Earnings summaries and quarterly performance for PENSKE AUTOMOTIVE GROUP.
Executive leadership at PENSKE AUTOMOTIVE GROUP.
Board of directors at PENSKE AUTOMOTIVE GROUP.
DH
David Hoogendoorn
Detailed
Director
GP
Greg Penske
Detailed
Vice Chair of the Board
GS
Greg Smith
Detailed
Director
HB
H. Brian Thompson
Detailed
Lead Independent Director
KM
Kimberly McWaters
Detailed
Director
LD
Lisa Davis
Detailed
Director
ME
Michael Eisenson
Detailed
Director
RS
Ray Scott
Detailed
Director
SP
Sandra Pierce
Detailed
Director
WD
Wolfgang Dürheimer
Detailed
Director
YK
Yosuke Kawakami
Detailed
Director
Research analysts who have asked questions during PENSKE AUTOMOTIVE GROUP earnings calls.
Rajat Gupta
JPMorgan Chase & Co.
5 questions for PAG
Also covers: ABG, ACVA, AN +10 more
David Whiston
Morningstar, Inc.
4 questions for PAG
Also covers: ABG, AN, GNTX +4 more
Jeff Lick
Stephens Inc.
3 questions for PAG
Also covers: ABG, AN, BOOT +9 more
John Murphy
Bank of America
3 questions for PAG
Also covers: ABG, ADNT, AN +16 more
Michael Ward
Citi Research
3 questions for PAG
Also covers: AFL, AN, CPS +13 more
RJ
Ronald Jewsikow
Guggenheim Partners
2 questions for PAG
Also covers: GNTX, GPI, LAD +2 more
Daniela Haigian
Morgan Stanley
1 question for PAG
Also covers: ABG, AN, CVNA +4 more
MW
Mike Ward
UBS
1 question for PAG
Also covers: GM, PRU, RGA +2 more
Thomas Wendler
Stephens Inc.
1 question for PAG
Also covers: GPI, MNRO, VVV
Recent press releases and 8-K filings for PAG.
Penske Automotive Group to Acquire Two Lexus Dealerships
PAG
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Penske Automotive Group, Inc. (PAG) has signed an agreement to acquire Lexus of Orlando and Lexus of Winter Park, both located in the Orlando metropolitan area of Central Florida.
- This acquisition is expected to add $450 million in annualized revenue.
- The transaction is anticipated to close during the first quarter of 2026.
- Penske Automotive Group expects to fund the purchase price using cash flow from operations and availability under its U.S. credit agreement.
Jan 26, 2026, 11:58 AM
Penske Automotive Group Acquires Four Dealerships, Including Longo Toyota
PAG
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Penske Automotive Group (PAG) acquired four franchised automotive dealerships in California and Texas, including Longo Toyota, the largest Toyota dealership in the U.S., with the transaction closing on November 19, 2025.
- The acquired dealerships are expected to add $1.5 billion in estimated annualized revenue.
- The aggregate purchase price for the acquisition was $519,423,000, funded by $363,596,100 in cash and a $155,826,900 senior subordinated promissory note.
- This strategic acquisition strengthens PAG's relationship with the Toyota and Lexus brands and expands its presence in the Los Angeles, Northern California, and Dallas markets.
Nov 19, 2025, 12:48 PM
Penske Automotive Group Acquires Four Dealerships, Expanding Presence in California and Texas
PAG
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Penske Automotive Group (PAG) acquired four dealerships, including two Toyota and two Lexus locations, notably Longo Toyota, the largest Toyota dealership in the U.S..
- These acquisitions are projected to add $1.5 billion in estimated annualized revenue.
- The transaction closed on November 19, 2025, expanding PAG's market presence in Southern California, Northern California, and the Dallas area of Texas.
- In 2024, the acquired dealerships collectively retailed over 28,000 new and used units.
Nov 19, 2025, 11:57 AM
Penske Automotive Group Discusses Diversified Operations, Cash Flow from PTS, and Strategic Market Adjustments
PAG
New Projects/Investments
Demand Weakening
Dividends
- Penske Automotive Group (PAG) operates a diversified business model, including 356 retail automotive franchises and 45 commercial truck dealerships, and holds a 28.9% ownership interest in Penske Transportation Solutions (PTS).
- The company anticipates an additional $120 million-$150 million annually in cash flow from tax deductions related to PTS's $3 billion in annual truck purchases, having already received $2 billion in cash from its $956 million investment in PTS.
- PAG's retail automotive business in the U.K. faces challenges from government EV policies and higher taxes, but has successfully implemented the agency model for Mercedes, resulting in more net profit per car.
- The company is expanding its U.K. operations by adding eight Chinese brands (Chery and Geely) and two additional stores (BYD and MG) in Germany, with the Chinese brands in the U.K. having an average transaction price of approximately GBP 30,000.
- PAG's parts and service revenue in Q3 2025 was up 35% compared to 2019, achieving all-time record levels with high margins, driven by warranty and customer pay.
Nov 4, 2025, 12:00 AM
Penske Automotive Group Discusses Business Segments, Market Conditions, and Growth Initiatives
PAG
New Projects/Investments
Demand Weakening
Revenue Acceleration/Inflection
- Penske Automotive Group (PAG) operates 356 retail automotive franchises (predominantly premium luxury) and 45 commercial truck dealerships, with a $10.7 billion equity market capitalization and $1.5 billion in net debt.
- PAG holds a 28.9% ownership interest in Penske Transportation Solutions (PTS), which has provided $2 billion in cash returns on a $956 million investment. Accelerated depreciation from PTS is expected to generate an additional $120 million-$150 million in annual cash flow for PAG.
- The retail automotive market faces challenges with higher transaction prices (average new car at $60,000) and consumer affordability concerns, leading to longer financing terms and 26% of customers paying cash. PAG's inventory is well-managed with a 49-day supply in the U.S. and 51-day supply in the U.K..
- The U.K. market, representing 35% of PAG's revenue, is challenged by government EV policies and higher taxes, but PAG is adapting by restructuring its used car business and introducing Chinese brands (Chery, Geely, BYD, MG) with lower average transaction prices (around GBP 30,000).
- PAG's parts and service business is a significant profit driver, with Q3 revenue up 35% compared to 2019, reaching all-time record levels and benefiting from warranty work, including a recent 1 million car recall by Toyota and Lexus.
Nov 4, 2025, 12:00 AM
Penske Automotive Group Discusses Diversified Operations, Market Dynamics, and Strategic Initiatives
PAG
New Projects/Investments
Demand Weakening
M&A
- Penske Automotive Group (PAG) operates a diversified business including 356 retail automotive franchises and 45 commercial truck dealerships, alongside a 28.9% ownership interest in Penske Transportation Solutions (PTS).
- PTS is a significant cash flow generator, expected to provide an additional $120 million-$150 million annually in cash flow from tax deductions related to $3 billion in annual truck purchases, and has returned $2 billion in cash on a $956 million investment.
- The company is actively pursuing growth, with approximately $1.5 billion in acquisitions anticipated to close before year-end, including the recent purchase of Ferrari Modena.
- PAG's retail automotive business faces a potentially weaker luxury consumer demand, with industry inventory still down 35% from pre-pandemic levels and PAG's U.S. supply at 49 days.
- The parts and service business is a strong performer, with revenue up 35% in Q3 2025 compared to 2019, reaching record levels, and the company is expanding into Chinese automotive brands in the U.K. and Germany.
Nov 4, 2025, 12:00 AM
Penske Automotive Group Reports Q3 2025 Results Amidst Market Headwinds
PAG
Earnings
Dividends
Share Buyback
- Penske Automotive Group reported Q3 2025 revenue of $7.7 billion, a 1% increase, with net income of $213 million and earnings per share of $3.23.
- The quarter's performance was impacted by several factors, including the expiration of the U.S. EV tax credit, a cyber incident at Jaguar Land Rover, and a challenging freight environment, which collectively reduced EBITDA by an estimated $23 million or $0.25 per share.
- The company demonstrated strong capital allocation, increasing its dividend by 4.5% to $1.38 per share (the 20th consecutive quarterly increase), repurchasing $145 million in shares year-to-date, and reducing non-vehicle long-term debt to $1.57 billion.
- Penske Automotive Group is actively pursuing growth, with an acquisition pipeline of over $1.5 billion in revenue expected to close in Q4, and strategic investments like the acquisition of a Ferrari dealership in Modena, Italy. The energy solutions business in Australia is projected to generate at least $1 billion in revenue by 2030.
Oct 29, 2025, 6:00 PM
Penske Automotive Group Reports Q3 2025 Financial Results
PAG
Earnings
New Projects/Investments
Dividends
- Penske Automotive Group reported Q3 2025 revenue of $7.7 billion, an increase of 1%, with EBITDA of $292 million and earnings per share of $3.23.
- The U.S. retail automotive business demonstrated strong performance, with same-store new units delivered increasing 9% and revenue up nearly 10%.
- Operational headwinds, including a cyber incident at Jaguar Land Rover and a 19% decline in Premier Truck Group's same-store unit sales, impacted Q3 EBITDA by an estimated $23 million or $0.25 per share.
- Strategic initiatives include the acquisition of a Ferrari dealership in Modena, Italy, bringing the total to nine worldwide, and the opening of first Chinese brand locations in the UK and Germany.
- The company increased its dividend by 4.5% to $1.38 per share in October, marking the 20th consecutive quarterly increase, and repurchased 1,086,560 shares for $145 million year-to-date through October 24.
Oct 29, 2025, 6:00 PM
Penske Automotive Group Reports Q3 2025 Results
PAG
Earnings
Dividends
Share Buyback
- Penske Automotive Group reported Q3 2025 revenue of $7.7 billion, an increase of 1.4% year-over-year, while net income attributable to common stockholders decreased 6% to $213.0 million and earnings per share fell 5% to $3.23.
- The company saw strong performance in its retail automotive segment, with same-store revenue increasing 5% and record retail automotive service and parts revenue up 5% to $818.3 million. However, overall profitability was negatively impacted by weakness in the North American freight market and challenges in the U.K. auto retail market.
- Penske Automotive Group repaid $550 million in senior subordinated notes and maintained a leverage ratio of 1.0x as of September 30, 2025.
- The Board approved a 4.5% increase in the quarterly dividend to $1.38 per share, marking the 20th consecutive quarterly increase, and the company repurchased 1,086,560 shares through October 24, 2025.
Oct 29, 2025, 4:11 PM
Penske Automotive Group Announces Q3 2025 Results
PAG
Earnings
Share Buyback
Dividends
- Penske Automotive Group reported Q3 2025 revenue increased 1.4% to $7.7 billion, while net income attributable to common stockholders decreased 6% to $213.0 million, and earnings per share decreased 5% to $3.23 compared to the prior year period.
- Retail automotive operations showed strength, with same-store revenue increasing 5% and record retail automotive service and parts revenue up 5% to $818.3 million.
- Profitability was negatively impacted by continued weakness in the North American freight market and challenges in the U.K. auto retail market, including a cyber security incident, leading to an approximate $23 million negative impact on earnings before taxes.
- The company repurchased 1,086,560 shares through October 24, 2025, repaid $550 million in senior subordinated notes, and increased its quarterly dividend by 4.5% to $1.38 per share.
Oct 29, 2025, 10:57 AM
Quarterly earnings call transcripts for PENSKE AUTOMOTIVE GROUP.
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