← Back

Penske Automotive Group Inc

Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships in the United States, the United Kingdom, Germany, Italy, Japan, Canada, Australia, New Zealand, and internationally. It operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The company operates franchise dealerships under franchise agreements with various automotive manufacturers and distributors. It is also involved in the sale of new and used vehicles, maintenance and repair services, sale and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, replacement and aftermarket automotive products, collision repair services, and wholesale of parts. In addition, the company operates a heavy and medium duty truck dealership, which offers Freightliner and Western Star branded trucks, as well as offers a range of used trucks. Further, it imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks and buses, and Dennis Eagle refuse collection vehicles with associated parts, as well as distributes diesel and gas engines, and power systems. Penske Automotive Group, Inc. was incorporated in 1990 and is headquartered in Bloomfield Hills, Michigan. Penske Automotive Group, Inc. operates as a subsidiary of Penske Corporation, Inc.

Price · split & dividend adjusted
News & notes moving PAG
PAG▲2

Penske Automotive Group Evaluates $210 Per Share Buyout Proposal

Penske Automotive Group's special committee has hired independent advisers to evaluate a take-private cash proposal of $210 per share from Penske Corporation and Mitsui & Co. The stock last closed at $216.66, which is about 3% above a widely followed narrative fair value estimate of $211.25. The proposal follows a strong run in the share price, with a 30.06% three-month return and a 36.99% year-to-date gain. The company has seen record growth in service and parts revenue, up 7%, and gross profit, up 9%, driven by an aging vehicle fleet and increased vehicle complexity. However, the company faces pressure from the shift to lower-margin battery electric vehicles and potential erosion of dealer economics if direct sales models expand.
PAG ▲8031.JP ▲
Simply Wall St·14dRead more ▾
PAG▲

Penske Automotive Q2 Revenue Rises 11% to $8.51 Billion, Beating Estimates

Penske Automotive Group reported second-quarter revenue of $8.51 billion, an 11.1% increase year on year and 6.5% above analyst estimates of $7.99 billion. Adjusted earnings per share came in at $3.62, beating the consensus of $3.39 by 6.7%, while adjusted EBITDA of $401.8 million exceeded expectations by 9%. Chairman and CEO Roger Penske attributed the outperformance to strong commercial truck demand, particularly a 170% surge in North American Class 8 truck orders at Premier Truck Group, along with growth in service and parts and international markets. Management expects the substantial commercial truck order backlog to convert into retail sales primarily in the second half of 2026, supporting continued momentum. The company also highlighted higher used truck margins, steady used car profitability, and expansion in service and parts operations with technician utilization near 84% in the U.S.
PAG ▲
StockStory·25dRead more ▾
PAG

Lithia and Group 1 Best Positioned to Profit from Ford Recalls

Ford's recalls of nearly 950,000 vehicles are pressuring its margins, but dealer groups Lithia Motors and Group 1 Automotive are best positioned to convert recall service traffic into profit. Ford is recalling 565,691 Bronco and Bronco Raptor vehicles for engine-compartment wiring and 387,911 Explorer and Aviator vehicles for a seat defect. Lithia stands out with the broadest domestic franchise footprint and over $1 billion in quarterly aftersales revenue at a 58.9% gross margin, while Group 1 carries meaningful Ford and Lincoln stores and achieved a record U.S. parts and service gross margin of 56.4%. Asbury Automotive ranks third in Ford recall benefit, and Penske Automotive's premium-brand mix limits direct exposure despite running a 59% service gross margin. Ford reports second-quarter results after the close on July 28, 2026.
F ▼LAD ▲GPI ▲ABG ▲PAG
24/7 Wall St.·30dRead more ▾
PAG▲3impact 4

Mitsui and Penske Corp. bid to take Penske Automotive private at $210 per share

Mitsui & Co. (U.S.A.) and Penske Corporation, the two largest shareholders of Penske Automotive Group, have launched a bid to acquire the roughly 27.8% of the company they do not already own, in a deal that would take the auto retailer private. The offer price is $210 per share, valuing the company at $13.8 billion. Mitsui currently holds about 20.3% of Penske Automotive, while Penske Corp. owns approximately 52%. Shares of Penske Automotive surged 10.32% to $215.34 following the announcement, hitting a 52-week high of $218.63 earlier in the session.
PAG ▲8031.JP ▲
FreightWaves·35dRead more ▾
PAG▼

StockStory flags Oxford Industries, Warner Music, and Penske Automotive as cash-rich but risky

StockStory identified three cash-producing companies it considers poor investments due to ineffective capital allocation. Oxford Industries, parent of Tommy Bahama, posted a trailing 12-month free cash flow margin of 1.6% and carries a 6× net-debt-to-EBITDA ratio, raising dilution risk. Warner Music Group, with a 10.2% free cash flow margin, saw muted 8.6% annual revenue growth over five years and declining returns on capital. Penske Automotive Group, at a 1.9% free cash flow margin, struggled with same-store sales and a 10.6% annual earnings per share decline over three years.
OXM ▼PAG ▼WMG ▼
StockStory·61dRead more ▾
PAG▼

CarMax Shares Drop 9% Despite Sales Beat as Profit Per Vehicle Falls

CarMax shares fell 9.0% on Wednesday even after the used-car giant reported first-quarter results that topped Wall Street estimates with revenues climbing 6.2%. Investors focused on the cost of that growth, as profit per used unit fell by $230 compared to last year, reflecting a deliberate strategy to cut prices and sacrifice margins to boost sales volume. New CEO Keith Barr, just three months into the job, laid out a multi-year turnaround plan, admitting that costs remain too high and the digital experience is too complex, and told CNBC the plan will take years to execute. Management described a more dynamic approach to margins, signaling less predictable profitability ahead. The market reacted negatively to the trade-off of thinner profits for higher volume, sending the stock sharply lower.
KMX ▼AN ▼GPI ▼LAD ▼PAG ▼
Yahoo Finance·69dRead more ▾
© 2026 MarketDXAsset