total New and Used Delivered
122,771
116,960
5.0 %
242,518
239,512
1.3 %
Retail Automotive Same-Store Revenue: (Amounts in Millions)
New Vehicles
$
3,281.9
$
3,126.4
5.0 %
$
6,269.3
$
6,299.4
(0.5) %
Used Vehicles
2,422.6
2,204.3
9.9 %
4,792.5
4,392.7
9.1 %
Finance and Insurance, Net
207.1
203.9
1.6 %
404.7
403.4
0.3 %
Service and Parts
852.1
835.7
2.0 %
1,693.4
1,639.7
3.3 %
Fleet and Wholesale
356.2
367.0
(2.9) %
730.0
728.9
0.2 %
Total Revenue
$
7,119.9
$
6,737.3
5.7 %
$
13,889.9
$
13,464.1
3.2 %
Retail Automotive Same-Store Gross Profit: (Amounts in Millions)
New Vehicles
$
280.6
$
301.4
(6.9) %
$
542.1
$
598.2
(9.4) %
Used Vehicles
120.7
127.5
(5.3) %
242.4
252.3
(3.9) %
Finance and Insurance, Net
207.1
203.9
1.6 %
404.7
403.4
0.3 %
Service and Parts
507.3
490.8
3.4 %
1,003.3
960.4
4.5 %
Fleet and Wholesale
14.6
17.8
(18.0) %
32.5
35.7
(9.0) %
Total Gross Profit
$
1,130.3
$
1,141.4
(1.0) %
$
2,225.0
$
2,250.0
(1.1) %
Retail Automotive Same-Store Revenue Per Vehicle Retailed:
New Vehicles (excluding agency)
$
60,500
$
59,810
1.2 %
$
60,676
$
59,001
2.8 %
Used Vehicles
41,912
40,054
4.6 %
41,312
38,922
6.1 %
Retail Automotive Same-Store Gross Profit Per Vehicle Retailed:
PENSKE AUTOMOTIVE GROUP, INC.
Supplemental Data
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
2026
2025
2026
2025
Retail Automotive Revenue Mix:
Premium:
BMW / MINI
24 %
25 %
24 %
26 %
Porsche
10 %
10 %
10 %
9 %
Audi
8 %
9 %
9 %
9 %
Mercedes-Benz
8 %
8 %
8 %
8 %
Land Rover / Jaguar
7 %
7 %
7 %
7 %
Lexus
6 %
5 %
6 %
5 %
Ferrari / Maserati
4 %
3 %
3 %
3 %
Acura
1 %
1 %
1 %
1 %
Bentley
1 %
1 %
1 %
1 %
Others
1 %
2 %
2 %
2 %
Total Premium
70 %
71 %
71 %
71 %
Volume Non-U.S.:
Toyota
13 %
13 %
13 %
13 %
Honda
5 %
5 %
5 %
5 %
Volkswagen
2 %
2 %
2 %
2 %
Hyundai
1 %
2 %
1 %
2 %
Others
3 %
1 %
2 %
1 %
Total Volume Non-U.S.
24 %
23 %
23 %
23 %
U.S.:
General Motors / Stellantis / Ford
2 %
3 %
2 %
2 %
Used Vehicle Dealerships
4 %
3 %
4 %
4 %
Total
100 %
100 %
100 %
100 %
Three Months Ended
Six Months Ended
June 30,
June 30,
Cash Flow and Other Highlights:
2026
2025
2026
2025
($ Amounts in Millions)
Capital expenditures
$
72.3
$
72.9
$
134.9
$
157.6
Cash paid for acquisitions, including $115 million for property and floor plan
$
—
$
—
$
669.7
$
—
Proceeds from sale of dealerships
$
73.7
$
1.4
$
150.7
$
79.2
Dividends
$
93.6
$
83.6
$
186.2
$
165.4
Stock repurchases:
Aggregate purchase price
$
16.1
$
93.3
$
42.5
$
133.3
Shares repurchased
94,711
630,044
265,104
885,272
Balance Sheet and Other Highlights:
June 30, 2026
December 31, 2025
(Amounts in Millions)
Cash and Cash Equivalents
$
69.5
$
64.7
Inventories
$
5,109.7
$
4,814.7
Total Floor Plan Notes Payable
$
4,365.1
$
4,094.3
Total Long-Term Debt
$
2,496.0
$
2,165.5
Equity
$
5,833.4
$
5,580.9
Debt to Total Capitalization Ratio
30.0 %
28.0 %
Leverage Ratio (1)
1.7 x
1.5 x
New vehicle days' supply
51 days
49 days
Used vehicle days' supply
44 days
49 days
(1)
See the following Non-GAAP reconciliation table
PENSKE AUTOMOTIVE GROUP, INC.
Consolidated Non-GAAP Reconciliations
(Unaudited)
The following table reconciles reported net income to earnings before interest, taxes, depreciation, and amortization
("EBITDA") and adjusted EBITDA for the three and six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,
2026 vs. 2025
(Amounts in Millions)
2026
2025
Change
% Change
Net Income
$
261.2
$
267.5
$
(6.3)
(2.4) %
Add: Depreciation
45.4
43.1
2.3
5.3 %
Other Interest Expense
33.1
21.6
11.5
53.2 %
Income Taxes
92.6
86.0
6.6
7.7 %
EBITDA
$
432.3
$
418.2
$
14.1
3.4 %
Less: Gain on Sale of Dealerships
(30.5)
—
(30.5)
nm
Add: Disposals and Other Charges
—
—
—
nm
Less: Common Control
—
(17.6)
17.6
nm
Adjusted EBITDA
$
401.8
$
400.6
$
1.2
0.3 %
Six Months Ended
June 30,
2026 vs. 2025
(Amounts in Millions)
2026
2025
Change
% Change
Net Income
$
496.1
$
525.9
$
(29.8)
(5.7) %
Add: Depreciation
90.2
83.7
6.5
7.8 %
Other Interest Expense
61.5
44.1
17.4
39.5 %
Income Taxes
181.4
178.1
3.3
1.9 %
EBITDA
$
829.2
$
831.8
$
(2.6)
(0.3) %
Less: Gain on Sale of Dealerships
(90.9)
(52.3)
(38.6)
73.8 %
Add: Disposals and Other Charges
13.0
25.2
(12.2)
nm
Less: Common Control
—
(31.7)
31.7
nm
Adjusted EBITDA
$
751.3
$
773.0
$
(21.7)
(2.8) %
nm – not meaningful
The following table reconciles the leverage ratio as of June 30, 2026, and December 31, 2025:
Six
Six
Trailing Twelve
Twelve
Months Ended
Months Ended
Months Ended
Months Ended
(Amounts in Millions)
December 31, 2025
June 30, 2026
June 30, 2026
December 31, 2025
Net Income
$ 412.0
$ 496.1
$ 908.1
$ 937.9
Add: Depreciation
88.6
90.2
178.8
172.3
Other Interest Expense
47.5
61.5
109.0
91.6
Income Taxes
147.7
181.4
329.1
325.8
EBITDA
$ 695.8
$ 829.2
$ 1,525.0
$ 1,527.6
Less: Gain on Sale of Dealerships
—
(90.9)
(90.9)
(52.3)
Add: Disposals and Other Charges
7.3
13.0
20.3
32.5
Less: Common Control
(16.9)
—
(16.9)
(48.6)
Adjusted EBITDA
$ 686.2
$ 751.3
$ 1,437.5
$ 1,459.2
Total Non-Vehicle Long-Term Debt
$ 2,496.0
$ 2,165.5
Leverage Ratio
1.7 x
1.5 x
The following tables present key adjusted financial line items excluding the gain on the sale of dealerships and certain disposals and other charges. Management believes this presentation is useful to investors in evaluating the Company's operating performance and comparability across periods.
Three Months Ended June 30, 2026
($ Amounts in millions, except per share data)
As Reported
Gain on Sale
of Dealerships
Disposals and
Other
Charges
Adjusted
Revenue
$
8,512.7
$
—
$
—
$
8,512.7
Gross Profit
$
1,357.0
$
—
$
—
$
1,357.0
Selling, General, & Administrative Expenses
$
974.0
$
—
$
—
$
974.0
EBITDA
$
432.3
$
(30.5)
$
—
$
401.8
Income Before Taxes
$
353.8
$
(30.5)
$
—
$
323.3
Net Income Attributable to Common Stockholders
$
260.4
$
(22.7)
$
—
$
237.7
Earnings Per Share
$
3.96
$
(0.34)
$
—
$
3.62
SG&A to Gross Profit
71.8 %
71.8 %
Six Months Ended June 30, 2026
($ Amounts in millions, except per share data)
As Reported
Gain on Sale
of Dealerships
Disposals and
Other
Charges
Adjusted
Revenue
$
16,376.3
$
—
$
—
$
16,376.3
Gross Profit
$
2,656.4
$
—
$
—
$
2,656.4
Selling, General, & Administrative Expenses
$
1,939.6
$
—
$
(13.0)
$
1,926.6
EBITDA
$
829.2
$
(90.9)
$
13.0
$
751.3
Income Before Taxes
$
677.5
$
(90.9)
$
13.0
$
599.6
Net Income Attributable to Common Stockholders
$
494.9
$
(67.5)
$
10.9
$
438.3
Earnings Per Share
$
7.52
$
(1.03)
$
0.17
$
6.66
SG&A to Gross Profit
73.0 %
72.5 %
Our results include the impact of the gain on the sale of a dealership and certain disposals and other charges, as well as the full quarterly and year-to-date results of Penske Motor Group in all periods, which are required by GAAP for common control transactions. The following tables present key adjusted financial line items excluding these items and present the acquisition of Penske Motor Group as if we acquired it on November 1, 2025, without common control accounting. Management believes this presentation is useful to investors in evaluating the Company's operating performance and comparability across periods.
Penske Automotive Group, Inc. (NYSE:PAG – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $219.59 and last traded at $215.8480, with a volume of 499287 shares traded. The stock had previously closed at $217.35.
Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on the company. Stephens boosted their target price on Penske Automotive Group from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings raised Penske Automotive Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. UBS Group set a $190.00 price target on Penske Automotive Group in a research note on Friday, July 10th. Barclays lifted their price target on shares of Penske Automotive Group from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Benchmark downgraded shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.00.
Read Our Latest Report on Penske Automotive Group
Penske Automotive Group Stock Down 0.7% The company’s fifty day simple moving average is $181.87 and its 200 day simple moving average is $167.31. The company has a quick ratio of 0.22, a current ratio of 0.96 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $14.19 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87.
Penske Automotive Group (NYSE:PAG – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. Penske Automotive Group had a return on equity of 15.13% and a net margin of 2.85%.The firm had revenue of $7.86 billion for the quarter, compared to the consensus estimate of $7.71 billion. During the same quarter in the prior year, the business earned $3.66 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts anticipate that Penske Automotive Group, Inc. will post 13.43 earnings per share for the current fiscal year.
Penske Automotive Group Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $1.44 per share. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.42. This represents a $5.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, August 14th. Penske Automotive Group’s dividend payout ratio is presently 42.39%.
Insider Buying and Selling at Penske Automotive Group In related news, CFO Michelle Hulgrave sold 1,500 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $171.80, for a total value of $257,700.00. Following the sale, the chief financial officer directly owned 17,596 shares of the company’s stock, valued at $3,022,992.80. This represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Greg C. Smith sold 1,488 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $160.02, for a total value of $238,109.76. Additional details regarding this sale are available in the official SEC disclosure. 52.90% of the stock is owned by corporate insiders.
Institutional Trading of Penske Automotive Group Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in shares of Penske Automotive Group by 28.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 380,267 shares of the company’s stock worth $54,751,000 after acquiring an additional 84,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Penske Automotive Group by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 68,884 shares of the company’s stock worth $9,918,000 after acquiring an additional 3,100 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Penske Automotive Group in the first quarter worth about $42,000. EverSource Wealth Advisors LLC grew its holdings in Penske Automotive Group by 506.9% in the second quarter. EverSource Wealth Advisors LLC now owns 880 shares of the company’s stock worth $151,000 after purchasing an additional 735 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Penske Automotive Group by 47.0% during the second quarter. Brown Advisory Inc. now owns 3,108 shares of the company’s stock valued at $534,000 after purchasing an additional 994 shares in the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.
About Penske Automotive Group (Get Free Report)
Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.
Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.
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PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it has launched an investigation on behalf of Penske Automotive Group, Inc. (NYSE: PAG) (“Penske Automotive”) stockholders.On July 22, 2026, Penske Automotive reported that it had received a proposal from Penske Corp. and Mitsui & Co., Ltd., who collectively own over 72% of the company's stock, to acquire the remaining shares of Penske Automotive stock that they do not currently own for $210.00 per share in cash.The investigation.
Penske (PAG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
, /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.44 per share, an increase of $0.02 per share (+1.4%), bringing the annualized dividend to $5.76 per share. This represents the Company's 23rd consecutive quarterly dividend increase.
The dividend is payable September 1, 2026, to shareholders of record as of August 14, 2026.
"Our continued dividend growth reflects the strength of our business and disciplined capital allocation strategy," said Robert H. Kurnick, Jr., President of Penske Automotive Group. "We remain committed to creating shareholder value through a balanced strategy that includes dividends, securities repurchases, and strategic acquisitions."
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,800 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs nearly 41,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 387,500 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance, expectations, and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, those related to macro-economic, geo-political and industry conditions and events, including their impact on sales of new and used vehicles, service and parts, and repair and maintenance services, the availability of consumer credit, changes in consumer demand, consumer confidence levels, fuel prices, demand for trucks to move freight with respect to Penske Transportation Solutions ("PTS") and Premier Truck Group, and other freight metrics such as spot rates or miles driven, personal discretionary spending levels, interest rates, foreign currency exchange rates, and unemployment rates; our ability to obtain vehicles and parts from our manufacturers, especially in light of supply chain disruptions due to natural disasters, tariffs and non-tariff trade barriers, any shortages of vehicle components, international conflicts, challenges in sourcing labor, labor strikes, work stoppages, or other disruptions; the control our manufacturer partners can exert over our operations and our reliance on them for various aspects of our business; risks to our reputation and those of our manufacturer partners; changes in the retail model from direct sales by manufacturers, a transition to an agency model of sales, sales by online competitors, or from the expansion of electric vehicles; disruptions to the security and availability of our information technology systems and those of our third party providers, which systems are increasingly threatened by ransomware and other cyber-attacks; the effects of a pandemic on the global economy, including our ability to react effectively to changing business conditions in light of any pandemic; the impact of tariffs targeting imported vehicles and parts, as well as changes or increases in tariffs, trade restrictions, trade disputes, or non-tariff trade barriers; the rate of inflation, including its impact on vehicle affordability; our ability to consummate, integrate, and realize returns on our acquisitions; with respect to PTS, changes in the financial health of its customers, labor strikes, or work stoppages by its employees, a reduction in PTS' asset utilization rates, the cost of acquiring and the continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, including with respect to the effect of various regulations concerning its vehicle fleet, changes in values of used trucks which affects PTS' profitability on truck sales and regulatory risks and related compliance costs, our ability to realize returns on our significant capital investments in new and upgraded dealership facilities; our ability to navigate a rapidly changing automotive and truck landscape; our ability to respond to new or enhanced regulations in both our domestic and international markets relating to dealerships and vehicle sales, including those related to the sales process, emissions standards, or electrification; the success of our distribution of commercial vehicles, engines, and power systems; natural disasters; recall initiatives or other disruptions that interrupt the supply of vehicles or parts to us; risks and uncertainties relating to an unsolicited, preliminary and non-binding take private proposal received from Penske Corporation and Mitsui & Co., Ltd. and their affiliates to acquire all of the shares of the Company not already owned by them, including the possibility that any such transaction may not be pursued, approved, or consummated on the proposed terms, within any anticipated timeframe, or at all; the outcome of legal and administrative matters and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, risks, and other uncertainties, which could affect Penske Automotive Group's future performance. The risks and uncertainties discussed above are not exhaustive and additional risks and uncertainties are addressed in Penske Automotive Group's Form 10-K for the year ended December 31, 2025, its Form 10-Q for the quarterly period ended March 31, 2026, and its other filings with the Securities and Exchange Commission. This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.
, /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, announced its Board of Directors ("Board") today received an unsolicited, preliminary and non-binding proposal ("Proposal") from Penske Corporation ("PC") and Mitsui & Co., Ltd. ("Mitsui") to acquire the remaining shares of the Company's common stock that they and their affiliates do not currently own for cash consideration of $210 per share. PC and Mitsui and their affiliates currently beneficially own collectively 72.6% of the Company's outstanding common stock. A copy of the Proposal is available as an exhibit to the Company's Current Report on Form 8-K which will be publicly filed today with the Securities and Exchange Commission.
The Board has established a special committee comprised of disinterested and independent directors to review and consider the Proposal. The special committee is authorized to retain advisors, including independent legal and financial advisors, to assist it in its work. There can be no assurance as to whether an agreement relating to any proposed transaction will be reached or as to the terms thereof if an agreement is reached. The Company does not intend to comment further or disclose any developments regarding the Proposal unless and until it deems further disclosure is appropriate or required. The Company's shareholders do not need to take any action at this time.
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,800 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs nearly 41,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 387,500 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance, expectations, and future plans. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, whether and on what terms any transaction will be consummated, those related to macro-economic, geo-political and industry conditions and events, including their impact on sales of new and used vehicles, service and parts, and repair and maintenance services, the availability of consumer credit, changes in consumer demand, consumer confidence levels, fuel prices, demand for trucks to move freight with respect to Penske Transportation Solutions ("PTS") and Premier Truck Group, and other freight metrics such as spot rates or miles driven, personal discretionary spending levels, interest rates, foreign currency exchange rates, and unemployment rates; our ability to obtain vehicles and parts from our manufacturers, especially in light of supply chain disruptions due to natural disasters, tariffs and non-tariff trade barriers, any shortages of vehicle components, international conflicts, challenges in sourcing labor, labor strikes, work stoppages, or other disruptions; the control our manufacturer partners can exert over our operations and our reliance on them for various aspects of our business; risks to our reputation and those of our manufacturer partners; changes in the retail model from direct sales by manufacturers, a transition to an agency model of sales, sales by online competitors, or from the expansion of electric vehicles; disruptions to the security and availability of our information technology systems and those of our third party providers, which systems are increasingly threatened by ransomware and other cyber-attacks; the effects of a pandemic on the global economy, including our ability to react effectively to changing business conditions in light of any pandemic; the impact of tariffs targeting imported vehicles and parts, as well as changes or increases in tariffs, trade restrictions, trade disputes, or non-tariff trade barriers; the rate of inflation, including its impact on vehicle affordability; our ability to consummate, integrate, and realize returns on our acquisitions; with respect to PTS, changes in the financial health of its customers, labor strikes, or work stoppages by its employees, a reduction in PTS' asset utilization rates, the cost of acquiring and the continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, including with respect to the effect of various regulations concerning its vehicle fleet, changes in values of used trucks which affects PTS' profitability on truck sales and regulatory risks and related compliance costs, our ability to realize returns on our significant capital investments in new and upgraded dealership facilities; our ability to navigate a rapidly changing automotive and truck landscape; our ability to respond to new or enhanced regulations in both our domestic and international markets relating to dealerships and vehicle sales, including those related to the sales process, emissions standards, or electrification; the success of our distribution of commercial vehicles, engines, and power systems; natural disasters; recall initiatives or other disruptions that interrupt the supply of vehicles or parts to us; risks and uncertainties relating to an unsolicited, preliminary and non-binding take private proposal received from Penske Corporation and Mitsui & Co., Ltd. and their affiliates to acquire all of the shares of the Company not already owned by them, including the possibility that any such transaction may not be pursued, approved, or consummated on the proposed terms, within any anticipated timeframe, or at all; the outcome of legal and administrative matters and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, risks, and other uncertainties, which could affect Penske Automotive Group's future performance. The risks and uncertainties discussed above are not exhaustive and additional risks and uncertainties are addressed in Penske Automotive Group's Form 10-K for the year ended December 31, 2025, its Form 10-Q for the quarterly period ended March 31, 2026, and its other filings with the Securities and Exchange Commission. This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.
Penske Automotive (PAG - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis auto dealership chain is expected to post quarterly earnings of $3.38 per share in its upcoming report, which represents a year-over-year change of -10.6%.
Revenues are expected to be $7.93 billion, up 3.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.21% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Penske?For Penske, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.74%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Penske will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Penske would post earnings of $2.91 per share when it actually produced earnings of $3.05, delivering a surprise of +4.81%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Penske doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
, /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced it will release financial results for the three and six months ended June 30, 2026, on the morning of Wednesday, July 29, 2026.
An investor presentation and earnings press release will be accessible beginning the morning of July 29, 2026, in the Investors section of the Penske Automotive Group website at www.penskeautomotive.com.
A conference call and audio webcast to discuss these results will be held later that day as follows:
WHEN:
Wednesday, July 29, 2026
TIME:
2:00 PM Eastern Time
WEBCAST:
To access the live webcast of the conference call, please visit https://events.q4inc.com/attendee/895612473
Note: Listeners should access the webcast 10-15 minutes before the call begins
PHONE:
United States, please dial (833) 461-5787 (Conf. ID: 895612473)
Note: Callers should dial-in approximately 10-15 minutes before the call begins
REPLAY:
A webcast replay of the conference call will be available for 7 days beginning at approximately 5:00 PM on the day of the call. To access the webcast replay, please visit https://investors.penskeautomotive.com/events-and-presentations
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan, and Australia and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. PAG employs over 28,800 people worldwide. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that employs nearly 41,000 people worldwide, manages one of the largest, most comprehensive and modern trucking fleets in North America with over 387,500 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers. PAG is a member of the S&P Mid Cap 400, Fortune 500, Russell 1000, and Russell 3000 indexes. For additional information, visit the Company's website at www.penskeautomotive.com.
I present an expanded Top 25 High-Yield dividend stock watchlist for April 2026, targeting quality, value, and long-term return potential. The selected stocks average a 3.86% dividend yield and a projected 19.07% future CAGR, with ~34% average undervaluation per dividend yield theory. Subsets highlight opportunities in high yield (e.g., Campbell's at 7%), fast dividend growth (Autoliv, 38.15%), and deep value (Nike, -63.81% undervalued).
BLOOMFIELD HILLS, Mich., April 13, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced it will release financial results for the three months ended March 31, 2026, on the morning of Wednesday, April 29, 2026.
Gift brings all-time support to more than $12 million as PVA marks its 80 th year serving veterans with spinal cord injuries and diseases WASHINGTON, April 20, 2026 /PRNewswire/ -- Paralyzed Veterans of America today announced it received a donation of $1.08 million from long-time partner Penske Automotive Group through the company's annual Service Matters campaign. The amount includes donations from Penske Automotive Group's customers and employees, as well as matching contributions from the company.
Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cwm LLC cut its position in shares of Penske Automotive Group, Inc. (NYSE: PAG) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,820 shares of the company's stock after selling 3,349 shares during the period. Cwm LLC's
Total New and Used Retail Automotive Gross Profit Per Unit Retailed Increases Sequentially Record Retail Automotive Service and Parts Revenue Increases 4.6% to $864 Million Same-Store Retail Automotive Service and Parts Revenue Increases 4.6% and Related Gross Profit Increases 5.7% Same-Store Retail Commercial Truck Service and Parts Revenue Increases 4.1% Earnings Before Taxes of $324 Million; Net Income of $235 Million; Earnings Per Share of $3.56 Completed Acquisitions Representing $450 Million in Estimated Annualized Revenue Repurchased 170,393 Shares BLOOMFIELD HILLS, Mich., April 29, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced financial results for the first quarter of 2026.
Penske Automotive (PAG) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.91 per share. This compares to earnings of $3.39 per share a year ago.
Although the revenue and EPS for Penske (PAG) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Penske Automotive Group, Inc. PAG reported first-quarter 2026 adjusted earnings of $3.05 per share, which declined 15.0% year over year but topped the Zacks Consensus Estimate of $2.91 by 4.8%. Total revenues of $7.86 billion dipped 1.1% from the year-ago quarter and missed the consensus mark of $7.95 billion by 1.1%.
Penske Automotive Group delivered a strong Q1, beating earnings estimates and driving a 10% stock rally. PAG's resilient business model is underpinned by high-margin service and parts, which provide steady cash flow despite cyclical vehicle sales. Luxury vehicle focus and global diversification help insulate PAG from economic headwinds affecting broader auto sales.
Penske Automotive Group (PAG) stock has performed well despite Q1 results showing slower sales. Emerging green shoots in truck leasing and new truck orders could be the cause. Service and Parts remains a profit engine, offsetting weaker vehicle sales. Recent acquisitions of Toyota/Lexus dealerships increase total company sales about by 6%. Dividend yield is attractive at 3%, but growth has slowed to fund acquisitions. Leverage has increased modestly but remains manageable.
Las Vegas, NV, May 05, 2026 (GLOBE NEWSWIRE) -- Kalmar Ottawa recently delivered a production T2 EV electric terminal tractor to Penske Truck Leasing, making it the first truck leasing company to integrate the next-generation T2 EV into its offerings. Penske will make the T2 EVs available for lease across North America beginning Q2 2026, giving its customers an opportunity to reduce diesel fuel use, improve air quality and support sustainability goals.
BLOOMFIELD HILLS, Mich., May 13, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has approved a quarterly dividend of $1.42 per share, representing an increase of $0.02 per share, or approximately 1.4%.
On May 15, 2026, Penske Automotive Group Inc (PAG) shares fell 4.1% to a current price of $162.18. This decline comes in the context of a 52-week range of $140.
My updated dividend stock screening highlights 25 U.S. stocks with strong yields, fundamental growth, and substantial undervaluation for June 2026 consideration. The top 25 list averages a 3.29% yield and ~28% undervaluation, with a projected future CAGR of 14.63%, outperforming the broader screened universe. Key opportunities include high-yielders like Comcast (5.25%) and Paychex (4.98%) and fast dividend growers such as Autoliv (38.15% DGR) and Penske Automotive (33.37% DGR).
